Jay Z becomes the first billionaire rapper

The American artist’s assets come from music sales, businesses, and investments.

According to  Forbes , Jay Z owns a net worth of more than one billion USD, becoming the first rapper to achieve this achievement. The assets he owns include: cash and stocks (about 220 million USD), music business (75 million USD), alcohol companies (410 million USD), Tidal company – an online music listening system. (100 million USD), company Roc Nation entertainment ($75 million), art collections ($70 million) and real estate ($50 million). 

American rapper Jay Z. Photo:  Variety

The rapper is the fifth black billionaire in the US,  according to  Black Enterprise . Jay Z, real name Shawn Corey Carter, was born and raised in New York (USA), coming from nothing. In 1986, he had his first songs and gradually entered the American hiphop music industry. In 1996, Jay Z released his first album  Reasonable Doubt,  ranking 26th on the Billboard 200 chart. To date, he belongs to the group of artists with the highest number of album sales in the world. , with sales of more than 100 million copies. Jay Z is also the rapper with the most Grammy awards (22 awards). In 2012, Rolling Stone magazine   selected him on the list of “100 Greatest Artists”.

Besides his music career, Jay Z is also a successful businessman. He owns two alcohol companies, an entertainment company, and an online music streaming company. The rapper founded the fashion brand Rocawear and sold it to Iconix company for 204 million USD in 2007. The singer also successfully invested with a stake worth about 70 million USD in a public vehicle service company. Uber technology.

Jay Z married Beyonce in 2008 and has three children. In 2018, the couple was on the Forbes  rich list  with a total assets of 1.255 billion USD, of which Beyonce had 355 million USD. 

Beyonce and Jay Z perform ‘Drink In Love’

 Beyonce and Jay Z perform ‘Drink In Love’.

Dat Phan  (according to  Forbes )