Jay Z Emerge First Hip-Hop Artist To Become A Billionaire

According to the new cover story in Forbes, Jay-Z is the first hip-hop artist to become a billionaire.

The magazine surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.”

READ ALSO:  Jay Z Wants Travis Scott Remove From Super Bowl Gig

Also, it notes that he built his own brands: the Rocawear clothing line (sold for $204 million in 2007); D’Ussé, a cognac he co-owns with Bacardi; Tidal, the music-streaming service; and his multifaceted Roc Nation music and sports empire.

Below is the breakdown of his assets;

READ ALSO:  Forbes Reveals How Apple's New iPhones Is Having A Serious Design Problem

-Armand de Brignac champagne
$310 million

-Cash & investments, including a stake in Uber worth an estimated $70 million
$220 million

-D’Ussé cognac
$100 million

-Tidal streaming service
$100 million

-Roc Nation
$75 million

-Music catalog
$75 million

-Art collection
$70 million

-Real estate
$50 million

READ ALSO:  List Of America’s Wealthiest Celebrities In 2018

Jay Z Emerge First Hip-Hop Artist To Become A Billionaire