Jay-Z the first hip-hop billionaire named by Forbes

Jay-Z the first hip-hop billionaire named by Forbes
Credits: Premium Times Nigeria

Jay-Z has recently been named the first hip-hop billionaire by Forbes. His real name is Shawn Corey Carter. Apart from rapping, he is a producer, entrepreneur, and songwriter. In 2008, he got married to Beyonce and he is a father to three kids.

The First Hip Hop Billionaire

According to the sources, Jay-Z net worth is US$1 billion in 2019. Now, he has become the first hip hop artist to rack up a billion-dollar fortune. But guess what? He hasn’t gained his fortune from singing. He has invested his money liquor, art, real estate and business like Uber.

Despite his bad past, his hard work has paid off. Jay-Z was a drug dealer before producing his own music label in 1996. Later on, he created Roc-A-Fella records and released his very first album titled Reasonable Doubt. He started to climb the ladder of success after back to back hits.

Today, he has gained 22 Grammy awards, earned 14 No. 1 albums as well as over $500 million in pre-tax earnings. On Monday, Forbes announced him as the first hip-hop artist who has a billion dollar fortune.

Jay-Z’s past business ventures

Jay-Z’s joint venture with Bacardi is now worth $100 million. Also, the champagne company Armand de Brignac is now worth $310 million.

Moreover, he has used his total $220 million in investments, which includes Uber worth an estimated $70 million. He had originally purchased the service for $2 million in the past. Likewise, he has earned $75 million from his own entertainment company named Roc Nation. Check out The Geek Herald for more updates.

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