Generally speaking, billionaires aren’t relatable. Not only because their net worth is beyond fathomable, but also because they conceal as much about their lives as possible. Dig past the squeaky clean public image they’ve spent years creating and it reveals a lot about their character.
Usually it’s that they’re a bit weird (Elon Musk, Jeff Bezos, Mark Zuckerberg), or maybe it’s that their “rags to riches” story is complete fiction and actually just invested their inheritance in property or acquired shares in already successful companies.
Jay-Z isn’t one of these people, though. Unlike his peers, his public image is far from clean, and he’s never shied from exposing it within his music. From affairs to drug dealing; Jay-Z’s issues are laid out within his discography for all to listen, along with financial advice.
In his own words, “I’m tryin’ to give you a million dollars worth of game for $9.99”.
So what does Jay-Z suggest for making your own fortune?
Invest In Property
Last year I made the average annual salary for my age group just through my property’s growth in value since buying and improving it. That’s not a boast, but it’s proof that investing in property can be lucrative if you do it correctly.
Unfortunately, it’s becoming harder and harder for people to get a mortgage when buying their first home. After finishing education, people tend to get stuck in the “rent cycle”; incapable of saving for a deposit because the cost of rent is so high. As a result, property is becoming an industry more exclusive to the rich.
If you can save for a deposit and buy, the benefits are colossal.
Own Your Shit
Specifically within creative industries, owning the rights to your own art is very important. If you believe that your art has potential to succeed, don’t sign away its identity.
With 365 deals and dodgy contracts, it’s very easy for creatives to sign away every aspect of their identity for a quick initial cheque. Jay-Z (in a time when this was normalised) refused, and the rest is history.
Help Others Succeed
Jay-Z’s Roc Nation is one of the most successful record labels within the industry. Not only has he signed many aspiring artists and helped them succeed; but he also helped create other record labels, such as GOOD Music and Dreamville.
As those around him have furthered their success, Jay-Z saw a return on his investments helping Roc Nation reach its worth of $75 million.
Diversify Your Source Of Income
Jay-Z became famous for his rap albums, but his own music only accounts for 7.5% of his overall wealth. His biggest source of income is his champagne brand, worth $310 million.
If you can make money through other avenues, explore them. Don’t just stick to what you know, try and venture beyond this.
SIR THORNEY 