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Jay-Z’s net worth has grown to $2.5 billion, according to a new report from Forbes on Friday.
While the report didn’t provide many details, it noted that the rapper’s wealth extends far beyond the musical realm. Through his business ventures, Jay-Z became the first hip-hop billionaire.
“Even in a year without a tour or album release, Jay-Z rakes in millions from his Armand de Brignac champagne and D’Usse cognac,” the report said.
“The Brooklyn-born rapper was named hip-hop’s first billionaire by Forbes in 2019, thanks to a vast and diverse empire,” he said, without referring to his Roc Nation entertainment and sports empire. Assets transferred to include Jean-Michel Basquiat.
In February, Jay Z performed “God Did” at the Grammy Awards with DJ Khaled, Lil Wayne, Rick Ross and John Legend.
The report comes as he resolves a months-long legal battle with Barcardi over his D’ussé Cognac brand, with the beverage giant reportedly buying a majority stake worth around $750 million, adding to his net worth. The essential.
Jay-Z is the founder of Roc Nation, a comprehensive Manhattan-based talent and entertainment agency. As CEO of Def Jam Recordings, he has been at the heart of the creative and commercial success of artists such as Kanye West, Rihanna and J. Cole.
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