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Jay-Z Becomes Hip-Hop’s First Billionaire

Jay-Z

Jay-Z Becomes Hip-Hop’s First Billionaire

American rap veteran, Shawn “Jay-Z” Carter has officially been recognized as the first rapper and hip-hop artiste to become a billionaire by Forbes.

The American business magazine ‘Forbes’ noted that – “one of only a handful of entertainers to become a billionaire — and the first hip-hop artist to do so.”

What’s Jay-Z Worth?

“To calculate his net worth, we looked at the artist’s stakes in companies like Armand de Brignac champagne, applying our customary discount to private firms. (He owns 100% of Armand de Brignac and has partial ownership of the other companies.) Then added up his income, subtracting a healthy amount to account for a superstar lifestyle. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. Turns out, Jay-Z really is a business, man.” – Forbes

Jay-Z’s net worth was outlined as follows;

Armand de Brignac – $310 million

Cash & investments – $220 million

D’Ussé – $100 million

Tidal – $100 million

Roc Nation – $75 million

Music catalog – $75 million

Art collection – $70 million

Real estate – $50 million

Armand de Brignac – $310 million

Source: Forbes

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