Jay-Z Is Hip-Hop's First Billionaire
It's official, Jay-Z is a billionaire! According to Business Insider, Jay-Z is the first hip-hop artist to become a billionaire in history. Jay's empire is made from a variety of companies, including his music, liquor, real estate, and stakes in different companies.
Jay-Z, whose real name is Shawn Carter, has a $70 million stake in Uber, ownership of the streaming service Tidal, a $70 million art collection, a property of the Roc Nation sports management company, $50 million in assorted real estate holdings and his music catalog. Jay-Z, who grew up in a Brooklyn housing project, rose to fame in 1996 with his debut album "Reasonable Doubt."
The singer and artist also held clothing wear called 'Rock-a-wear' which sold for 204 million dollars in 2007. Together, he and his significant other Beyoncé — who has expected total assets of $355 million — turned into a billion-dollar couple in 2017. The short rundown of different wealthy people in media outlets incorporates "Star Wars" maker George Lucas, producer Steven Spielberg, Oprah Winfrey, and ballplayer legend Michael Jordan.
Besides interests in art and music, the hip-mogul investor has additionally extended his realm to incorporate investments in Uber, estate, and alcohol. Forbes reports that his stake in Uber merits an expected $70 million, his estate ventures merit a projected $50 million and his cognac, D'Ussé, sells very nearly 200,000 cases every year and is worth $100 million. His interest in the champagne organization Armand de Brignac merits an expected $310 million.
Legally, having your original records means you decide who does what with your music: You arrange when and how they are used in advertisements, video games, or films. You choose how much to sell for said use, and you get more money when your music is purchased, streamed or otherwise used. The masters alone give Jay-Z about one-tenth of his net value, and, as long as people listen to his music, they will continue to provide his family worth well after he's gone.
For the people who live under a rock, Jay-Z is one of the best hip hop artist of all time. He is also known as a cultural impact and icon for over two decades. He is married to the lovely Beyonce, and together they have three kids. He is a role model to a lot of people, and after reading how successful he is and how hard he worked for his life and career, he is our role model too!