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EntertainmentJay-Z Officially Becomes Hip-Hop's First Billionaire

19:31  03 june  2019
19:31  03 june  2019 Source:   billboard.com

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Jay - Z is officially hip-hop’ s first billionaire . The cover story details how the rapper born Shawn Carter' s net worth "conservatively totals billion, making him one of only a handful of entertainers to become a billionaire -- and the first hip - hop artist to do so."

New billionaire Jay - Z has accumulated a varied fortune stretching from champagne and cognac to tech startups and real estate. "He' s rapped about it all in detail," says Fab 5 Freddy, a contemporary and friend of the late painter. " Jay - Z helped educate millions of hip - hop fans mentioning Jean-Michel."

Jay-Z Officially Becomes Hip-Hop's First Billionaire © Noel Vasquez/Getty Images Jay-z

Jay-Z once told us that he's not businessman, he's a business, man. According to Forbes' latest cover story, Hov has crossed the proverbial finish line, thanks to his many business endeavors.

The cover story details how the rapper born Shawn Carter's net worth "conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire -- and the first hip-hop artist to do so."

Not only is Hov looking at a whopping $220 million in cash and investments, but when you add his partnerships with liquor brands such as Armand de Brignac and D'Usse where he nets a staggering $410 million combined, in addition to his ownership of Tidal ($100 million), his company Roc Nation ($75 million), and more, you can see why his climb to a billion at 50 years old is an impressive feat.

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San Antonio man accused in King Jay case refuses court appearance Christopher Davila, 34, who is accused in the death of King Jay Davila, refused to appear in court Tuesday. He is accused of injury to a child and faking the child’s kidnapping. King’s body was found in a backpack that had been buried in a Northeast Side field. King was 8 months old. Judge Kevin O’Connell said Davila’s attorney, Robert D. Behrens, would confer with his client in jail. Behrens declined to comment on the case. FIND OUT FIRST: Get San Antonio breaking news directly to your inbox Courthouse observers said it is unusual for a defendant to refuse to appear, and that a judge can sign an order to force an appearance if there is a trial pending.

Shawn " Jay - Z " Carter can officially add " billionaire " to his growing list of titles. According to Forbes, the Brooklyn-born artist-turned-entrepreneur' s business empire is now worth billion, making him "one of only a handful of entertainers to become a billionaire — and the first hip - hop artist to do so."

JAY - Z is reportedly hip - hop ’ s first billionaire , according to Forbes. The Brooklyn rapper’s fortune was valued at 0 million last year by the publication, but the rising value of his investments and stakes in Armand de Brignac and D’Ussé cognac allowed his net worth to ascend to a “conservative” estimate

And while many initially believed that Dr. Dre notched that achievement first after he sold Beats By Dre to Apple for $3 billion, Forbes debunked those claims, reporting that his net worth stands at $850 million.

Read Forbes' story on Jay-Z here.

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