Jay-Z ‘s real name is Shawn Carter, he is one of the billionaires working in the field of culture and entertainment, and is also the first rapper to achieve this significant milestone in assets.
It’s worth mentioning that Jay-Z and Beyoncé’s eldest daughter, Blue Ivy Carter, doesn’t need her parents’ money to become a millionaire. According to South China Morning Post, Blue Ivy currently has 500 million USD in its account .
In 2017, Blue Ivy appeared on her father’s album 4:44. The girl showed off her proficient rapping ability in the song Blues Freestyle. Blue Ivy’s cuteness and professionalism were so impressive that Jay-Z ordered a special animated MV for his daughter.
In 2019, Blue Ivy contributed the first and last vocals to Brown Skin Girl – a song in the soundtrack album of The Lion King: The Gift. Brown Skin Girl won the important category of Best Music Video at the Grammys, making Blue Ivy the second youngest artist after Leah Peasall to win the Golden Trumpet. At the same time, Beyoncé’s daughter was also nominated in the Outstanding Artist category. Blue Ivy also brought home her first award at the 2020 NAACP Image Awards. In the same year, she won her first BET award. According to Hollywood Reporter, Blue Ivy is the youngest winner in BET history.
Blue Ivy’s music products are paid very high royalties – according to South China Morning Post. This is similar to the story of Frances Bean Cobain inheriting royalties from a series of songs by her father – singer Kurt Cobain of the group Nirvana. “Every time Blue Ivy’s songs are streamed online, copyrighted by iTunes and used for commercial purposes, she will have money put into her giant piggy bank. This source of profit will last forever. Blue Ivy had an income of hundreds of millions of dollars before the age of 10.
This means that Jay-Z’s kid is one of the eight richest kids in America,” Mirror wrote. Besides music royalties, Blue Ivy also increased her assets to $500 million by retelling the story of Hair Love on the audiobook platform. On October 21, Harper’s Bazaar magazine reported that the 9-year-old girl acted with her parents in the short film Date Night, part of the latest promotional campaign of jewelry company Tiffany & Co. And of course, Blue Ivy’s reward is also a generous salary.
Blue Ivy Carter was born famous. Just a few days after being born, the baby was declared by Time magazine as “the most famous baby in the world “. In an interview on Mirror, Beyoncé shared that she did not expect her daughter to be too famous at this age. But unlike her peers, Blue Ivy revealed her artistic talent very early and shined in one way or another. “Blue Ivy is very intelligent and aware of changes around her. As a mother myself, I just try to keep my child’s world as positive and safe as possible. I learned to listen and love my children more,” singer Halo shared.
In a 2020 article, Daily Mail wrote about her: “Blue Ivy has been accustomed to the spotlight since birth. She became a topic of discussion in the media, including being called out on Saturday Night Live and Rupauls Drag Race. Jean Folger – Investopedia writer – looks at Blue Ivy from an investment and financial perspective: “Young people like Blue Ivy have something very valuable, which is time. And her parents are smart investors.
It is no coincidence that compound interest (the ability to increase investment by reinvesting income) was called the 8th wonder of the world by Albert Einstein. The magic of compound interest allows investors to create wealth over time.” Edwin Cheung – manager of the Hong Kong Institute of Financial Planners – agrees with this view. He said on the South China Morning Post: “Parents starting to invest in their children from a young age is a great advantage in terms of time value. Simply starting your child’s passion five years earlier can make a big difference in long-term experience and profits.”
