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Jay-Z Becomes the First Billionaire Rapper

Hova's hard-knock life is long behind him

jay-z blueprint library of congress
JAY-Z’s Blueprint
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    Jay-Z’s hard-knock life is long behind him.

    According to Forbes, the Bedford-Stuy rapper, songwriter, producer, entrepreneur, and record executive born Shawn Carter is the first hip-hop artist to become a billionaire. The cover story surveys his entire media empire, from Roc Nation to Rocawear to Tidal to D’Ussé, which they determinate “conservatively totals $1 billion.”

    More specifically, they studied “the artist’s stakes in companies like Armand de Brignac champagne — applying our customary discount to private firms — then added up his income, subtracting a healthy amount to account for a superstar lifestyle.” They then vetted the results with a “a roster of outside experts.”

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    You can see the complete breakdown below and read the full report here. For those asking, Diddy and Dr. Dre rank as the second and third wealthiest rappers, with a net worth of $820 and $770 million, respectively.

    Armand de Brignac champagne
    $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

    Needless to say, this song seems all the more appropriate as of this morning:

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