The index is a dynamic measure of personal wealth based on changes in markets, the economy and When the prominent Horiuchi clan, one of the most dynamic salt farming and shipping families in Setouchi, says Zecha, made its headquarters and private residence here in the late 1800s, members turned to the best craftsmen around the country, hiring carpenters from cosmopolitan Kyoto, for instance, to assemble shoji screens. And we felt the resort would be a strong complement to our existing properties in Vietnam: Azerai Can Tho in the Mekong Delta and Azerai La Residence, Hue in the cultural city of Hue. "The premise of my resorts," says Zecha, an Indonesian-born former journalist who holds a Dutch passport, "is that you should feel as if I have asked you to be a guest at my country house for the weekend. This is what I have done for most of my life. "We would deal with it in the way we would deal with any rival," says Greg Sirois, the Colony-appointed general manager of the Amanresorts. Adrian Bellamy owns over 4,668 units of Williams-Sonoma stock worth over $9,849,022 and over the last 20 years Pauline NganMarketing Manager +852 3400 2634 Hong Kong Poly, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate. SINGAPORE (December 29th, 2020) Adrian Zecha cut the ribbon last month on his latest resort development, Azerai Ke Ga Bay, which is located on Vietnams Ten of the top 20 personnel of Amanresorts quit after Zecha left, including the person in charge of marketing and the managers of the Amandari, the most recognized resort in the chain. The average household net worth in 2020 was $746,821. Smitten by its beauty, he decided to build a vacation home on the site. Source: https://vietcetera.com/en/the-essence-of-world-class-hospitality-a-qa-with-azerai-founder-adrian-zecha, Komplek Perkantoran Kuta Poleng Blok A4 Jl. Nor will Zecha have problems finding money. He is a great-grandson of the late nineteenth-century magnate and mandarin Lauw Tek Lok, the first Luitenant der Chinezen of Bekasi people have enough money to cover 12 months worth of expenses in an emergency $70,000, says Waltra with a laugh, as her husband calls his broker in Germany to check on the stock market. converted to U.S. dollars at current exchange rates Read Tel : (+62) 361 754 185 Disclamer: Adrian Zecha net worth displayed here are calculated based on a combination social factors. With an introductory rate of $250 per night, its approach is all about affordable simple elegance. Zecha molded Amanresorts by attending to every detail of the brand's development, down to the color and material for the bed sheets. Following that, the fireworks lit up the sky to usher in 2000. Who had missed the party of the millennium? Here pictured by Adrian Zecha himself in of the suites at @amandari_resort Colony wants to extend the Aman brand to other hotel properties, something that is anathema to Zecha. That's $590,000 a room. It is this dedicated level of partnership between academia and industry that propels us forward.". In October 1998 he resigned the chairmanship of Amanresorts and his board seat; the chairmanship passed to Colony. "They are what you don't do when planning a hotel.". With mobs running wild in Jakarta and other cities, the Amanjiwo undershot all its financial targets in 1997 and 1998. In 1996 the bank's financial problems worsened and it called in its loans to Vaturi. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); By using our site you agree to our use of cookies to deliver a better site experience. I never wanted to stand still. After decades in the business, where he has made an indelible mark and redefined luxury, Zechas new venture is a reminder that though people talk about the new normal a lot, things dont change that easily. How will Azerai decide what types of projects to pursue as it continues to grow? My desire was always to take on challenges, the longer the odds the better. First, theres the hardwarethe design, as I mentionedbut more crucial, to my mind, is the software: the people who bring the resorts to life and provide an environment in which hospitality envelopes guests rather than overwhelms them. Many people ask this question about the money Adrian Zecha makes from Facebook. His contribution to the international hotel sector is without parallel and he is truly a deserving recipient of the School's Lifetime Achievement Award. That is the last thing I want to do," says Zecha wistfully. The site itself has everything a traveler would look for in a luxury beach resort: panoramic ocean views, lush gardens with tropical trees and flowers, and a location thats close enough to be easily accessible but far enough away to offer real seclusion and privacy. Zecha's approach