Music Mogul, Jay–Z is now a billionaire, according to a new Forbes magazine, making him the first rapper to amass a fortune in the ten-figure range.
“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,” the magazine said.
Forbes breakdown indicated that the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts investments at well over $200 million (including a large stake in Uber).
Forbes says the reason Jay-Z’s wealth went all up on the table is his new business interest in alcohol.
His streaming service Tidal allegedly supplies about $100 million of his net worth, just behind his cognac D’Ussé.
Jay-Z recently gave a special performance to celebrate the re-opening of the celebrated NYC venue Webster Hall.
He and wife Beyoncé were are recipients of the Vanguard Prize at the GLAAD Awards in March.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...