Jay-Z Maintain His ‘Richest Rapper Alive’ Lead as Net Worth Reportedly Rise To $2.5B
The sway of Jay-Z is not about to end any time soon. According to Forbes, as of Friday, March 24, the 53-year-net old’s worth had surpassed a staggering $2.5 billion.
Jay Z is now worth $2.5 Billion according to Forbes. His Net-worth has more than doubled in 4 years. In 2019 he was Hip Hop’s 1st Billionaire! “Dinner with Jay z or $500K 🤔” pic.twitter.com/bouwldKuYc
— Black Millionaires ® (@Blackmillions_) March 24, 2023
Jay-Z, real name Shawn Carter, is listed as the 1,208th richest person “in the world now” by Forbes. Carter’s wealth exceeds those of his rap competitors.
According to the publication, Jay-Z has made millions from his Armand de Brignac champagne and D’Usse cognac brands even “without a tour or album release.”
Forbes report the rapper has a net worth of $1.4 billion as of just last year. Variety asserts that the substantial increase in value may be attributable to the conclusion of a “months-long legal struggle with Barcardi over his D’ussé Cognac brand.” According to the source, Barcadi purchased a share in the company that was apparently “worth over $750 million.” This could have been the “key component” that increased the rapper’s net worth to what it is today.
The source added that Jay-Z still had a “substantial ownership stake” in the D’usse Cognac company despite Bacardi’s takeover.
Jay-Z’s net worth has soared to $2.5 billion, according to a new Forbes report published Friday.https://t.co/qb8cMTBIHw
— Variety (@Variety) March 24, 2023
In Only Four Years, Jay-Z’s Net Worth Has Increased Significantly.
Forbes mentioned Jay-Z has a $1 billion net worth as of 2020. The rapper had just “became hip-first hop’s billionaire” in 2019.
According to Forbes, the rapper’s success might be attributed to his “sprawling and varied business.” According to reports, this included his entertainment company Roc Nation and other assets. As well as his fine art collection which comprises unique creations by artist Jean-Michel Basquiat.
Jay-Z x Beyoncé for Tiffany & Co.
Artwork: Never-before-seen painting by Jean-Michel Basquiat. Credit: Mason Poole. pic.twitter.com/m3rhLKptKP
— TheHipHopGuru (@thhguru_) August 23, 2021
Variety also published a list of the 53-year-assets old’s at that time saying; “D’Ussé cognac: $100 million, Armand de Brignac champagne: $310 million, Cash & investments, including a stake in Uber worth an estimated $70 million: $220 million, Art collection: $70 million, Tidal streaming service: $100 million, Roc Nation: $75 million, Music catalog: $75 million, Real estate: $50 million.”
Rapper sold his majority stake in Tidal, a music streaming service, to Twitter co-founder Jack Dorsey for $302 million in 2021. He then sold LVMH, whose CEO is presently ranked number one on the list of billionaires, half of his Armand de Brignac wine brand for an additional $640 million.
The media site also revealed information about a meeting that took place between Carter and longtime billionaire Warren Buffett in 2010. According to Forbes, Buffett, 92, is frequently hailed for his broad work as “one of the most successful investors of all time.”
Buffett, on the other hand utter a kind words for Carter during this meeting, “Jay-Z is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from.”