to the business could not be more different from Colony Capital's. Over the years Aman has accumulated some 33 hotels, dotted across 21 countries, with many widely considered among the most exclusive places to rest your head in the world. Gordon Byrn is backing him with the resources of the Schroder Property Asia fund, which has $300 million in assets. Where was he? The revelry was interrupted by a bittersweet announcement from the general manager, Anthony Lark. Itsmission isto present the single-most compelling and elegant accommodation experience in a given locale at an affordable price-point.". Setiabudi, Simpang Siur Square But Vaturi had borrowed heavily from Crdit Lyonnais of France. What is the essence of luxury hospitality in todays era? Zecha famously revolutionised modern hotel concepts with the launch of Aman in Phuket in 1988. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Kushal Pal Singh was sitting on the outskirts of New Delhi in 1981 when a jeep broke down. With a strong international team of over 90 faculty members from diverse cultural backgrounds, the SHTM offers programmes at levels ranging from undergraduate degrees to doctoral degrees. Mr Adrian Zecha, founder of Aman Resorts, received the inaugural SHTM Lifetime Achievement Award from the School of Hotel and Tourism Management (SHTM) Zecha, Thadani and Vaturi control most of the shares but only three of the seven board seats. Please only use it for a guidance and Adrian Zecha's actual income may vary a lot from the dollar amount shown above. In October 1998 Colony, under the terms of the agreement with Vaturi, got three of the seven board seats that control Amanresorts and veto power over board decisions (it had a special class of stock, unlike the other shareholders). In exchange for what eventually became $120 million in payments to Vaturi, Colony received a stake in the holding company that indirectly gave it a 20.4% share in Amanresorts, reducing Vaturi's 56.7% to 36.3%. One sign of trouble: a new resort on the Indonesian island of Java, the Amanjiwo, opened in October1997--just as the Indonesian economy was collapsing. Rather impetuously, Zecha rejects that option out of hand. How do you think luxury travel might change in the wake of Covid-19? The Singhs set up a venture with Philadelphia-based ESB Inc. called Willard India Ltd. to make car batteries in 1973. Chasing the dream: I write about travel and the world around me, opened last spring and last month, the second hotel , Hydrogen-Powered Regional Airliner Readies For Takeoff, Nature Heals: A Renowned Doctor Explains Green Micro-Breaks And Natures Importance For Our Health, The Real Players Of Formula One: Drive To Survive Season 5, Delta Pilots Ratify Contract With Massive 34% Salary Hike, Need A Fresh Start? Most of the projects we are working on are driven by circumstance. "Today, our students, alumni and scholars cover the globe in their search for knowledge and excellence, and their contributions make a difference everywhere. The cost? Mr Zecha also founded Beaufort Hotels, which opened luxury hotels in Brisbane, Darwin, Singapore and Bangkok. Most of Colony's success has come from buying and selling real estate properties at a profit. He and his allies could withdraw the lawsuit and raise the money to bid against Colony to acquire Vaturi's stake. Zecha's absence was not a good sign. Hotelier Adrian Zecha builds luxury dream escapes all over the world. Adrian Willem Ban Kwie Lauw-Zecha (born 1933), better known as Adrian Zecha, is an Indonesian hotelier and founder of several hotel companies including Regent International Hotels, GHM Hotels, Amanresorts International, and Azerai Resorts, among others. Adrian Zecha Born: 1933 (age 89years), Sukabumi, Indonesia, Adrian Zecha Education: Columbia University, Dickinson College, Adrian Zecha Nationality: Indonesian, Singaporean, Adrian Zecha Founded organization: Aman Resorts, Azerai, Regent International Hotels. It was $692,100 in 2017. Each property echoes Zechas penchant for pared-back interiors, innovative restaurants and destination intelligence. That works out to $41,000 annual operating profit per room (there were 365 rooms in 1999; an 11th resort, with 41 rooms, opened in Marrakech in February). Playing with light and breezes, the fence weaves through 12 gardens with different philosophies behind them, points out Zecha, including one that maintains the biodiversity of an original Horiuchi plot. Zecha used to live in the country, where he was amazed by the harmony and delicateness of Japanese culture. The maneuvering and the interference was enough for Zecha. Lark was talking about Adrian Zecha, the founder of Amanresorts, which owns the Amanpuri and ten other top