Jay-Z has officially become the first rapper with a fortune worth a billion dollars!
This incredible fortune was documented in a new Forbes profile, the publication says “It’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire and the first hip-hop artist to do so.” Forbes then explained how they came to this conclusion, “To calculate his net worth, we looked at the artist’s stakes in companies like Armand de Brignac champagne — applying our customary discount to private firms — then added up his income, subtracting a healthy amount to account for a superstar lifestyle. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative.”
From there, they break down his major assets, which are as follows: Armand de Brignac champagne ($310 million), cash and 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), and real estate ($50 million).
This is obviously hard to comprehend for us mortals because we will likely never see an amount of money remotely close to this! Ever. Forever.
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