Self-Made: Jay-Z Officially Named Hip-Hop’s First Billionaire

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VIRGINIA BEACH, VIRGINIA - APRIL 27: Jay-Z performs onstage at SOMETHING IN THE WATER - Day 2 on April 27, 2019 in Virginia Beach City. (Photo by Craig Barritt/Getty Images for Something in the Water)

Jay-Z’s journey is the modern-day embodiment of the American dream.”

It’s official – Forbes has officially declared Jay-Z hip-hop’s first billionaire.

Hov has reportedly accumulated a fortune that totals $1 billion, making him the first musician in hip-hop to do so. He is also one of only a few entertainers to achieve that feat. According to Forbes, Jay’s empire was built through various deals in liquor (Armand de Brignac and D’Ussé), cash investments, art collections, real estate, streaming services, his record label, and music catalog.

Jay-Z’s cash and investments come to a total of $220 million; his stake in liquor brands D’Ussé and Armand de Brignac totals $410 million; his music streaming platform, Tidal, tallies at $100 million; Roc Nation follows with $75 million; his music catalog rakes in $75 million; his art collection, $70 million; finally, his real estate investments totals $50 million.

Some may assume that Dr. Drealready achieved billionaire status a couple of years ago, but that isn’t entirely true. According to Forbes, Dre sold his brand, Beats by Dr. Dre to Apple for $3 billion. While his company is worth billions, Dre’s personal net worth is $850 million.

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