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Jay-Z Officially Named Hip-Hop’s First Billionaire

SANTA MONICA, CA - OCTOBER 11: Jay-Z speaks onstage during the City of Hope Spirit of Life Gala 2018 at Barker Hangar on October 11, 2018 in Santa Monica, California. (Photo by Kevin Mazur/Getty Images for City of Hope)

What a time to be alive for Sean Carter. It is being reported by Forbes that Jay-Z is hip-hop’s first billionaire.

Jay-Z’s journey is the modern-day embodiment of the American dream. His ascent offers an invaluable blueprint and inspiration to the next generation of entrepreneurs

Swizz Beatz
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SANTA MONICA, CA – OCTOBER 11: Jay-Z speaks onstage during the City of Hope Spirit of Life Gala 2018 at Barker Hangar on October 11, 2018 in Santa Monica, California. (Photo by Kevin Mazur/Getty Images for City of Hope)

A total of a $1 billion has been accumulated by Jay Z and it has made him the first rapper to reach such a lofty milestone. According to Forbes, the business maneuvers that included deals in liquor (Armand de Brignac and D’Ussé), cash investments, art collections, real estate, streaming services, his record label, and music catalog have brought him to this monstrous accolade.

Jay-Z’s cash and investments accelerated to a total of $220 million; his stake in liquor brands D’Ussé and Armand de Brignac totals $410 million; his music streaming platform, Tidal, tallies at $100 million; Roc Nation follows with $75 million; his music catalog rakes in $75 million; his art collection, $70 million; finally, his real estate investments totals $50 million.

Dr. Dre is widely known as already achieving billionaire status a couple of years ago, but that is just a rumor. According to Forbes, Dre sold his brand, Beats by Dr. Dre to Apple for $3 billion. While his company is worth billions, Dre’s personal net worth is $850 million.

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