Why Jay-Z Couldn't Beat The Market

A year ago, I came up with a way to mirror the billionaire’s holdings. The “Jay-Z Index” is up 2.2% since, but the S&P 500 has outpaced that return tenfold. What gives?

Jay-Z will likely go down as one of the greatest performers of all time. But his portfolio’s performance leaves something to be desired—at least compared to the S&P 500 Index over the past year, by my estimation.

Last summer, I assembled a hypothetical “Jay-Z Index,” a portfolio meant to mirror the billionaire’s mix of mostly private assets. As someone w…