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.”
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;
-Armand de Brignac champagne
-Cash & investments, including a stake in Uber worth an estimated $70 million
-Tidal streaming service