Jay-Z has become hip-hop’s first ever billionaire, Forbes has announced.
The rapper’s empire “conservatively” totals $1 billion after valuing his various ventures, plus his real estate and art collection, the business magazine said.
He has joined just a handful of entertainers who have gained billionaire status, and is the first hip-hop artist to claim such a fortune, Forbes added.
Real name Shawn Carter, Jay-Z grew up in one of New York’s roughest neighbourhoods and was a drug dealer before becoming a musician.
He once declared: “I’m not a businessman – I’m a business, man”.
In a Forbes cover story, it has now been revealed that Jay-Z’s music rights alone are collectively worth $75 million.
His entertainment company Roc Nation is also worth $75 million.
Some of the rapper’s most valuable holdings include his $310m ownership of Armand de Brignac champagne and a $100m stake in D’Ussé cognac.
Jay-Z has $50 million in real estate and a $70 million investment in ride-hailing app Uber.
As a couple, he and his wife Beyoncé were given billionaire status by Forbes two years ago.