Jay Z is 1st rapper to become a billionaire.
The hip-hop mogul is officially a billionaire, as Forbes reveals that his fortune conservatively totals $1 billion, making him one of the few entertainers to ever reach the billionaire status.
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The breakdown of his ventures include real estate, an art collection, and businesses such as Tidal and Roc Nation.
“Less than a decade later, 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,” Forbes’ Zack O’Malley Greenburg writes.
The media company ticked through the various businesses that Jay-Z, whose real name is Shawn Carter, either owns or has a stake in, including:
- a $70 million stake in Uber
- his ownership of the streaming service Tidal
- his $70 million art collection
- his ownership of the Roc Nation sports management company
- $50 million in assorted real estate holdings and his music catalog.
And being married to uber-superstar Beyonce, worth an estimated $355 million herself, doesn’t hurt.
In 1996, Jay-Z became a household name when he released his debut album, “Reasonable Doubt,” on his independent label, Roc-A-Fella Records, CNN reports.
Since then, the 49-year-old — who has rapped about his unconventional rise from Brooklyn street corners to corporate boardrooms — has continued to expand his portfolio to include smart investments inside and outside of music.
