Jay-Z is making headlines today for reaching a whole new milestone when it comes to making the money.
That's because Forbes just declared he's the first rap artist to become an official billionaire through his many businesses and investments.
Forbes went on to chronicle the sources of the of Jay-Z's wealth.
They include:
- $310 million Armand de Brignac champagne
- $220 million in cash and investments
- $100 million D’Ussé cognac
- $100 million ownership stake in Tidal
- $75 million in Roc Nation entertainment company
- $70 million stake in Uber
- $70 million art collection
- $50 million in assorted real estate holdings and his music catalog.
Naturally, his monetary accomplishments are inspiring a ton of pats on the back.
Jay Z, from Marcy Projects, made his way to a BILLION dollars. Your mcm plays 9 hours of nba 2k19 every day and complains about the white man holding him back.
🙌🙌🙌
Jay Z is such an inspiration. Came from the projects an now he’s a hip hop billionaire.
And his work ethic is inspiring a lot of people.
Jay Z coming from the dirt to hip-hop's first billionaire is a success story that should inspire a work ethic in everyone. Hard work pays off.
Look, even Def Jam tweeted congratulating the rapper.
"Call me Philli Collins, I feel a billion is in the air." Jay Z is billionaire status. Congrats, Hov. https://t.co/yCicGrbTiO
This news also begged the question: Did we forget about Dre?
If Jay Z is raps first hip hop billionaire what is Dr Dre?
Remember he had supposedly been declared the first billionaire rapper years ago?
"Jay Z is the first rapper to reach billionaire status" Dr Dre:
There were also a handful of confused peeps who thought Jay was already a member of the Billionaires Club.
I honestly thought Jay -Z been a Billionaire 🤷🏾♂️
But hey, not everyone is a billionaire, so hats off to Hova for making big moves and watching it all pay off...literally.
Congrats #JayZ #Billionaires
Here's to watching the Carters have fun spending all that money.
As the mogul once rapped, "I'm not a businessman; I'm a business, man!"
