Forbes names Jay Z as Hip Hop’s first billionaire
According to Forbes,United States rapper, Shawn Carter, better known as Jay Z has become the first hip-hop artist to hit the billionaire status.
In a Forbes cover story article, they 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 surveyed Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determined that it “conservatively totals $1 billion.”
Jay-Z’s primary holdings are:
Armand de Brignac champagne (Ace of Spades)
Cash & investments (including a stake in Uber, worth an estimated $70 million)
Tidal streaming service