Jay-Z named the first billionaire rapper

Hip Hop Icon, business man, Superstar and husband to popstar Beyoncé Knowles, Jay-Z, is the first ever billionaire to appear in Forbes magazine with the primary title, ‘rapper’.

In 2005 on Kanye West’s Diamonds From Sierra Leone (Remix) Jigga has a line that states: “I’m not a businessman, I’m a business, man”  years later, turns out he was right.

Jay-Z, whose real name is Shawn Carter grew up in a Brooklyn housing project, he even sold drugs at one point.
Her rose to fame in 1996 with his debut album “Reasonable Doubt.”
His sixth album, 2001’s “The Blueprint,” was added to the Library of Congress’ (in America) National Recording Registry — reserved for albums that are “culturally, historically, or aesthetically significant”

His latest album is titled 4:44 with singles like Smile where he states he cried tears of joy when his mother came out of the closet and 4:44 which is like a big apology to his wife.

Jay-Z - 4:44

4:44

Jay-Z, has various businesses that he is involved in: 

  • a $70 million stake in Uber
  • his ownership of the streaming service Tidal
  • his $70 million art collection
  • his ownership of the Roc Nation sports management company
  • $50 million in assorted real estate holdings and his music catalogue

A real hip hop icon doing big things for black businessmen.

#Hova

Related:

Back in 2014, music mogul Dr. Dre claimed he was hip-hop’s first billionaire after he sold Beats Music, the high-end headphones and streaming music service, to Apple. But it’s estimated that while that blockbuster deal pushed Dre’s net worth to about $1.1 billion, state and local taxes ultimately nudged it to just below the $1 billion-dollar mark.

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