resorts around the world (Aman means peace in Sanskrit). Please only use it for a guidance and Coach (Survivor contestant)'s actual income may vary a lot from the dollar amount shown above. Adrian Zecha shares his thoughts on where the Azerai brand is heading, his philosophy on creating memorable guest experiences, and what he hopes his legacy will be. His entrepreneurial role with Regent was focused on the development and positioning of the brand. Mr. Zecha was one of the three founding partners of Regent International Hotels Limited (RIH), where he was responsible for the development and financing of RIHs hotel projects and the companys rapid growth into one of the worlds leading operator/owners of luxury hotels. His career once again found Adrian going back Stateside to work for Time Magazine and establishing several magazines, such as Asia Magazine and Orientations. Based on a conservative valuation of 16 times earnings, Amanresorts is worth $240 million. Save the date for the industry's leading event in Las Vegas, May 24th, 2023, The 36 Most Anticipated Hotel Openings of 2021, Gamechangers: 6 Forward-Thinking Hoteliers, Casa na Terra Seamlessly Coexists With Its Surroundings, Valerie Legras Spotlights Innovative Creators With Swadoh. I know there are properties in production." At the time, the In order to end the conflict, Vaturi tried unsuccessfully to convince others, including Four Seasons, to buy out Colony. ", Others are less sure. Vladislav Doronin (Russian: ; born 7 November 1962) is an international real estate developer and art collector. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Adrienne Bailon is an American musician, actress, dancer, and television personality who has a net worth of $4 million. Forget it.". And because they do that, more opportunities continue to present themselves to us. I do not give any thought to personal legacies. It shares land borders with Wales to its west and Scotland to its north. Young Adrian was in New York, where he had just joined Time-Life, first as a journalist and then as a publisher. ", George and Kathleen Myers, California wine merchants on their first visit to Amanpuri, attest to its special atmosphere. The SHTM Lifetime Achievement Award is established by the SHTM to honour outstanding personalities who have contributed substantially to the development of hospitality and tourism industry in Hong Kong, the region and around the world. WebSINGAPORE (December 29th, 2020) - Adrian Zecha cut the ribbon last month on his latest resort development, Azerai Ke Ga Bay, which is located on Vietnams picturesque WebAdrian Zecha. In brief, a camel had stuck its nose in the Aman tent. Opinions expressed by Forbes Contributors are their own. It is the difference between a handmade watch and one made in a factory.". WebCoach (Survivor contestant) net worth 57.9 Million Millions of dollars 99% Net worth score Disclamer: Coach (Survivor contestant) net worth displayed here are calculated based on a combination social factors. Also standing it apart from others, the brand is famously known for its Aman junkies an upper-tier of repeat guests who, convinced that no other brand can match Amans values and aesthetics, only holiday where there is an Aman hotel. I have been asked this question many times, but I have not managed to find an answer that satisfies peoples curiosity. Many had been coming for years to enjoy the Christmas-New Year's break at Amanpuri. How do you think luxury travel might change in the wake of Covid-19? En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. Heres How To Move To Norway In 2023, The Ultimate Guide To 7 Affordable Easter Getaways With Generator Hostel, The Vast Baja Peninsula Awaits Adventurous Travelers, Washington, D.C. Readies For The National Cherry Blossom Festival. WebAdrian Zecha is one of the worlds leading creators and operators of award-winning, luxury hotels and resorts. Based on a conservative valuation of 16 times earnings, Amanresorts is worth $240 million. Retorts Andr Sassoon, Vaturi's lawyer: "In plain English, it's really a fight over a valuable piece of property.". From the beginning, Zecha has relied on word of mouth, tapping into a network of rich friends that he has built up over the years in Asia, Europe and the U.S. Sells Aman to resort's founder Adrian Zecha for $300 million. WebAdrian Zecha Alex Xu Christopher Meredith Jonathan J. Breene Adrian Zecha, a partner in the Maha project, is one of the worlds leading creators and operators of award-winning luxury hotels and resorts. Based on Four Seasons' capitalization of $1.8 billion, the stock market values it at $162,500 a room. Why did you decide to embark on another chapter with Azerai at this stage in your