Gloria Carter Net Worth Forbes: How Much Money Does Jay-Z’s Mom Make, and Why Is She So Rich?

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Gloria Carter is a celebrity mother and the president of Shawn Carter Foundation. While Jay-Z is a billionaire, how much is his mom’s net worth?

JAY-Z is one of the greatest and richest rappers alive, not to mention one of the richest people alive. Coming from nothing in Brooklyn’s Marcy Houses projects, Shawn Corey Carter went from selling drugs to selling out stadiums.

He is married to one of the world’s biggest singers and most awarded musician with the highest number of Grammy wins, Beyonce.

But, Jay-Z’s life wasn’t as good as we see today, his father abandoned him and he was raised by a single mother, Gloria Carter.

On Sunday, July 2, 2023, the rapper’s mother who came out in 2017 as a proud member of the LGBTQ community got married to her longtime partner, Roxanne Wilshire in New York City. The ceremony was attended by the Carter family and some famous individulas in the entertainment industry.

In the wake of her newly found joy, many are curious to know how much Gloria Carter is worth, especially, now that her son is one of the successful artists in the world. Is Gloria Carter a millionaire, and what does she do for a living and why is she so rich? Read on for more.

Profile Summary

Full Name:Gloria Carter
Personal Net Worth:$50 million to $100 million
Asset with son:$1 billion dollars
Profession:Businesswoman, Philanthropist
Company:President of Shawn Carter Foundation
Children:Jay-Z, Eric Carter, Andrea Carter, Michelle Carter
Ex-husband:Adnis Reeves (Dead)
Current Partner:Roxanne Wilshire
Gloria Carter Net Worth Forbes: How Much Money Does Jay-Z's Mom Make, and Why Is She So Rich?
(Kristina Bumphrey/Starpix/Shutterstock)

How rich is Gloria Carter?

Gloria Carter is an American giver. She is the mother of eminent American rapper and financial specialist Jay Z.

Her age and date of birth are as of now off the web.

Gloria was spouse to Adnis Reeves. The couple brought forth 4 kids together: Michelle, Andrea, Eric and Shawn, otherwise known as Jay Z.

In 1980, the family self-destructed when Jay-Z’s dad left the family. Therefore, Carter needed to bring up her four kids as a single parent. Additionally, she got comfortable Brooklyn with her youngsters and buckled down.

In 2003, Carter’s ex died of liver malignancy. Regardless of the past contrasts, she demanded her kids to meet their dad during his last stage.

Gloria isn’t dynamic on any web-based media to date. She gets a kick out of the chance to carry on with a private life away from public consideration.

Now, Gloria who used to work as a clerk in an investment firm as well as a security guard to make ends meet is undoubtedly a multi-millionaire.

But, how much is Gloria Carter’s net worth? Businesswoman, and philanthropist Gloria Carter has an estimated net worth between $50 million and $100 million. This figure has not been confirmed. She earned her fortune as the co-founder and chief executive officer of the Shawn Carter Foundation. Notwithstanding, Jay-Z shares a total assets of $1 billion dollars with his mom.

Jay-Z’s mother is a doctor. Alonside Master P, she graduated from Lincoln University Sunday and both received an honorary Doctor of Humane Letters degree.

Gloria Carter Net Worth Forbes: How Much Money Does Jay-Z's Mom Make, and Why Is She So Rich?
Source: Getty Images

Glori Cater and her son Jay-Z launched a business together.

In 2003, Gloria and Jay-Z launched the Shawn Carter Foundation, a public charity that aims to “help individuals facing socio-economic hardships further their education at post-secondary institutions.”

The Foundation was formed in response to Ms. Carter’s desire to create “something that would enhance the future of our young people.” Through the Foundation’s signature programs, youth and communities in need have benefited and been able to overcome obstacles to success. 

Since its creation, over “$4MM have supported initiatives to empower youth and communities in need through the Foundation’s programs: Scholarship Fund, College Prep and Exposure, International Exposure, Professional Development, Scholar Support, and Community & Goodwill Programs,” per the foundation’s website.

“The underserved have so many problems,” Gloria told USA Today. “Sometimes they need someone to give them a hand.” The fund helps students across the country, typically from low-income households. “We have kids who act as the moms and dads of their families, kids who are products of the foster care system, kids who were in prison,” said executive director Diana Diaz. “They still want to pursue a further education, whether it’s at a four-year institution or a community college or vocational school.”

“There’s so many people that have a desire to go to college, but they can’t get the funding. With me taking on this responsibility, we make dreams come true,” Gloria told ESSENCE.

Ms. Carter has received numerous honors for the impactful contributions made through the Shawn Carter Foundation to local, national and global communities.

Whether on stage receiving awards, in the boardroom making decisions on the Foundation’s strategic direction, on a charter bus motivating students on the annual HBCU tour, in the office reading scholarship applications, in the housing projects distributing meals to families impacted by natural disasters, or on the ground handing toys and spreading holiday cheer to residents of the Marcy projects, Ms. Carter proves that service is both a responsibility and lifestyle. 

Gloria Carter Net Worth Forbes: How Much Money Does Jay-Z's Mom Make, and Why Is She So Rich?
(Picture Perfect/Shutterstock)

Jay-Z’s father abandoned him and his mother Gloria Carter raised her son by herself

Jay-Z, born Shawn Carter, grew up in the Bedford-Stuyvesant neighborhood of Brooklyn. His father, Adnis Reeves, abandoned Jay-Z’s mother, his two older sisters, and his older brother Jay-Z was just 11. “We were living in a tough situation, but my mother managed,” Jay-Z told Vanity Fair in 2013. “She juggled. Sometimes we’d pay the light bill, sometimes we paid the phone, sometimes the gas went off. We weren’t starving—we were eating, we were O.K. But it was things like you didn’t want to be embarrassed when you went to school; you didn’t want to have dirty sneakers or wear the same clothes over again.”

“We were told our parents would separate, but the reasons weren’t explained,” Jay-Z told magazine in 2009. “My mom prepared us more than he did. I don’t think he was ready for that level of discussion and emotion. He was a guy who was pretty detached from his feelings.” When asked why his father left, Jay-Z said, “I summed it up that they weren’t getting along. There was a lot of arguing.”

“I also felt protective of my mom. I remember telling her, ‘Don’t worry, when I get big, I’m going to take care of this.’ I felt like I had to step up,” Jay told Oprah Winfrey. “I was 11 years old, right? But I felt I had to make the situation better.”

Gloria worked as a clerk in an investment firm, but she told USA Today in 2014 that she would sometimes take on “an extra job as a security guard to make ends meet.” She continued to work as Jay-Z’s career began taking off, which her son didn’t like. “Jay had a problem with that,” she told USA Today, adding that the “99 Problems” rapper and his siblings arranged a meeting to talk their mother into retiring. After a year of retirement, Gloria realized something. “I was bored,” she said.