Connect with us

The Hollywood Unlocked

Jay-Z Is Officially A Billionaire!

Photo Credit: Instagram/ Beyoncé

Featured

Jay-Z Is Officially A Billionaire!

Jay-Z Is Officially A Billionaire!

Socialites, we have some amazing news to share: legendary rapper and businessman Jay-Z is now officially a billionaire — the first hip-hop artist to become one, according to Forbes!

RELATED: JAY-Z’s Foundation Launches HBCU College Bus Tour

Throughout his career we’ve seen Jay-Z dominate the music industry and transform into a well-respected business mogul. Those who have followed his journey always wondered when he would join the billionaire club and it looks like it finally happened. Forbes first shared the exciting news and also
broke down how the 49-year reached this huge accomplishment.

“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—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,” Forbes wrote.

From there, they listed his major assets, which are as follows: Armand de Brignac champagne ($310 million), cash and investments including a stake in Uber worth an estimated $70 million ($220 million), D’Ussé cognac ($100 million), Tidal streaming service ($100 million), Roc Nation ($75 million), music catalog ($75 million), art collection ($70 million), and real estate ($50 million).

Fans quickly took to social media to share their excitement over the news. One tweeted,

“Jay Z just became the first billionaire rapper. I’m so speechless right now. Another said, #JayZ Hov! 🙌 #MondayMotivation My Hero! Excellence. What’s better than One #Billionaire, Two. ✌🏽😎 #ForbesWhenYouKnowYouMadeit. “

Congrats!

Press Play Below For More:

RELATED: Jay-Z To Reopen New York’s Webster Hall With ‘B-Sides’ Concert

Source

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Featured

Exclusive

Trending

Contributors

To Top
close