Jay-Z Makes History As Hip-Hop’s First Billionaire
The rapper’s assets in fashion, music and art have pushed him past the billion-dollar mark, according to the magazine.
The rapper and businessman has made history as hip-hop’s first billionaire, according to a new Forbes cover story published on Monday. The magazine conservatively estimates his fortune totals more than $1 billion.
Apart from his two-plus-decade music career that boasts a $75 million catalog, a host of high-grossing tours, his own record label and streaming service, the rapper has made major money moves in the art, fashion, liquor and tech sectors.
The report claims the Brooklyn-born entertainer holds a $310 million stake in the luxury champagne brand Armand de Brignac, which he acquired in 2014, as well as another $100 million in his cognac label D’Ussé that reportedly continues to grow 80% each year.