[ad_1]
Beyonce paid a moving tribute to her uncle and Jay-Z to her mother, while they accepted the Vanguard Award at the GLAAD Media Awards (March 29).
AP
Jay-Z makes money movements.
Forbes announced Monday that Jay-Z had become the first hip-hop artist to accumulate a billion-dollar fortune, thanks to lucrative investments in real estate, art, spirits and spirits. companies like Uber.
This accomplishment is far from its humble beginnings. Jay-Z (his real name: Shawn Carter) was a drug dealer in his hometown of Brooklyn before creating his own label in 1996, Roc-A-Fella Records, from which he released his first album "Reasonable Doubt ".
Since then, the mogul rapper has won 14 No. 1 albums, 22 Grammy Awards and more than $ 500 million in pre-tax earnings, according to Forbes.
Related: Jay-Z pays tribute to Nipsey Hussle and divides the "Avengers" during a show in his hometown
Forbes announced Monday that Jay-Z had become the first hip-hop artist to accumulate a billion-dollar fortune. (Photo: Craig Barritt, (credit too long, see legend))
His money comes from a lot more than just music.
Since the launch of Armand de Brignac (of which Jay-Z holds 100%) in his 2006 video "Show me what you have," the champagne company is estimated at $ 310 million. Its D'Ussé cognac, a joint venture with Bacardi, is worth $ 100 million.
Jay-Z has $ 220 million in cash and investments, including an estimated $ 70 million stake in Uber that he originally bought for $ 2 million.
The Tidal streaming service, launched in 2015 with the help of famous investors, including his wife Beyoncé, is estimated by Forbes at $ 100 million.
"I'm not a businessman I'm a bargain, man."
– "Diamonds of Sierra Leone"
The rapper has accumulated $ 75 million from his entertainment company, Roc Nation, which represents the best artists and athletes such as Rihanna and Kevin Durant. His own music catalog is estimated at $ 75 million only.
As for the impressive art collection of Jay-Z? $ 70 million.
"I bought works for 1 million / 2 years later, worth 2 million / a few years later, worth 8 million / I can not wait to give this product to my children."
– "The story of JO"
Thank you! You are almost registered for
Keep an eye on an email to confirm your subscription to the newsletter.
The New York national owns two homes in the Empire State: a Tribeca penthouse that he bought in 2004 for $ 6.85 million and a $ 26 million East Hampton mansion bought in 2017 after the birth of twin Rumi and Sir.
He also bought a $ 88 million Bel Air estate in 2017.
In 2018, Jay-Z tied for fifth place. List of the richest Forbes stars with Kylie Jenner. The 21-year-old makeup mogul broke the billionaire barrier in March.
Related: Forbes names Kylie Jenner the youngest billionaire "self-taught" at 21
Read or share this story: https://www.usatoday.com/story/life/people/2019/06/03/forbes-jay-z-first-hip-hop-billionaire/1334441001/
[ad_2]
Source link