Jay-Z officially the first rapper to become a billionaire

(Photo: whittlz / Flickr / Creative Commons 2.0)

Pioneering hip-hop artist Jay-Z is officially the first rapper to become a billionaire.

Forbes’ new cover story about Jay-Z’s rise to inordinate wealth places him in the upper echelons among all entertainers.

According to the business magazine, only a handful of entertainers have reached the same lofty heights – and Jay-Z is the only one to leverage his massive hip-hop fame to get there.

The Forbes article catalogues Jay-Z’s various holdings – which go beyond his albums and his much-publicized streaming service. The magazine adds up the value of each, and subtracts a sum that represents costs associated with his fame.

Armand de Brignac champagne: $310 million
Cash & investments, including a stake in Uber worth an estimated $70 million, $220 million
D’Ussé cognac: $100 million
Tidal streaming service: $100 million
Roc Nation: $75 million
Music catalog: $75 million
Art collection: $70 million
Real estate: $50 million

Click here to read the complete article on Forbes’ website.