Jay-Z Becomes Hip-Hop’s First Billionaire

Maria Perez SAVE THIS

(Debby Wong/Shutterstock.com)

Rapper Jay-Z said it best: “I’m not a businessman, I’m a business, man.”

The hip-hop legend has plenty of rap songs about being a billionaire and now he is one. Forbes announced on Monday, June 3 that Jay-Z, whose real name is Shawn Carter, is the first hip-hop artist to become a billionaire because of smart investments in real estate, businesses, and art.

“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,” Forbes’ Zack O’Malley Greenburg wrote.

The rapper reportedly has a $70 million stake in Uber, a $70 million art collection, and $50 million in various real estate holdings and in his music catalog, according to Forbes. The hip-hop artist also owns his own music streaming…

Subscribe to The North Star

Subscribe for $10 a month to gain access to this and many more articles from The North Star.

Do you already have an account?


Join The Conversation

Join the Conversation