Jay-Z is first hip-hop artist to become a billionaire, according to the new cover story in Forbes.
The magazine surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.”
It also notes that he built his own brands: the Rocawear clothing line (sold for $204 million in 2007); D’Ussé, a cognac he co-owns with Bacardi; Tidal, the music-streaming service; and his multifaceted Roc Nation music and sports empire.
The breakdown of his assets are;
-Armand de Brignac champagne
$310 million
-Cash & investments, including a stake in Uber worth an estimated $70 million
$220 million-D’Ussé cognac – $100 million
-Tidal streaming service – $100 million
-Roc Nation – $75 million
-Music catalog – $75 million
-Art collection – $70 million-Real estate – $50 million