Hip Hop Icon Jay Z Becomes First Billionaire Rapper
Rapper Jay-Z Becomes First Ever Hip Hop Billionaire
- Rapper Jay-Z is an official Billionaire-becomes the first ever rapper to cross the milestone.
- Forbes announced the rapper the official billionaire on Monday, 3rd June.
- Before, Dr. Dre claimed himself as the first billionaire after he sold Beats to Apple, however, his net worth was counted below the billion dollar mark after the state and federal tax.
- His wife Beyonce, on the other hand, has an estimated net worth of $500 million.
Jay-Z: The first Billionaire Rapper!
Rap king Jay Z has officially become the first ever rapper to become a billionaire. The rapper is also a fashion trendsetter, and sports management company owner. Jay took less than a decade in accumulating the billion dollar net worth.
Forbes announced Monday that the rapper had formally entered the billionaire club. Forbes' Zack O'Malley Greenburg wrote:
Less than a decade later, 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.
The rap mogul, who was born Shawn Carter, has a $70 million stake in Uber, claims his ownership of the streaming service Tidal, ownership of the Roc Nation sports management company, $70 million art collection, $50 million in real estate. Meanwhile, Jay-Z's wife Queen B has an estimated net worth of $500 million.
As a matter of fact, music mogul Dr. Dre claimed he was the first hip hop billionaire in 2014 after he sold Beats Music to Apple. However, it was estimated that despite the deal with Apple had pushed Dre's net worth beyond $1.1 billion, state and local taxes ultimately nudged his net worth below the billion dollar mark.