Jay Z Is Officially Hip-Hop’s First Billionaire
Forbes has officially declared Jay-Z hip-hop’s first billionaire.
According to Forbes, Jay’s empire was built through various deals in liquor (Armand de Brignac and D’Ussé), cash investments, art collections, real estate, streaming services, his record label, and music catalog.
Jay-Z’s cash and investments come to a total of $220 million; his stake in liquor brands D’Ussé and Armand de Brignac totals $410 million; his music streaming platform, Tidal, tallies at $100 million; Roc Nation follows with $75 million; his music catalog rakes in $75 million; his art collection, $70 million; finally, his real estate investments totals $50 million.
You may be thinking to yourself, what about Dr.Dre who sold his brand, Beats by Dr. Dre to Apple for $3 billion. It’s true his company is worth billions, but Dre’s personal net worth is actually worth $850 million.
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