Jay-Z once rapped “I’m not a businessman, I’m a business, man.” Turns out he was right.
The superstar rapper is also a fashion trendsetter, a streaming music mogul, a sports management company owner and Mr. Beyonce Knowles.
All that has helped him to become the first billionaire rapper, according to Forbes.
“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 writes.
The media company ticked through the various businesses that Jay-Z, whose real name is Shawn Carter, either owns or has a stake in, including:
a $70 million stake in Uber
his ownership of the streaming service Tidal
his $70 million art collection
his ownership 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.”
His sixth album, 2001’s “The Blueprint,” was added to the Library of Congress’ National Recording Registry — reserved for albums that are “culturally, historically, or aesthetically significant” — earlier this year.