American rapper, Shawn Carter popularly known as Jay-Z, has become the first hip-hop artist to reach the billionaire status, according to the new cover story in Forbes.
The article talked about a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed.
Less than 10 years later, the magazine surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.”
It also notes that he realized that he should build his own brands rather than promote someone else’s.
Jay-Z’s primary holdings are:
Armand de Brignac champagne (Ace of Spades) – $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