Jay Z used to have 99 problems… but now money ain’t one either. Everyone knows that Jay-Z one of the most successful hip-hop artists of all time.
Now he’s celebrating “the minute you was having dough” because he’s got a lot of it.
The rapper and business mogul has now achieved a net worth of $1 billion.
So if you “understand the intelligence that Jay-Z has,” then you’re probably not surprised. Beyoncé surely recognized it long before the rest of the world did, and knew she had found someone “Irreplaceable.”
But it wasn’t Jay-Z’s music catalog music or concert ticket sales that have contributed to the majority of the rapper’s wealth – it was mostly his business ventures.
Jay-Z’s top earnings come from sources such as: $310 million for Armand de Brignac champagne; $220 mil in cash and investments, which includes a $70 million stake in Uber; $100 mil for D’Usse cognac; $100 mil for Tidal; $75 mil for Roc Nation.
Still, the earnings from Jay-Z’s actual music catalog is nothing to sneeze at, reportedly raking in around $75 million.
Additional noteworthy sources of income for Jay-Z are: $75 mil for his music catalog, $70 mil art collection, and $50 mil in real estate.
Adding up all of the above income sources, they combine to total a cool $1 billion!
Mr. Carter has become the first billionaire of hip-hop, according to countless sources. Though there was a bit of dispute over whether or not Dr. Dre had beat him to the punch. Forbes, however, dispelled any confusion surrounding the narrative that Dre was first. (Dr. Dre is allegedly worth around $850 million.) And no, Diddy hasn’t made it to the billionaire’s club either.
According to Black Enterprise, Jay-Z is also the fifth black billionaire in the U.S., and that’s not even factoring in his wife’s net worth. (Beyoncé is estimated to be worth around $355 million.)
Others on the list of black billionaires include Oprah Winfrey and Michael Jordan.