The rapper Jay Z, born Shawn Carter, who grew up in one of Brooklyn’s most notorious housing projects, “has accumulated a fortune that conservatively totals $1bn, 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.
Jay-Z is officially hip-hop’s first billionaire, Forbes declared on Monday, founding his kingdom on entertainment but also reaping earnings from liquor, art and property.
The house that Jay built includes stakes in Armand de Brignac champagne and D’usse cognac — worth $310m and $100m respectively — as well as $220m in cash and investments that includes a stake in Uber worth an estimated $70m.
