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Jay Z Becomes The First Rapper To Hit The Billionaires Status Ahead Of P Diddy

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Shawn Corey Carter, known professionally as Jay-Z, is an American rapper, songwriter, producer, entrepreneur, record executive, and billionaire.
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Jay Z becomes the first Forbes rated Hip Hop Billionaire Artist.

Over a decade ago, world’s richest man Warren Buffet, had lunch with Jay -Z at the Hollywood Diner in Omaha, Nebraska.

The two who were at a very separate and different socioeconomic level conversation was extended to Buffett’s Berkshire Hathaway offices.

That’s what made richest man alive say this, “Jay is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from”

An Edition of the Forbes 400

According to 2010 Forbes 400 package, the Hip Hop inspired Jay-Z already had a blueprint for his own ten-figure fortune.

Forbes has been following Jay-Z moves and a decade later since he first met Buffett, Jay Z has an accumulated fortune worth $1 billion according to Forbes.

Forbes published that Jay-Z’s steadily expansive kingdom of fortune compromised of strong liquor brands, his art, real estate, which included his homes in Los Angeles, the Hamptons, Tribeca and stakes in Uber.

According to forbes, Jay Z was once the Brooklyn’s notorious Marcy drug dealer who later cleaned up to become a musician.

Jay Z started his own label, Roc-A-Fella Records, to release his 1996 debut, Reasonable Doubt.

Forbes records indicate that Jay Z has since produced 14 No. 1 albums, 22 Grammy awards and over $500 million in pretax earnings in less than a decade.

Forbes also published that Jay Z has his own brands which skyrocketed his fortune much faster without any cosign promotions.

Jay Z runs a clothing line Rocawear that started in 1999.

Forbes records indicate that Rocawear has made a profit of $204 million from 2007 alone since it changed to Iconix.

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Forbes also published that co-owns D’Ussé cognac with Bacardi.

According to forbes, Jay Z also own Tidal, a multi-million music-streaming service.

Super producer Kasseem said Jay Z is bigger than hip-hop. He said Jay is a blueprint for the American culture.

“A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us.” Kasseem told Forbes.

Kasseem “Swizz Beatz” Dean, is the super producer behind some of Jay-Z’s biggest hits (“On To The Next One,”

Kasseem also Produced Beyoncé’s worldwide banger “Upgrade U”

According to Forbes, they calculated Jay Z’s net worth by studying his artist’s stakes in companies like Armand de Brignac champagne that Jay Z fully owns.

Forbes published that they applyed US customary discount to private firms, then added up his income, subtracting a healthy amount to account for Jay Z’s superstar lifestyle.

“We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative.” Forbes published.

Jay-Z is a real and massive business man. For instance, Jay Z owns;

Armand de Brignac

Valued at $310 million

File photo of Jay Z owned Amand de Brignac champagne Photo|Forbes

Jay-Z launched the $300 gold bottles of the “Ace of Spades” champagne Brand in 2006 with His Music video “Show Me What You Got.”

Jay Z’s verse on Meek Mill’s “What’s Free” put a half-billion-dollar value on his wine brand.

Cash & investments

Valued at $220 million

According to Forbes, Jay Z investing portfolio in Uber alone is worth over $90 million.

D’Ussé

Valued at $100 million

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D’USSE Cognac Vsop 750 ML Photo|Forbes

Eric Schmidt, Beverage Marketing Corp.’s Director of Alcohol Research said that D’Usse’ moves more that 200,00 cases of liquor and has an 80% annual growth

Tidal
Valued at $100 million

A screenshot of the Tidal App

Jay-Z  purchased the Scandinavian streaming service’s parent company for just $60 million in 2015.

He relaunched Tidal later that year bringing on board his celebrity wife, Beyoncé, and other music millionaire like Kanye West and Calvin Harris.

Roc Nation

Valued at $75 million

According to Forbes, the international entertainment company,Roc a Nation started over a decade ago as part of a joint venture with concert giant Live Nation.

Roc Nation represents top Stars through its sports agencts ,Kevin Durant, Todd Gurley.

It also has a record label and artists management Arm under Rihanna and J. Cole.

Music catalog

Valued at $75 million

A photogrid of Jay Z sampled Albums

According to Forbes, Jay Z negotiated the eventual return of his master recordings from a the label that helped him launch his career.

Before the beginning of his stint as Def Jam’s chief in 2004, Jay Z had a separate deal with EMI he later clawed back his publishing rights.

Currently Jay Z’s hits clock close to a Billion streams annually.

Art collection

Valued at $70 million

Jay-Z boasted about a Basquiat in his kitchen corner In the song “Picasso Baby,”

For over a decade, he’s been collecting masterpieces like Basquiat’s “Mecca,” purchased in 2013 for a reported $4.5 million.

“He’s rapped about it all in detail,” says Fab 5 Freddy, a contemporary and friend of the late painter.

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Real estate

Valued at $50 million

One of Jay Z’s Homes / NEWSCOM

After welcoming twins in 2017, Jay-Z and Beyoncé bought a pair of homes to match: a $26 million East Hampton mansion and a $88 million Bel Air estate.

Also, Jay-Z owns a Tribeca penthouse valued at $66.85 million. He bought it in 2004 for only $6.85 Million.

*All prices and market value are Forbes estimated figures*


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