Tag: Billionaire

Jay-Z Becomes Hip-Hop’s First Billionaire [PEEP]

When JAY-Z said, “I’m not a businessman, I’m a business, man,” he wasn’t playing. Hov officially became hip-hop’s first-ever billionaire today according to Forbes.

The business-minded rapper has steadily built an empire for himself that includes real estate, a lucrative art collection, liquor companies, his music catalog of course, and more. Back in 2007 Hovito also sold his then clothing line Rocawear to Iconix for $204-million and has ownership and stakes in several other businesses.

Forbes calculated that Jay’s assets include $310-million from his Armand de Brignac champagne, $220-million for cash and investments in several companies, $100-million from his D’Ussé cognac with Bacardi, $100-million from TIDAL, $75-million from Roc Nation, $75-million from his music catalog, which he owns the masters to, $70-million from his art collection, and $50-million from real estate, including a $26-million East Hampton mansion and a $88-million Bel-Air estate.

Hov did say on “Family Feud,” we gon’ reach a billi’ first” and he did. Congrats!

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