This has made him the first 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 breakdown by Forbe’s, the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts of investments at well over $200 million (including a large stake in Uber).
Jay-z’s wealth also sky rocketted when he developed interest in alcohol business.
Tidal, his streaming service, also allegedly supplies about $100 million of his net worth, just behind his cognac D’Ussé.
Source: Naija News