life? 2023 Tatler Asia Limited. The idea infuriated Zecha. "We created a company that was an unparalleled success on the customer side," says Thadani. The value of his cash investments is based on an analysis of dividends, market performance, insider trades, taxes and charitable contributions. It brings the Aman level down to their level. This same approach has been applied to his involvement with GHM since its inception in 1992, and has helped developed some of the most unique hotels and resorts in the world. You may opt-out by. The Singhs formed an electric motor venture with George Hoddy, founder of a company called Universal Electric in Owosso, Michigan. Azerai is a new story and brand of resorts offering guests simple elegance, refined design, and discreet and attentive service in places of unique beauty and cultural interest. Vaturi was brought in by Zecha in 1993 to dilute the stakes held by some minority shareholders. Adrian Zechas latest ventures are three Azerai resorts in Vietnam with Indonesia and the Philippines in the pipeline. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Adrian Zecha is one of the worlds leading creators and operators of award-winning, luxury hotels and resorts. Hotel Online Special Report Robert Burns, Georg Rafael and Adrian Zecha to Be Honored at the Upcoming 16th Annual Hotel Investment Conference Asia Pacific . The Irish Sea lies northwest and the Celtic Sea area of the Atlantic Ocean to the southwest. What is Adrienne Bailon's net worth? Zecha will not confirm that he is considering starting another chain. Through Hotel ICON, the School's groundbreaking teaching and research hotel and a vital aspect of its paradigm-shifting approach to hospitality and tourism education, the SHTM is advancing teaching, learning and research, inspiring a new generation of passionate, pioneering professionals to take their positions as leaders in the hospitality and tourism industry. It was $692,100 in 2017. He would build a small hotel whose income would subsidize the construction and maintenance of the home. Technology can help with the heavy lifting, such as capturing guest preferences and other elements that support personalization. From the serene lodges found at Bhutans remote Amankora to the luxury tents at Amanwana on Moyo Island, Indonesia Amans signature alwaysincludes super-slick accommodation, discreet service and beautiful surroundings. Every ryokan was carefully curated by the aruji, the head of house, says Zecha, noting how all elements, whether the tokonoma (the reception room alcove displaying artwork), the catch of the day, or the seasonal mountain herbs, pointed toward the endless pursuit of harmony and human touch., Azumi Setoda occupies a 140-year-old structure restored by architect Shiro Miura, Seven decades later, these memories remain fresh in the tireless Zechas mind, and he honors this attention to detailand evolves his work at Amanwith Azumi, his newest brand founded with Yuta Oka of Naru Developments, in modern-day ryokans suffused with warmth and a sense of peace. 1 in the world in the "Hospitality and Tourism Management" category in ShanghaiRanking's Global Ranking of Academic Subjects 2022 for the sixth consecutive year, placed No. Compare that with the Ontario-based Four Seasons, the world's largest luxury hotel chain, with 11,088 rooms. The story of -- now DLF -- in 1946. As the founder of world famous Aman Resorts, the Director and Non-Executive Chairman of GHM is renowned for developing distinctive properties that redefine the destinations in which they are set. "Quite simply, Amanresorts is the most luxurious boutique resort chain in the world," says Erik van Keulen, head of the Singapore office of HVS International, a global hotel consulting group. Houses Fox stayed there during breaks in the filming of Casualties of War, a movie about the Vietnam war. "The Amans are antihotel," says Georg Rafael, the founder of the Rafael chain. The break between Zecha and Colony came in October 1998, when Colony exercised a clause in its deal with Vaturi. Right before the opening of each new resort, he would invite his friends for the weekend. I doubt it.". The next year Zecha didn't go to Amanpuri, the first public sign something was wrong. Azerai is a new story and brand of resorts offering guests simple elegance, refined design, and discreet and attentive service in places of unique beauty and cultural interest. (Argent's 63% share of Amanresorts subsequently fell to 55%.) Singh's father-in-law, Raghvendra Singh, left his job as a civil servant and formed a company called Delhi Land & Finance Pvt. Father-in-law, Raghvendra Singh, sets up Delhi Land & Finance. Zecha has plenty of income, including that from his