Jay-Z is officially hip-hop’s first billionaire

National
Jay-Z_1535365078453.jpeg

SAN FRANCISCO (KRON) – Jay-Z is the first hip-hop artist to become a billionaire, according to Forbes. 

In an article published Monday, Forbes said Shawn Jay-Z (real name Shawn Carter) has amassed a billion-dollar empire which encompasses his music, streaming service, liquor, art, real estate and stakes in other companies. 

Forbes also notes his brands Rocawear clothing, D’Usse cognac (which he co-owns with Bacardi), and Tidal, the music streaming service, and his Roc Nation music and sports empire. 

Forbes calculated Jay-Z’s net worth by “looking at the artist’s stakes in companies like Armand de Brignac champagne,” then “Added up his income, subtracting a healthy amount to account for a superstar lifestyle,” which was then vetted by “a roster of outside experts.”

Here are his reported primary holdings: 

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

You can read the full report on Forbes here. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

LIKE US ON FACEBOOK

FREE News & Weather Apps

Storm Track 8 Weather App

Download Now:

WISH-TV News App

Download Now: