Brooklyn stand up! Jay-Z has made history and becomes hip-hop’s first billionaire.
Jay-z, whose real name is Shawn Carter, has become hip-hop’s first ever Billionaire. According to Forbes, Jay-Z is worth $1 billion. Jay’s climb to the top stemmed from the many businesses that he owns.
These businesses include stakes in art, real estate, in liquor and even in Uber. It also comes from the various businesses that he owns including Rocawear, which he ultimately sold for more than $200 million in 2007 to Iconic.
The publication also went on to explain how Jay-Z accomplish this HUGE goal. See the list of his investments below.
Armand de Brignac: $310 million; D’Usse: $100 million m; Cash and Investments:$200 million; Tidal: $100 million; RocNation: $75 million; Music Catalog: $75 million; Art Collection: $70 million; Real Estate: $50 million.
The 22-time Grammy winner has the entire hip-hop and black community really proud and inspired. Congratulations Jay!