Aman stake and a chain of less pricey hotels, General Hotel Management, that he controls. When Adrian left Aman, it became a dream for me to work with him on updating and rejuvenating ryokans." What is your philosophy about creating memorable guest experiences? Even Adrian's closest Thai banking contacts refused to lend him the $2.5 million he needed, a conservative amount that covered buying the land and half the cost of constructing the resort. The former army officer is chairman of the company, which develops residential properties, offices, commercial complexes and retail sites including India's How can Zecha win back control? WebMost Popular Celebrities Net Worth for 2019-2020, Age, Height, Weight, Family, Birthday, Horoscope, Wiki, Facts | famousintro.com Colony professes not to worry about the prospect of competing against Zecha. When the first Aman resort opened in Phuket, Thailand back in 1988, Indonesian hotelier Adrian Zecha was hailed as a trailblazer, due to the propertys stand-out minimalist design ethos married with its super-luxury approach to hospitality. Sitting on the resort's stone patio, watching the sun set over the Andaman Sea, martini in hand, George says: "This place has none of the marble and glitz of other resorts. Many people ask about the amount of money Adrian Zecha makes from Instagram. Bloomberg reporting. This is the essence of great hospitality treat every guest in the way you would want to be treated. , 2020) - Adrian Zecha cut the ribbon last month on his latest resort development, Azerai Ke Ga Bay, which is located on Vietnams picturesque southeastern coast about 150km from Ho Chi Minh City. What is your philosophy about creating memorable guest experiences? Raises $2.2 billion in India's then-biggest initial public offering. As far as Azerai is concerned, I want it to stand side-by-side with the other successful projects I have had the privilege of working on: Regent Hotels & Resorts, GHM hotels and Aman Resorts. Three months after it opened, Amanpuri created a name for itself when the American actors Sean Penn and Michael J. Marries Raghvendra Singh's eldest daughter, Indira. In the end, Zecha, Thadani and other partners in Arral built the Amanpuri with their own money, $5 million for 40 rooms--at $125,000 a room, it was widely considered to be exorbitant at the time (later Amanresorts were built at a cost of $300,000 a room). It was an affluent crowd. Twelve years later, in 1972, he cashed out and turned to the hotel business, joining Robert Burns and Rafael, who had just established the Regent Hotel chain, Asia's first five-star hotel network. As well as a salt water pool, La Residence will also offer a chi chi bar, Le Gouverneur, serving locally inspired cocktails, and restaurant, Le Parfum, which places at its heart Vietnamese cuisine, with authentic dishes, such as bun bo Hue and pho to bun thit nuong on offer. Hotelier Adrian Zecha builds luxury dream escapes all over the world. Throughout are Art Deco touches, giving a nod toits past, including the mansions distinctive faade, with its nautical flourishes. "But Zecha does have a following.". Our culture is based on trust, familiarity, and a legacy of success. Colony's position is that it is simply trying to recover its money from Vaturi. Singh and helped his son, Rajiv Singh, gain admission to the Massachusetts Institute of Technology. Venturi didn't have the cash, so Colony could exercise its right to sell Vaturi's remaining stake in the holding company and then bid for it. For over three decades, the coreAzotelsteam has worked together to design, launch, and operate leading hotel and resort properties around the world. Set on a two and a half-hectare estate, facing the fabled Perfume River, La Residence has 122 rooms and suites and is carved out of a colonial mansion dating back to 1930. This joint-venture company with Georg Rafael was subsequently sold to Mandarin Oriental Hotel Group. The case is still pending. The brand will offer a He is a well known American rapper and songwriter from Charlotte, North Carolina. The industry has always rebounded simply because people everywhere yearn to discover new places and cultures and to immerse themselves in unique experiences. Jenni conceived the company with Adrian Simply said: I like it. In 1999 the Amanresorts' estimated sales totaled $50 million. This article originally appeared in HDs May 2021 issue. In fact, Zecha resigned his position as chairman of Amanresorts in October 1998. Initially a journalist and publisher, Mr Zecha's entry into hospitality was as one of the founding members of Regent International Hotels, recognised in its day as the finest international hotel management company. But he does say, "I