Jay Z Officially the first billionaire rapper, See how!

0
164
Jay-Z

Born in December 4, 1969 in New York City, Shawn Corey Carter popularly known as Jay Z probably didn’t know that he will rise up to be one of the most iconic figures in the hip hop industry. With over 100 million records sold world wide and bagging a total of 22 Grammy awards, the most to have ever been won by a rapper. In addition, he holds the record for the most number-one albums by a solo artist to grace the Billboard 200 with a total of 13 albums.

Other than having a booming career in music, Jay Z is also a very successful entrepreneur with an empire that is built on different businesses like record labels, clothing lines, real estate, beverages and so much more. He also invested $200 million in a New York based wine and spirits company, Armand de Brignac for a one hundred percent stake. Which makes it the second alcoholic product in his financial investments.

In a new Forbes cover story Jay Z has been named the first ever billionaire rapper. This comes as no surprise seeing as he is evidently very committed to all his various ventures which the magazine values at a whooping $1 billion. He is not only the only rapper to have risen to such impeccable heights but one in a handful of entertainers who have claimed such status.

His top bragworthy investments include: Armand de Brignac with an investment of $310 million, cash and investments that are worth $220 million that include a stake in Uber worth $70 million. D’Usse which is a joint venture with Bacardi the beverage giant valued investment of $100 million. Real estate valued at $50 million, art collection valued at $70 million, Roc Nation an entertainment company that is wide ranged valued at $75 million, tidal and music catalog valued at $100 million and $70 million respectively.