Jay-Z Named World’s First Billionaire Rapper by Forbes Magazine

Must Read

African Tribe: The Dinka People Of South Sudan

The Dinka are a pastoral-agricultural people that make up the largest ethnic group in South Sudan. They vary their...

For The First Time, Married Women In Botswana Can Own Land Alongside Their Husbands

Married women in Botswana can for the first time be allocated state land even if their husbands already have...

Slave Brokerage: How Early U.S. Newspapers Facilitated The Sales And Purchase Of Slaves

In the earliest history of US stock brokerage, one stock stood out both in nature and the revenue it...



Jay-Z has been named the world’s first billionaire rapper in a new Forbes cover story.

Jay-Z Named World's First Billionaire Rapper by Forbes Magazine

The magazine has claimed the 49-year-old’s empire “conservatively” totals $1bn after valuing his various ventures as well as any real estate and his art collection. Jay-Z, whose real name is Shawn Carter, is one of just a handful of billionaire entertainers and the first hip-hop artist to claim such a fortune.

That’s a title that could be contested by fellow mogul Dr. Dre, who declared himself “the first billionaire in hip-hop” back in 2014 around the time he cut an estimated 3.2-billion-dollar deal with Apple for Beats Electronics. However, at the time, Forbes estimated his value climbing to 800 million dollars.

Like Dre, though, Jay-Z’s fortune isn’t attributed to his musical success but is a consequence of the name recognition it afforded him. Forbes reported that his empire-building prowess came from recognizing “that he should build his own brands rather than promote someone else’s.”

Jay-Z, real name Sean Carter, got his start in the Brooklyn projects as a drug dealer, giving his rags-to-riches tale an ever-aspirational element. His business savvy could be traced back to the launch of his Roc-A-Fella record label to release his 1996 debut album “Reasonable Doubt.” Needless to say, several critically acclaimed albums followed (14 of which went to No. 1), as well as 22 Grammy Awards and notice by the Songwriters Hall of Fame.

He’s also married to singer-turned-business mogul Beyonce, and together they’ve repeatedly topped the charts, not to mention lists for power couples. Together, they surpassed the billion-dollar mark in 2017.

Jay-Z has since amassed his wealth through massive liquor, art and real-estate deals, by buying stakes in companies like Uber and starting up Tidal.

Forbes calculated his 1-billion-dollar net worth through stakes in Armand de Brignac champagne and D’Usse cognac, which together earned him am estimated 410 million dollars. Add to that 220 million dollars from cash and investments, 100 million dollars from streaming service Tidal, 75 million dollars from his entertainment company Roc Nation, another 75 million dollars from his music catalog, 70 million dollars from his impressive art collection and 50 million dollars from real estate deals that frequently make headlines.

That further proves another of his lyrics that he’s not a businessman: He’s a business, man.



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

African Tribe: The Dinka People Of South Sudan

The Dinka are a pastoral-agricultural people that make up the largest ethnic group in South Sudan. They vary their...

For The First Time, Married Women In Botswana Can Own Land Alongside Their Husbands

Married women in Botswana can for the first time be allocated state land even if their husbands already have an allocation of their own,...

Slave Brokerage: How Early U.S. Newspapers Facilitated The Sales And Purchase Of Slaves

In the earliest history of US stock brokerage, one stock stood out both in nature and the revenue it generated – humans. The more...

Two African Writers Shortlisted For The 2020 Booker Prize

Two African Authors — Zimbabwe's Tsitsi Dangarembga and Ethiopian's Maaza Mengiste — have been shortlisted for the 2020 Booker Prize for Fiction.

Dr. John Emeka Akude: Nigerian Makes History As The First Black Elected Member Of Cologne City Council In Germany

A Nigerian has made history as the First black man to be elected member of Cologne’s City Council in Germany. Dr. John Emeka Akude, a...

More Articles Like This