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 entrepreneursSwizz Beatz
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.