For YEARS Jay-z and Diddy traded places atop FORBES TOP earning HIP HOP artists,and now JAY-Z has another ACCOLADE to be thankful for. JAY Z makes history becoming HIP HOP’s FIRST CERTIFIED BILLIONAIRE!
We know Shawn Carter hs his hands in a lot of BUSINESS DEALS, but just how did he CRACK that BILLIONAIRE status!? Let’s follow the MONEY TRAIL shall we!??
Jay-Z joins the ranks of the likes of Jeff Bezos, Bill Gates, Warren Buffett, Michael Bloomberg, Carlos Slim Helu, Mark Zuckerberg, and Kylie Jenner.
While being a billionaire is an impressive accomplishment, Jay Z is also a member of an even smaller group of black billionaires, an even more elite group of American black billionaires, and is the first hip-hop artist to join those impressive ranks.
Carter’s substantial assets include his own $75 million music catalog, a $70 million art collection, $50 million in real estate, stakes in companies like Uber, ownership of the Roc Nation management company, the D’Ussé cognac he co-owns with Bacardi, the Ace of Spades champagne he shares with Armand de Brignac, and of course Tidal, the music-streaming service. He also has 14 No. 1 albums, 22 Grammy awards, and made an estimated over $500 million in pretax earnings in a decade. With all that, he still found time to tour the world with his wife, Beyoncé (worth an estimated $355 million herself).
The title of hip-hop’s first billionaire may be controversial, though, as back in 2014, Dr. Dre claimed he was hip-hop’s first billionaire after selling his stake in Beats Music to Apple. However, as CNN notes, taxes on the blockbuster deal pushed Dre’s net worth below the billion-dollar mark, leaving the honor for Jay Z. [source]