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
