JAY-Z Is Now A Billionaire
JAY-Z has officially become a billionaire. According to Forbes, the rapper has accumulated a fortune that has amounted to $1 billion — making him the first rapper to do so. JAY’s empire includes liquor, art, real estate and investments.
Forbes has calculated his assets, which includes $310 million from his Armand de Brignac champagne, $220 million for cash and investments in companies like Uber, $100 million from his D’Ussé cognac with Bacardi, $100 million from TIDAL, $75 million from Roc Nation, $75 million from his music catalog, $70 million from his art collection, and $50 million from real estate, including a $26 million East Hampton mansion and a $88 million Bel-Air estate.
JAY’s friend and collaborator, Swizz Beatz, said, “It’s bigger than hip-hop … it’s the blueprint for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us. If he’s a billionaire now, imagine what he’s about to be. Because he’s only just starting.”