Website

Hip Hop's First

June 3, 2019

BY Minyetta Nelson

Worldwide - 

Forbes announced the history-making news on Monday (June 3), breaking down the mogul's ten-figure fortune. "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," read the magazine's report. "We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. Turns out, Jay-Z really is a business, man." The value of his portfolio is as follows: Jay's raked in $310 million from his $300 gold bottles of Armand de Brignac champagne, also known as "Ace of Spades." His cash and investments total a whopping $220 million. (His estimated $70 million stakes in Uber are included in that total) Jay's cognac, D’Ussé, which is a joint venture with Bacardi, has brought him a cool $100 mil. Tidal, his music streaming service, also filled his pockets with $100 million. And then there's his $50 million in real estate, $70 million art collection, $75 million music catalog, and $75 million from his entertainment company Roc Nation. Jay's feat is not only his own, but the cultures. Jay -Z's not a businessman, he's a business, man. The 49-year-old Grammy-winner is officially the first hip-hop artist to become a billionaire.