Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

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

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

Cash & investments (including a stake in Uber, worth an estimated$70 million) – $220 million

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

D’Ussé cognac – $100 million

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

Tidal streaming service – $100 million

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

Roc Nation – $75 million

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

Music catalog – $75 million

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

Art collection – $70 million

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

Real estate – $50 million

Jay Z Becomes The First Hip Artiste To Earn The Billionaire Status

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