Via Vibe: If having sold over 100 million records, receiving 21 Grammy Awards & generating an estimated net worth of $810 million wasn’t enough for Jay-Z; he’ll soon be able to add another conquest to his collection.
In his hometown of New York City, Jay-Z will soon be honored when The Grammys present him with the ‘Grammy Salute to Industry Icons Award’ at 2018’s pre-show gala. He will be honored “for his significant contributions to the music industry and his numerous philanthropic endeavors.”
“We are absolutely thrilled and delighted to honor JAY-Z with this year’s GRAMMY Salute to Industry Icons Award. His contributions as an industry trailblazer and music visionary only begin to touch on the tremendous impact he’s made both in entertainment and beyond,” said Neil Portnow, President/CEO of the Recording Academy, via a press release. “JAY-Z also embodies the vibrant spirit of New York City and we couldn’t imagine a more fitting honoree as we return to Manhattan for this year’s GRAMMY Awards.”
Jay will join the likes of Sir Richard Branson, Clive Davis, Berry Gordy, L.A. Reid, and Debra L. Lee.
Since releasing his first album Reasonable Doubt in 1996 Jay-Z has gone on to make an impact in not just music and entertainment, but in the world of sports and fashion.
Jay-Z owns the New York 40/40 Club sports bar, and is the co-creator of the clothing line Rocawear. In 1995 he co-founded A-Fella Records, with Damon “Dame” Dash and Kareem “Biggs” Burke. He served as president of Def Jam Recordings from late 2004 until he resignation on January 1, 2008.
He is the founder of the entertainment company Roc Nation, forming it in 2009 after striking a multimillion-dollar deal with Live Nation. He also founded the sports agency Roc Nation Sports. As a certified NBA and MLB sports agent, he represents clients like Robinson Cano, Yoenis Céspedes, Kevin Durant & Skylar Diggins-Smith