will continue to do what I love to do and what I do best, which is build new resorts. David Chang: Net Worth $60 million Chef and entrepreneur David Chang makes it to 8th position on our list with a net worth of $60 million. The world, he says, never gets boring.. Legendary hotelier Adrian Zecha recently cut the ribbon on his latest resort development, Azerai Ke Ga Bay, located on Vietnams picturesque southeastern coast. After lunch on a trip to Phuket, he took a walk on a coconut farm by the sea. Zecha's idea of a small hotel charging $250 a night (in 1987) was considered crazy. Azerai Resorts are designed in an elegant, refined, and understated manner, and seek to embrace and blend into the locations in which they are set. It is now under the control of Colony Capital, a U.S. real estate investment fund based in Los Angeles that's run by Thomas Barrack Jr., a former principal at Robert M. Bass Group. More from HD: To increase the chain's allure, Amanresorts hasn't advertised (except for a few ads in 1987) and has never put out a press release. The School is uniquely positioned to cultivate the human capital needed to drive the overall development of the industry. Hoddy became a mentor to K.P. With an estimated $4 million budget, Amanpuri opened in 1988 on the Thai island of Phuket, designed by Ed Tuttle well before the time of iPhones, Instagram, and even the Internet. Most of the projects we are working on are driven by circumstance. In the hospitality industry, Adrian What, in particular, appealed to you about this location? Thats a tall order, I know, but I believe we can get there. We all need time outside the home [and to experience] new encounters.. But execution will always depend on the ability to develop emotional connections with a resort, a brand, and ultimately the people behind it. People will always remember how they were treated and how you made them feel. This is what I do. Legendary hotelier Adrian Zecha has at last launched his next venture. In the interview below, the veteran hotelier, who has more than five decades of experience in international luxury hospitality, shares his thoughts on where the Azerai brand is heading, his philosophy on creating memorable guest experiences, and what he hopes his legacy will be. He spent his teenage and young adulthood in the US before moving to Indonesia to become a journalist. SINGAPORE (December 29th, 2020) Adrian Zecha cut the ribbon last month on his latest resort development, Azerai Ke Ga Bay, which is located on Vietnams picturesque southeastern coast about 150km from Ho Chi Minh City. Recently, on April 17, 2020, he released [] Zecha was born in Sukabumi, Indonesia into the Lauw-Sim-Zecha family, part of the Cabang Atas or Chinese gentry of colonial Indonesia. His family is of Peranakan Chinese and Bohemian roots. When they arrive you welcome them warmly, help them with their coats, offer them an aperitif. This is up from $97,225.55 in 2017. Kushal Pal Singh is born in Uttar Pradesh, India. WebVladislav Doronin. There, the annual operating profit per room was $5,500 in 1999. If we think we can conceptualize and execute a beautiful resort with a unique soul, we will take it on. DLF raised $2.2 billion in June 2007, India's biggest initial share sale at the time. 24 Mar 2021. But if Amanresorts has outgrown Zecha, then it's time for him to start a new family. 1 globally in the "Commerce, Management, Tourism and Services" category in the University Ranking by Academic Performance in 2021/2022 for five years in a row, rated No. Joins father-in-law in forming electric motor venture. Mr Adrian Zecha, founder of Aman Resorts, received the inaugural SHTM Lifetime Achievement Award from the School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University (PolyU) at a ceremony held in his honour at the SHTM's teaching and research hotel, Hotel ICON, on 19 May 2016. While most people associate his name solely with hotels, it was only after leaving a career in journalism at 40 years Lyn Middlehurst, publisher of The Gallivanter's Guide, a British travel newsletter, declared in the February issue that Zecha would soon announce "his new hotel project." Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. (Neither Barrack nor others at Colony would speak on the record.) The company was eventually sold to the Mandarin Oriental Hotel Group. The two companies are indeed different. Raghvendra Singh suffered a setback in 1962 when the government forced closely held companies out of real estate in its effort to tame unbridled growth and create orderly cities. Jay-Z is an American rapper, entrepreneur, and music mogul with an estimated net worth of $1 billion. 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