Its official – Jay Z is the worlds first billionaire rapper


Fans of Jay-Z will vouch for his success worthiness. But soliciting the fact a level further is Forbes that recently declared him as the official hip-hop billionaire and the first of his kind in the world! Yes, that’s right! Standing tall with a hefty net worth and a ton of investments, Jay-Z knows how to pull the right strings in the business world just as well as he does of his music.

As also noted by Forbes, the singer has succeeded so immensely because he continually believed in building brands instead of simply endorsing them. As of today, he owns stakes in Armand de Brignac champagne and D’Usse cognac, worth $410m in total, in Uber worth about $70m, in the music streaming service Tidal worth $100 m and an enviable art collection that sits at $50m. Jay-Z’s portfolio also includes investments and cash worth a sweet $200 m and real estate worth another $50 m.

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Additionally, the rapper has also co-created several brands in the past and has earned heavily from his music career that entails 14 No. 1 albums, 22 Grammy awards and over $500 million in pretax earnings in a decade. Commenting on his legendary billionaire status, Swizz Beats stated, “If he’s a billionaire now, imagine what he’s about to be, Because, he’s only just starting.” Well, we couldn’t have agreed more to that!

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[Via:Forbes]