Jay-Z becomes the Fifth Black Billionaire in the US
Shawn “Jay-Z” Carter has won the race to become the first billionaire in hip-hop, beating music moguls Sean P. Diddy Combs and Andre “Dr. Dre” Young to the threshold, according to a new cover story published in Forbes. This also makes Carter just the fifth African American in the country to reach this historic milestone.
Forbes reports that Carter “has accumulated a fortune that conservatively totals $1 billion” thanks to his savvy business acumen and diverse portfolio of lucrative investments, acquisitions, and deals. “Jay-Z’s steadily growing kingdom is expansive, encompassing liquor, art, real estate (homes in Los Angeles, the Hamptons, Tribeca) and stakes in companies like Uber,” it reads.
- Armand de Brignac champagne – $310 million
- Cash and investments, including a $70 million stake in Uber – $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
Read more > Originally appeared in Black Enterprise
