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Jay-Z Is The First Hip-hop Billionaire- Forbes

According to Forbes magazine international Music Mogul and Businessman Jay–Z is now the first rapper to hit billion in the hip-hop industry.

“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 artiste to do so,” the magazine said.

Forbes breakdown indicated that the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts investments at well over $200 million (including a large stake in Uber).

Jay Z and his wife Beyoncé were recipients of the Vanguard Prize at the GLAAD Awards in March.

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