The story behind Jay-Z’s private jet is quite enviable
Beyoncé and Jay-Z are officially a billion-dollar couple after Forbes put their combined worth at $1.16 billion. The duo's musical partnership during their "On the Run" tour in 2014 grossed more than $100 million in ticket sales. Beyoncé and Jay-Z reportedly made $4 million for every "On the Run" performance.
In 2018 the couple will be reuniting on stage again. On The Run II tour was announced quite recently and, no doubt, tickets for the shows will be in huge demand.
But a successful musical career is not the only source of the well-being of the power couple. Jay-Z expanded his business ambitions beyond rap records.
Together, the Knowles-Carters hold "significant equity" in the music-streaming service Tidal, which is reportedly worth $600 million. Jay Z owns the 40/40 Club in New York, an upscale sports bar and lounge, Roc Nation, Armand de Brignac champagne brand, and an entertainment company, which manages artists like Rihanna, Shakira, and Meek Mill. According to Forbes, most of the Jay-Z’s wealth comes from his entertainment company, Roc Nation.
Beyonce, the most nominated woman in Grammy Awards history, does not depend on her husband financially at all. She runs a successful fashion brand and a vegan meal delivery service. And even if Jay-Z could not afford a high-end lifestyle, he could rely on Beyonce. She is known for her luxurious gifts to her husband. On his 41st birthday, she gave him a $2 million (£1,535,000) Bugatti Veyron Grand.
But one of the most impressive gifts he received for Father's day in 2012, shortly after the birth of the couple’s first child, Blue Ivy.
While most dads are forced to console themselves with the thought that the main thing is not a gift but attention, Jay-Z received the highest approval of his role as a father.
Beyoncé bought him a brand new $40 million jet, a Bombardier Challenger 850 to be exact.
Bombardier began delivering the Challenger 850 in 2006. It features the same airframe and engines as the company’s CRJ200 airliner, but with an interior outfitted for 27, 32, or 50 passengers in commuter configuration or 14 to 16 in executive. Beyoncé bought a larger plane which can seat up to 16 people so that they could take trips with their extended family.
The Challenger 850 has a flash interior including a cream leather living room, a kitchen, a spacious bedroom and two bathrooms. The purchase made in 2012 came just in time for the first joint tour of musical tycoons, which took place in 2014, and will clearly be used intensively during their new world tour.
Flying high to the sky perhaps inspired Jay-Z to turn his attention to the possibilities of investment in aviation. Along with the members of the Saudi royal family, the rapper and businessman is one of the main investors of JetSmarter, a members-only mobile marketplace for shared and private charter flights. Basically, the app makes booking a private jet — or a seat on one — as easy as booking a ride with Uber.
JetSmarter was founded in 2012 by entrepreneur Sergey Petrossov, whose idea made him one of Forbes' "30 Under 30" business leaders of 2016. Tiered membership costs range from $5,000 to $15,000.
Decorated with his real name monogram - Shawn Carter - on the aircraft body, Jay-Z’s private jet serves as a perfect mobile office for him as well. With his dynamic lifestyle, it is difficult to imagine him sitting in a room in some business center. He uses time on board to discuss plans with his business partners from Roc-A-Fella records or entertainment company Roc Nation.
And of course, the aircraft is indispensable for travel with a large family. Constantly moving between an $88 million mansion in Bel Air, a $4 million private island in the Bahamas, and the Dominican Republic, where the couple often spends time at the $ 19.5 million 35,000-square-foot Casa de Campo Real Estate, it's hard to rely on regular flights.