Jay-Z Becomes First Hip Hop Artist to Become a Billionare

 

Jay-Z told us already, "I'm not a businessman I'm a Business...man" and he wasn't playing as he has become the first hip hop artist to become a billionaire.

Forbes made this announcement and detailed his rise to his billions here and broke down what makes up the king of hip hops riches and looks a little something like this

Armand de Brignac

$310 million

Armand-de-Brignac-bottles

Jay-Z has used his music to shill the $300 gold bottles of the "Ace of Spades" champagne since launching the brand with the 2006 video “Show Me What You Got." More recently, his verse on Meek Mill’s “What’s Free" put a half-billion-dollar value on the wine, which seems like a bit too bubbly a number.

Jay-z-rule

Cash & investments

$220 million

A vast investing portfolio includes a stake in Uber worth an estimated $70 million. Hereportedlypurchased his piece for $2 million back in 2013—and then wired founder Travis Kalanick another $5 million in an attempt to increase his holdings, but was rebuffed.

Jay-z-rule

D’Ussé

$100 million

Jay-Z’s cognac, a joint venture with beverage giant Bacardi, moves almost 200,000 cases and has grown nearly 80% annually. “Jay-Z resonates with consumers who are attracted to the ultra-premium lifestyle," says Eric Schmidt, Beverage Marketing Corp.’s Director of Alcohol Research.

Tidal

$100 million

In 2015, Jay-Zsubmitteda bid to purchase the Scandinavian streaming service’s parent company for just shy of $60 million. He relaunched Tidal later that year with a roster of celebrity investors including his wife, Beyoncé, and other music luminaries, from Kanye West to Calvin Harris.

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