Jay-Z named first Hip-Hop billionaire by Forbes as he joins the world elite list of known richest men and women in the world.
According to Forbes, the rapper Jay-Z “has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so.”
The breakdown of Jay-Z’s fortune includes his $310 million stake in Armand de Brignac (which produces Ace of Spades champagne), $220 million in cash and investments (which includes an estimated $70 million stake in Uber), $100 million for Tidal streaming service, $100 million stake in D’Ussé cognac, $75 million music catalog, $75 million value of Roc Nation and $50 million in real estate (including a massive Los Angeles estate with Beyoncé). He also has an art collection worth $70 million
Jay-Z named first Hip-Hop billionaire, overtaking the likes of Puff Daddy and Dr Dre and also 50cent who is quickly claiming up to the ladder.