Nick Jonas Net Worth: ‘The Next Justin Timberlake’?; How Much is Jay Z’s ‘Next Project’ Worth? [PHOTOS]

Nick Jonas' net worth probably began soaring after his stint with pop band "The Jonas Brothers," but Nick is riding even higher right now. It appears the 22-year-old's music career is set for even more success as Jay Z reportedly began noticing him.

According to Hollywood Life, Jay Z has recently praised Nick Jonas, with the rapper thinking Nick to be the next JT in the music industry. If this is indeed true, Nick Jonas' net worth could become even higher.

"Jay Z is always a forward thinking businessman and always wants to be on the cutting edge of music, business and anything else that will make him the entrepreneur that he is - and his next project is Nick Jonas. He wants to record with him and he wants Beyonce to record with him. He sees Nick as the next Justin Timberlake," according to a Hollywood Life insider.

While Nick Jonas' net worth didn't begin rising when he appeared in several productions, including "Annie Get Your Gun," "Beauty and the Best" and "A Christmas Carol," it must be now as Jay Z reportedly took notice of him simply after a stunning performance during Saturday's "Made in America Fest."

Jay Z and Justin Timberlake have had several collaborations in the past, and they often become hits. Some of these collaborations include "Suit & Tie" and "Holy Grail." If the report is true, Jay Z could be collaborating next with the 45-year-old hubby of Beyonce, upping Nick Jonas' net worth.

So how much is Nick Jonas' net worth?

According to Celebrity Net Worth, the former Disney star is worth $18 million dollars.

While Justin had been part of famous 90s boyband N'SYNC, Nick Jonas had been part of the equally famous pop band Jonas Brothers, which got Nick Jonas' net worth growing when they released the album "It's About Time" in 2006. What really paved the way to the siblings band's success is their self-titled album in 2007, which soared to number 5 on Billboard's Top 200 and sold more than 3 million copies worldwide.

Another factor for Nick Jonas' net worth of $18 million is The Jonas Borthers' third album, "A Little Bit Longer", and fourth album, "Lines, Vines and Trying", which both topped charts quickly following their release.

In 2010, while Nick's band "Nick Jonas & the Administration" held a month-long tour for, he also continued appearing in theater productions such as "Les Miserables." He has also starred in several films including "Camp Rock", "Camp Rock 2: The Final Jam", "Last Man Standing", "Hannah Montana", "Smash" and "Hawaii Five-0."

Nick Jonas recently stareted his solo career and released the hit single, "Jealous."

According to The Inquisitr, following the "Made in America" Fest, Nick Jonas posted several photos on Instagram showing him at the event. In some of the photos, the singer was joined by Jay Z and Kelly Rowland.