Jay Z ‘Shawn Carter becomes the first Billionaire in Hip Hop history.

American rapper, Jay-Z, has officially become the first hip-hop star to become a billionaire,  according to the new cover story in Forbes.

The article highlights a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed.

Less than 10 years later, the magazine surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.”

It also notes that he realized that he should build his own brands rather than promote someone else’s.

Jay-Z’s primary holdings are:

Armand de Brignac champagne (Ace of Spades)
$310 million
Cash & investments (including a stake in Uber, worth an estimated $70 million)
$220 million
D’Ussé cognac
$100 million
Tidal streaming service
$100 million
Roc Nation
$75 million
Music catalog
$75 million
Art collection
$70 million
Real estate
$50 million

eastcoastprince

Justin C Ifeanyichukwu also known as Eastcoastprince or ECP is a Nigerian blogger, writer and digital media strategist. He holds a bachelor’s degree in Microbiology Technology from the University Of Port Harcourt, Nigeria. He is the founder and Chief executive officer of the viral content website “Storyteller Nigeria”.

Leave a Reply

Your email address will not be published. Required fields are marked *