JAY-Z officially named rap’s first billionaire
According to a new report by Forbes, JAY-Z‘s fortune has now surpassed $1 billion, officially crowning the legendary mogul hip-hop’s first billionaire. How HOV became hip-hop’s most paid man is no secret through—the rapper’s famed 23-year come up has been well documented across 18 studio LPs, canonizing the story of a Brooklyn drug dealer that changed the course of music history in America.
JAY’s first major moves included the launch of Roc-A-Fella Records and Rocawear in the late 1990’s, and over the course of an illustrious quarter-century career his ever-expanding portfolio has come to include investments in high-end spirits like his co-venture with Bacardi, D’Ussé, his champagne brand Armand de Brignac, Uber, and of course his streaming platform, TIDAL which he purchased in 2015.
Forbes calculates that the 4:44 rhymer has $75 million invested in Roc Nation as well as an additional $75 million in his own music catalog. TIDAL accounts for a $100 million investment. According to the report, JAY’s real estate holdings total $50 million and his art collection is worth more than $70 million. Now, HOV’s iconic line on Kanye‘s 2005 “Diamonds From Sierra Leone” remix rings truer today than ever—“I’m not a businessman; I’m a business, man.”
Via: Forbes
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