Jay-Z Is Reportedly The First Rapper To Become A Billionaire

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VIRGINIA BEACH, VIRGINIA - APRIL 27: Jay-Z performs onstage at SOMETHING IN THE WATER - Day 2 on April 27, 2019 in Virginia Beach City. (Photo by Craig Barritt/Getty Images for Something in the Water)

Jay-Z is now a billionaire, according to Forbes’s latest report on the rapper’s worth.

Forbes has detailed his various money making ventures including music which he wholly owns, art collection, streaming service TIDAL, label & management company Roc Nation, cognac D’Ussé, investments in real estate and more. They say that it “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.”

Jay-Z’s cash and investments come to a total of $220 million; his stake in liquor brands D’Ussé and Armand de Brignac totals $410 million; his music streaming platform, Tidal, tallies at $100 million; Roc Nation follows with $75 million; his music catalog rakes in $75 million; his art collection, $70 million; finally, his real estate investments totals $50 million.

Forbes senior editor and Jay-Z biographer Zack O’Malley Greenburg agrees with Swizz, telling VIBE: “Jay-Z’s journey is the modern-day embodiment of the American dream. His ascent offers an invaluable blueprint and inspiration to the next generation of entrepreneurs.”

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