Hip-hop artist Jay-Z recently dropped his latest release, 4:44, and is already getting praise for an album that’s fresh, honest, and full of insightful commentary.
Any observer of Jay-Z’s career can learn a thing or two about entrepreneurship and handling money, as the man is worth upward of $800 million according to recent estimates.
But 4:44 has some great new insights on the value of saving and investing, supporting your community, and passing wealth on to the next generation.1. Diversify your income
Jay-Z isn’t just a rapper. He’s a founder and owner of record companies. He has a clothing line and a sports bar. He’s a part owner of the NBA’s Brooklyn Nets. He has involvement in the casino and real estate industries. He owns the majority of the music streaming service, Tidal. All of this has allowed him to amass a net worth of reportedly more than $800 million, far more than he could make from music alone. He’s set for life even if he never raps another word, and if any one of his revenue streams falters, he has plenty of other streams coming in.
2. Get married
There are many benefits to being married, and it can often be great for your finances. Having a joint income can improve your buying and borrowing power, and boost the overall net worth of your family. In Jay-Z’s case, he’s married to Beyoncé, a hugely popular music artist with a net worth that rivals his own. In his new song, “Family Feud,” Jay-Z asks, “What’s better than one billionaire? Two.”
3. Support your community
In his new album, Jay-Z raps…
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