From Brooklyn drug dealer to self-made mogul: Forbes has officially crowned JAY-Z Hip Hop’s first billionaire.
According to a new article written by Zack O’Malley Greenburg, the Roc Nation mogul “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.”
His vast fortune comes from various deals in liquor, cash investments, art collections, Rocawear, real estate, TIDAL, Roc Nation and his extensive music catalog — which culminates with 2018’s EVERYTHING IS LOVE featuring his multi-millionaire wife, Beyoncé.
Hov’s cash and investments come to a total of $220 million; his stake in liquor brands D’Ussé and Armand de Brignac totals $410 million; TIDAL tallies at $100 million; Roc Nation follows with $75 million; his music catalog sits at $75 million; his art collection, $70 million; finally, his real estate investments totals $50 million.
The superstar couple owns several properties. Following the 2017 birth of their twins, they bought two new homes — a $26 million East Hampton mansion and an $88 million Bel Air estate. Jay also owns a Tribeca penthouse, which he purchased for $6.85 million in 2004.
But believe it or not, Jay has a long way to go if he wants to rank among the richest people in the world. In another article from Forbes dated March 2019, the list of the the world’s wealthiest people on the planet ends at #215 with Ralph Lauren’s $6.9 billion fortune.
Amazon’s Jeff Bezos sits at #1 with $131 billion, Microsoft’s Bill Gates comes in at #2 with $96.5 billion, while the “Oracle Of Omaha” Warren Buffet lands at #3 with $82.5 billion.