Jay-Z Becomes First Hip-Hop Billionaire
Rapper Jay-Z has officially being tagged a Billionaire according to Forbes report on the rapper’s worth, the entertainer/mogul fortune has now totaled the $1 billion mark, becoming for first Hip-Hop figure to accomplish this feat.
Forbes has detailed his various money making ventures including music which he wholly owns, art collection, streaming service TIDAL, label & management company Roc Nation, cognac D’Ussé, investments in real estate and more. They say that it “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.”
We have seen the likes of Puff Daddy congratulating the rapper on social media and has also being described as by one of his close friends and producer Swizz Beats blueprint for our culture during his interview with forbes.
“it’s the blueprint for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us.”
According to forbes they looked at the artist’s stakes in companies like Armand de Brignac champagne, applying our customary discount to private firms. (He owns 100% of Armand de Brignac and has partial ownership of the other companies.) Then added up his income, subtracting a healthy amount to account for a superstar lifestyle. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. In other to get a comprehensive figure
Owner and Editor at 8o8wave, A dedicated Hip-Hop writer and music lover, just out here to show love and get the bag.