Jay-Z ranked as first billionaire rapper by Forbes
Rapper, music producer, champagne and cognac maker, cultural icon and husband to Beyonce, Jay-Z is now also a billionaire, according to Forbes.
The website looked at Jay-Z’s, real name Shawn Carter, holdings and reported that a conservative estimate puts the Brooklyn artist in the billionaire status.
Here are the numbers that Forbes compiled for Jay-Z:
* Champagne brand Armand de Brignac is worth $310 million,
* Cash portfolio at $220 million,
* Cognac D’Ussé is worth $100 million,
* Tidal, a music streaming service, at $100 million,
* Entertainment company Roc Nation at $75 million,
* Music catalogue is worth $75 million,
* Art collection worth $70 million,
* Real estate totaling another $50 million.
In the latest issue of @Forbes, we are officially declaring Jay-Z a billionaire, making him one of only a handful of entertainers to achieve the feat—and the first hip-hop artist to do so. Read more, including a breakdown of his fortune, below: https://t.co/Rz87tTEprv pic.twitter.com/QsZronwTDG
— Zack O’Malley Greenburg (@zogblog) June 3, 2019
In 2010 Forbes also featured Jay-Z in the magazine along with investor Warren Buffet. In the profile of the two man, Buffett, then 80, walked away impressed with the artist, according to the magazine.
“Jay is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from,” Buffett said then.
Frank Carnevale is the TribLive multimedia editor. He started at the Trib in 2016 and has been part of several news organizations, including the Providence Journal and Orlando Sentinel. He can be reached at fcarnevale@triblive.com.
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