American rapper Jay-Z is officially hip hop's first billionaire - Forbes
In this April 28, 2018, file photo, Jay-Z and Beyonce watch Game 1 of an NBA basketball second-round playoff series between the Golden State Warriors and the New Orleans Pelicans in Oakland, Calif.
The rapper born Shawn Carter, who grew up in one of Brooklyn's most notorious housing projects, "has accumulated a fortune that 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," the magazine said in a new cover story.
The 49-year-old also boasts a $75 million music catalogue, $75 million from the entertainment company Roc Nation and $100 million from streaming service Tidal. It had been widely assumed that hip hop mogul Dr. Dre had already achieved billionaire status - especially after he anointed himself as such in 2014 - but according to Forbes' 2018 ranking his personal wealth is closer to $770 million, despite selling his company Beats by Dre to Apple for $3 billion.
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