Entertainment & SocietyForbes Names Jay-Z' Richest Rapper Alive As His Fortune Rises

Forbes Names Jay-Z’ Richest Rapper Alive As His Fortune Rises



March 26, (THEWILL) – Hip-hop mogul, Shawn Carter, aka Jay-Z, has been named by Forbes as the richest rapper alive, after his net worth soared to a new height. He now boasts of a fortune of $2.5 billion.

According to a Forbes report on Friday, Jay-Z is now the 1,203rd wealthiest person on the planet. French business magnate, Bernard Arnault, CEO of LVMH Moet Hennessy, Louis Vuitton, currently sits at No. 1, with a reported valuation of $216.1 billion.

The report notes that the Grammy Award-winning artist’s fortune reaches far beyond music.

“Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D’Usse cognac,” it says.

“The Brooklyn-born rapper was crowned hip-hop’s first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire” the report added.

Noting his assets range from his Roc Nation entertainment and sports empire to a fine-art collection including works by Jean-Michel Basquiat.

Sean “P. Diddy” Combs, who finally joined the billionaire boys club last October, became one thanks to the continued success of his Ciroc partnership with Diageo, DeLeon Tequila and Revolt network, currently sits at No. 2 on the hip-hop rank after dethroning Kanye West.

The report of Jay-Z’s current net worth comes after he sold the 50 per cent stake of his D’Usse cognac back to its parent company, Bacardi for a reported $750 million in February after an intense court battle. He still retains significant ownership of the brand.

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