Forbes Officially Names Jay-Z as Hip-Hop First Billionaire

Shawn Corey Carter, known professionally as Jay-Z has officially been named as first hip-hop artist to ever reach the billionaire status, according to Forbes Magazine.

The Forbes article talked about a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed, OccupyGh.com has sighted.

Less than 10 years later, the magazine surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.”

It also notes that he realized that he should build his own brands rather than promote someone else’s. .

Jay-Z’s primary holdings are:

Armand de Brignac champagne (Ace of Spades) – $310 million
Cash & investments (including a stake in Uber, worth an estimated $70 million) – $220 million
D’Ussé cognac – $100 million
Tidal streaming service – $100 million
Roc Nation – $75 million
Music catalog – $75 million
Art collection – $70 million
Real estate – $50 million

Source: OccupyGh.com 

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