According to Forbes, rapper and mogul, Jay-Z has accumulated a fortune worth $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 business stakes include liquor, art, real estate (homes in Los Angeles, the Hamptons, Tribeca) and stakes in companies like Uber. He further owns a D’Ussé (a cognac he co-owns with Bacardi), and Tidal music-streaming service and a clothing label Rocawear, which was sold to Iconix for more than $204 million in 2007.
Jay-Z will join the likes of George Lucas (Star Wars), Steven Spielberg, Oprah Winfrey and Michael Jordan who are part of Forbes entertainment industry billionaires.
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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. (He owns 100% of Armand de Brignac and has partial ownership of the other companies.) Then added up his income, subtracting a healthy amount to account for a superstar lifestyle. 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.
Below Forbes has listed his businesses and how much they’re worth:
Armand de Brignac
$310 million
Cash & investments
$220 million
D’Ussé
$100 million
Tidal
$100 million
Roc Nation
$75 million
Music catalog
$75 million
Art collection
$70 million
Real estate
$50 million
Source: Forbes
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