Jay-Z Named Forbes's 1st Rapper Billionaire

If you were considering hanging your boots as an entertainer, you may want to reconsider that move after reading this. American Rapper and businessman Sean Carter aka Jay-Z has recently been named the first rapper billionaire. Jay-Z has investments in beverage production, huge steaks in tech eg shares in Uber and Tidal, real estate fashion, music and art. His largest investment are, his cash investments in other companies an investment worth $220 Million and his champagne brand Armand de Brignac worth a staggering $310 Million.

In coming up with his net worth Forbes magazine had this to say.

To calculate his net worth, we looked at the artist’s stakes in companies like Armand de Brignac champagne, applying our customary discount to private firms. (He owns 100% of Armand de Brignac and has partial ownership of the other companies.) Then added up his income, subtracting a healthy amount to account for a superstar lifestyle. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. Turns out, Jay-Z really is a business, man.

No other entertainer has become a billionaire since the beginning of time making Jay-Z the first in this field Dr Dre is a close second on the richest rappers list.

More: Forbes Magazine