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Jay-Z is officially the first hip-hop artist to become a billionaire, this is according to Forbes new cover story. In the article, it is revealed that Jay-Z “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.”jay-z billionaire‘’It also 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

Forbes came to this conclusion and calculated Jay’s fortune by looking at the artist’s stakes in companies like Armand de Brignac champagne — applying our customary discount to private firms — then added up his income, subtracting a healthy amount to account for a superstar lifestyle,” which were then vetted by “a roster of outside experts.”

Below are some of Jay-Z’s stake in some companies

Armand de Brignac champagne

$310 million

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

Read also: Jay Z & Beyonce Surprise Fan With 100k Scholarship During Live Concert

 

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