Jay-Z has now become the first rapper to become a billionaire.
“It’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so,” Forbes said.
Forbes’ breakdown indicated that the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts of investments at well over $200 million (including a large stake in Uber).
Forbes said the reason Jay-Z’s wealth went all up on the table is his new business interest in alcohol.
His streaming service, Tidal allegedly supplies about $100 million of his net worth, just behind his cognac D’Ussé.