• Home
  • News
  • JAY-Z is the 1st hip-hop billionaire – Forbes
Entertainment News

JAY-Z is the 1st hip-hop billionaire – Forbes

Music Mogul, Jay–Z is now, according to a new Forbes magazine, making him the first rapper to amass a fortune in the ten-figure range.

“It’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so,” the magazine said.

Forbes breakdown indicated that the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts investments at well over $200 million (including a large stake in Uber).

Forbes says the reason Jay-Z’s wealth went all up on the table is his new business interest in alcohol.

His streaming service Tidal allegedly supplies about $100 million of his net worth, just behind his cognac D’Ussé.

Jay-Z, recently gave a special performance to celebrate the re-opening of the celebrated NYC venue Webster Hall.

He and wife Beyoncé were are recipients of the Vanguard Prize at the GLAAD Awards in March.

Related posts

52 reportedly killed in prison riot

Nwafor Sunday

Breaking: Ambode storms Presidential villa to see Buhari

News Beats

Rape case: More shocking revelations emerge on Fatoyinbo

Nwafor Sunday

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy