JAY-Z Is Hip Hop’s First Billionaire Here Is How He Did It
June 6, 2019
JAY-Z is officially the first billionaire rapper.
For years, Diddy and JAY-Z have been going neck on neck in their race to a billion dollars net worth, until Dr. Dre joined them two years ago. Forbes is now reporting that Hov is the first hip hop artist to cross the billion-dollar mark and the rap titan did it through a plethora of business investments, touring, and music sales. His empire includes investments in art, liquor, real estate, and other investments.
Back in 2007, JAY-Z sold his clothing brand Rocawear to Iconix for $204 million. His current assets includes $310 million in Armand de Brignac champagne, investment in TIDAL worth $100 million, $75 million from Roc Nation, his music catalog is worth $75 million, he has $70 million in art collection, $50 million in real estate, and $220 million investment in Uber. JAY-Z’s real estate holdings include a $88 million Bel-Air estate and a $26 million East Hampton mansion.