Rapper Jay-Z becomes the first artist from the world of hip-hop to join the very exclusive club of billionaires. According to Forbes magazine, all of the artist’s investments and assets, including a collection of works of art, real estate, a brand of champage and Cognac, as well as shares in various businesses such as Uber or Tidal, represent “a fortune reaching the billion dollars”. From the Brooklyn HLM deal to the rank of emeritus businessman and now billionaire, Jay-Z illustrates the perfect success story made in the USA. “If he’s a billionaire now, imagine what he’ll be soon (…) Because he’s only just getting started,” said his friend, producer Swizz Beats..
Jay-Z becomes the first hip-hop artist to become a billionaire
Real name Shawn Carter, Jay-Z came from the social housing projects in the Marcy neighborhood of Brooklyn, which legend has it that he had his teeth in trafficking illicit substances. A gifted rapper, he began by selling his albums on his own, for lack of structure, then finally released his first album Reasonable Doubt in 1996, which quickly made him known to the general public. He will then set up his label Roc-A-Fella Records which will produce many other artists, as well as the clothing brand Rocawear then will become a minority shareholder of the Brooklyn Nets basketball club..
Billion-dollar Brooklyn HLMs, Jay-Z’s American success story
A father of three and married to singer Beyoncé alone weighing $ 355 million, Jay-Z is today the richest artist in American music. First linked directly or indirectly to the world of rap, his fortune has continued to grow with his varied but always wise investments. His Armand de Brignac champagne and D’Ussé cognac, as well as his stake in Uber and the launch of his own streaming service called Tidal, have greatly contributed to bringing Jay-Z into the closed world of billionaires..
Along with his investments in the music industry, Jay-Z developed his fortune through capital invested in various businesses
In the ranking of the richest rappers, the Brooklyn rapper thus flies over another big name in rap business, P. Diddy, endowed for his part with a fortune that has never reached the billion mark, but still estimated at a few. $ 820 million. Dr Dre closes the podium with his $ 740 million, from his long career as a rapper and producer, but also from the sale to Apple in 2014 of his high-end headphones company Beats By Dre, for 3 billion $
Jay-Z’s fortune thus exceeds those of P. Diddy and Dr Dre.