Jay-Z makes history as first rapper to become a billionaire
Shawn Corey Carter (born December 4, 1969), better known by his stage name JAY–Z (formerly Jay–Z and Jay Z), is an American rapper, record producer and entrepreneur. He is the former CEO of Def Jam Recordings and Roc-A-Fella Records. Jay–Z co-owns The 40/40 Club and the Brooklyn Nets NBA team.
Jay-Z has allegedly left a mark on the world as the principal rapper to turn into a very rich person.
The hip-jump craftsman’s fortune presently “moderately beat $1bn” (£792m), as per another report discharged by Forbes on Monday.
Only two years prior, the magazine exhibited Jay-Z and Diddy as being “secured a fight” in the race to collect their initial billion.
Per Forbes’ appraisals, Jay-Z’s riches is reinforced by endeavors, for example, his champagne image Armand de Brignac (worth an expected $310m/£245m) and the membership based substance sharing stage Tidal (with an expected worth of $100m/£79m).
Swizz Beatz, Jay-Z’s good friend and producer of many of his hits, says: “It’s bigger than hip-hop … it’s the blueprint for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us.”
Another contributing factor is the rapper’s reported “cash and investments”, which total an estimated $200m (£158m). His music catalog adds an estimated $75m (£59m).
In 2017, Jay-Z came second in Forbes‘s ranking of the world’s five richest rappers, with an estimated net worth of $810m (£641m). Diddy occupied the first spot with $820m (£650m). Jay-Z’s Networth.