“I sell ice in the winter, I sell fire in hell/ I am a hustler baby, I’ll sell water to a well.” - Jay Z on “U Don’t Know” (2001)
Business acumen, or the ability to get paper, is certainly a skill all good politicians must have. This is especially true in New York City where the income gap is massive and the rent is too damn high.
Unquestionably, if there’s one thing Jay knows how to do, it’s get money. With an estimated net worth of half a billion dollars (not including his wife, Beyoncé’s, 350 million), Jigga is a resident on Forbes’ plethora of wealthiest lists. His investments are diverse, running the gamut from hair products to truffles, from Basquiat paintings to sports clubs. Whatever the venture, however, one thing remains clear: Jigga has a keen eye for a ripe opportunity.
What’s more, many of his investments have benefited the citizens New York City. A brief owner of the Nets, Hov was instrumental in bringing the NBA team to his birth borough of Brooklyn. Now, as founder of his own sports agency, Roc Nation Sports, more than half of his clients play for New York teams, from CC Sabathia to Geno Smith. Hov brought the hit show, Fela!, to Broadway, sold out Carnegie Hall in support of the United Way of New York City, and performed a free Times Square concert for fans, just because.
Simply put, Jigga reps his hood. A billi in the bank might put him in the upper crust, but we have to give Hov props for remembering where he came from.