Jay-z becomes first hip-hop billionaire
Music Mogul, Jay-Z is currently, according to a new Forbes magazine, making him the first rapper to amass a fortune at the ten-digit range.
“It’s clear that Jay-Z has gathered a fortune which amuses totals $1 billion, which makes him one of just a couple of entertainers to be a billionaire–and the first hip-hop artist to accomplish this,” the magazine said.
Forbes breakdown signaled that the rapper’s chief source of wealth is that his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but additionally boasts investments at around $200 million (including a massive stake in Uber).
Forbes says why Jay-Z wealth went all up on the desk is his brand new company interest in alcohol.
His streaming service Tidal supposedly provides about $100 million of his net worth, just behind his cognac D’Ussé.
He and wife Beyoncé were recipients of the Vanguard Prize at the GLAAD Awards in March.