Written by Raven Gaines
This just happened Forbes has officially declared Jay-Z hip-hop’s first billionaire.
Jay -Z is the coolest rapper in the game, it has been reported that his fortune totals to $1 billion, making him the first musician in hip-hop to do so. He is also one of only a few entertainers to achieve that feat. Jay’s empire was built through various deals in liquor Armand de Brignac and D’Ussé, cash investments, art collections, real estate, streaming services, his record label, and music catalog.
His cash 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.
It’s been said that others may assume that Dr. Dre already achieved billionaire status a couple of years ago, but that isn’t entirely true. According to Forbes, Dre sold his brand, Beats by Dr. Dre to Apple for $3 billion. While his company is worth billions, Dre’s personal net worth is $850 million.