Well y’all, he did it! Jay-Z is now a BILLIONAIRE! According to Forbes, Jay-Z is the first hip-hop artist to reach billionaire status.
Jay’s net worth is officially in the 3-comma club, according to a new Forbes report that totaled all of his income from multiple business ventures and subtracted “a healthy amount to account for a superstar lifestyle.”
When it’s all said and done, here’s a breakdown of the value of his stakes in the empire he’s created:
— $310 million for Armand de Brignac champagne
— $220 mil in cash and investments, including a $70 million stake in Uber
— $100 mil for D’Usse cognac
— $100 mil for Tidal
— $75 mil for Roc Nation
— $75 mil for his music catalog
— $70 mil art collection
— $50 mil in real estate
Note: This does NOT include his superstar wife Beyoncé’s net worth. She brings in a whopping $500+ by herself.
According to TMZ, Jay’s claim as the first hip-hop billionaire could be contested by one Dr. Dre, who said he’d accomplished the feat way back in 2014 after his $3.2 billion deal with Apple but Forbes said Dre jumped the gun and was only worth $800 million at the time.
Sorry, Dre. We’re sure you’ll have this status soon enough but as of now Jay officially holds this crown. Congratulations Jay-Z!
