Forbes announce J-Z as richest rapper ever
American music and business mogul, J-Z, has been named richest musician in the world by Forbes.
This makes J-Z the first ever rapper to become a billionaire.
“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 said.
According to the Forbes, J-Z’s major source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million).
The Beyonce’s hubby, also boasts investments which goes over $200 million (including a large stake in Uber).
Forbes said Jay-Z’s wealth went all up because of his new business interest in alcohol.
Furthermore, His streaming service Tidal reportedly generates over $100 million of his net worth, few behind his cognac D’Ussé.
The rapper gave a special performance to mark the re-opening of the celebrated NYC venue Webster Hall last month.
The couples were guests of the Vanguard Prize at the GLAAD Awards in March