According to Forbes, American Rapper Jay-Z is now a billionaire, making him the first hip-hop artist to achieve this
Jay-Z achieved billionaire status through his multiple business ventures both inside and outside of music. This makes Jay-Z one of the few entertainers who have achieved billionaire status and “the first hip-hop artist to do so.”
Jay-Z is involved in almost everything, from art, to real estate, stakes in major companies like Uber, and even liquor.
The rapper’s brand D’Ussé is officially worth $100 million, while his streaming service Tidal is also worth $100 million. His entertainment company Roc Nation is worth $75 million, and his classic music catalog is also worth $75 million.
“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—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.
Forbes calculated Jay-Z’s worth 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