According to Forbes, Jay Z has recently become the first billionaire hip hop artist. Totaling all of Jay Z’s income from his involvement in the recording industry, liquor, art and more, the magazine conservatively estimates that his net worth $1 billion.
Unlike other Forbes reports on celebrities total earnings, this report breaks down that $1 billion into Jay’s various ventures.
Apart from amassing $75 million for his music catalogue, Jay Z holds a $310 million stake in his luxury champagne brand Armand de Brignac, and another $100 million in his cognac brand U’Esse.
The Brooklyn rapper sold his clothing line Rocawear for $204 million in 2007 and his cash portfolio holds $220 million, which includes a $70 million investment in Uber.
And as mentioned, Jay Z is known for his extensive art collection, which is estimated to be worth $120 million.
Congrats to Hova…I imagine it won’t take another 49 years to reach $2 billion.
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