35. Jay-Z & Beyonce Carter/Knowles-Carter

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35. Jay-Z & Beyonce Carter/Knowles-Carter

Net Worth: $2.4 B

LAST YEAR: $2.3 B
CHANGE: 4.3%
AGE: JAY-Z, 52; BEYONCÉ, 41
RESIDENCE: Bel Air
SOURCE OF WEALTH: Entertainment

THE MONEY: The Carters continue to derive most of their fame and fortune from their massive entertainment careers, but they’re also proving themselves as savvy entrepreneurs. Jay-Z owns Roc Nation, a music-publishing and management company that also holds a minority stake in Swedish oat milk-maker Oatly, and through its investment platform Arrive invests in West Adams-based salad chain Sweetgreen Inc.; Menlo Park-based stock trading app Robin Markets Inc.; and Cary, North Carolina-based video game publisher Epic Games Inc., among others. The rapper owns a 50% stake in Armand de Brignac Champagne, better known as Ace of Spades, and sits on the board of Square Inc. Beyoncé, meanwhile, founded Parkwood Entertainment in 2008 and co-founded Ivy Park Clothing Line in 2016, which she fully owns.

THE BUZZ: In October, Marcy Venture Partners – the venture fund Jay-Z formed with partners Jay Brown and Larry Marcus – closed in on its second $325 million fund, and the company is managing $600 million in assets. Last year, Jay-Z sold 50% of Ace of Spades to LVMH Moët Hennessy Louis Vuitton, and Square agreed to buy a majority stake in music streaming company Tidal.

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