JAY-Z Is Officially a Billionaire.

JAY-Z Is Officially a Billionaire.

JAY-Z has reached a financial milestone.

In a recent Forbes article, the media outlet reports that the 49-year-old mogul “has accumulated a fortune that conservatively totals $1 billion.” The distinction, according to the magazine, makes Jay the first hip-hop artist to become a billionaire. 

Jay Z reached these dizzy heights of fortune through company deals and acquisitions in liquor, art and real estate, as well as stakes in companies like Uber. 

Forbes came to this conclusion by valuing each of Jay’s holdings individually: Armand de Brignac, his liquor brand, at $310 million; his cash and investments at $220 million; D’Usse, his joint venture with Bacardi, at $100 million; Tidal, his music streaming service, at $100 million; Roc Nation, his entertainment company, at $75 million; his music catalog at $75 million; his art collection at $70 million; his real estate holdings at $50 million.

Jay was recently honoured with the President’s Award at the NAACP Image Awards.