Jay Z Becomes Hip Hop’s First Billionaire

Jay Z Becomes Hip Hop’s First Billionaire

By Debby Wong

photo credit: Debby Wong // Shutterstock

Jay Z has just hit the $1 BILLION mark! Making him the first man in hip hop to do so!

The drug dealer turn musician started his label, Roc-A-Fella Records in 1996, under which he released his debut album Reasonable Doubt. Since then, he has earned 14 number 1 albums, 22 Grammys and now, $1 billion.

Jay owns 100% of his champagne company Armand de Brigand (Ace of Spades), which is worth about $310 million. He has a $70 million stake in Uber, ownership of Tidal streaming service which is about $100 million, a $70 million art collection, $50 million in real estate, his music collection is worth about $75 million, his cognac joint venture with Bacardi is worth about $100 million along with his ownership of Roc Nation sports management company, bringing in $75 million.

Take away message: make investments!

Congrats to Jay Z!

Source: Forbes