JayZ Officially Reaches Billionaire Status – Forbes (NEWS)

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    Read News Officially Reaches Billionaire Status – News

    American rapper, Jay-Z, has become the first hip-hop artist to reach the billionaire status, according to the new cover story in .

    The article 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 surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.”

    It also notes that he realized that he should build his own brands rather than promote someone else’s.

    Jay-Z’s primary holdings are:

    Armand de Brignac champagne (Ace of Spades)
    $310 million
    Cash & 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
    Real estate
    $50 million


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