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Reading: JAY-Z BECOMES HIP-HOP’S FIRST BILLIONAIRE, ACCORDING TO FORBES.
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Afrobeating > Music > JAY-Z BECOMES HIP-HOP’S FIRST BILLIONAIRE, ACCORDING TO FORBES.
Music

JAY-Z BECOMES HIP-HOP’S FIRST BILLIONAIRE, ACCORDING TO FORBES.

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Last updated: 2019/06/03 at 10:42 PM
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Music Mogul, Jay–Z is now, according to a new Forbes magazine, the first rapper to amass a fortune in the ten-figure range.

“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 artiste to do so,” the magazine said.

Forbes breakdown indicated that the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts investments at well over $200 million (including a large stake in Uber).

  • Jay-z

Forbes said that the reason Jay-Z’s wealth went all up on the table due to his new business interest in alcohol.

His streaming service Tidal allegedly supplies about $100 million of his net worth, just behind his cognac D’Ussé.

Jay-Z, recently gave a special performance to celebrate the re-opening of the celebrated NYC venue Webster Hall.

He and wife Beyoncé were recipients of the Vanguard Prize at the GLAAD Awards in March.

(NAN)

malcolmsfinal June 3, 2019 June 3, 2019
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