Jay Z Becomes First Hip Hop Artist To Become Billionaire
Jay Z has had 99 problems but money is not one of them, according to Forbes, the rapper is the first from hip hop to reach a billion dollars in worth. Via TMZ:
Jay-Z's got something else to brag about -- he's the first hip-hop artist to be worth ... ONE BILLION DOLLARS.
Jay's net worth is officially in the 3-comma club, according to a new Forbes report that totaled all of his income from multiple business ventures and subtracted "a healthy amount to account for a superstar lifestyle."
When it's all said and done, here's a breakdown of the value of the empire he's created:
-- $310 million for Armand de Brignac champagne
-- $220 mil in cash and investments, including a $70 million stake in Uber
-- $100 mil for D'Usse cognac
-- $100 mil for Tidal
-- $75 mil for Roc Nation
-- $75 mil for his music catalog
-- $70 mil art collection
-- $50 mil in real estate
Add it up ... and that's a cool billion. Needless to say, this doesn't include the net worth of his other half, Beyonce. The couple has been worth more than a billion combined for quite some time now.
Of course, Jay's claim as the first hip-hop billionaire could be contested by one Dr. Dre, who said he'd accomplished the feat way back in 2014 after his $3.2 billion deal with Apple.
Forbes said Dre jumped the gun though, and was only worth $800 million at the time.