Forbes names Jay Z the “first billionaire rapper”

Jay-Z once rapped “I’m not a businessman, I’m a business, man.” Turns out he was right.

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The superstar rapper is also a fashion trendsetter, a streaming music mogul, a sports management company owner and Mr Beyonce Knowles.

All that has helped him to become the first billionaire rapper, according to Forbes.

“Less than a decade later, it’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so,” Forbes’ Zack O’Malley Greenburg writes.

The media company ticked through the various businesses that Jay-Z, whose real name is Shawn Carter, either owns or has a stake in, including:

a $70 million stake in Uber
his ownership of the streaming service Tidal
his $70 million art collection
his ownership of the Roc Nation sports management company
$50 million in assorted real estate holdings and his music catalogue.

 

(Ladun Liadi)

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