Jay Z breaks new record according to Forbes Magazine

Jay Z breaks new record according to Forbes Magazine

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American Rapper, Shawn Carter popularly known as ‘Jay Z’ has emerged the first HipHop Artiste to reach a billion dollar fortune, thanks to his creative investment in Real Estate, businesses such as Uber, Art, Liquor.

Jay Z’s financial achievement is far from cry of his humble beginning in which his first album titled ‘Reasonably Doubt’ was released in 1996 under Record Label Roc-A-Fellas.

He was also first a drug dealer in his hometown of Brooklyn before he created his own record label Roc-A-Fellas to go into music.

The rapper has turned a mogul since changing into music by winning No.1 album 14 times, 22 Grammy awards and according to Forbes has a pre-tax earning of over $500 million.

Jay Z’s income is understood to be far from music since he launched his Liquor Brand, Armand De Brignac back in 2006 which he owns 100% share of through a video. The Champagne Brand now has an estimated worths $310million.

His Cognac D’UssĂ© which is a joint venture of Bacardi has an estimated worth of $100million.

Jay Z also has $220million in cash and investment, having a share in cab service, Uber which worths an estimated value of $70 million which he purchased with $2 million.

Jay Z also has a streaming service, Tidal which he launched back in 2015 with the help of other celebrity investors such as his wife Beyoncé now worth $100 million.

The New York native record label ROC Nation Entertainment industry which is represented by top artistes such as Rihanna and Kelvin Durant has an estimated value of $75 million.

Jay Z has a two homes in Empire Estate Tribeca penthouse which he bought in 2004 worth $6.85 million and a East Hampston mansion he bought in 2017 worth $26 million following the birth of his twin Rumi and Sir. He also has an estate in Bel Air worth $88 million he bought in 2017

Jay Z was also ranked fifth richest celebrity in the world by Forbes back in 2018 having a tie with 21 years old make up model Kylie Jenner who later crossed the Billion dollar barrier back in March.

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Hero Uyiosa

Hero Uyiosa is a Blogger, Writer, Public Affairs Analyst, and Social Change Advocate with major interests in Politics, Education, Governance and Human Health, Entertainment and Sports.He also has a strong drive which makes him very passionate to being a role model to young people in most especially Nigeria and the entire Africa by making a positive impact in building creative and innovative minds for positive change and helping everyone he meets at every point.

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