Jay Z has won millions of hearts around the world with his music.
The rapper has the ability to make people grove and fall in love with his music. The man has now become the first ever rapper to hit the 1 billion bar according to Forbes magazine.
There is a belief that Dr. Dre was the first ever rapper to hit the billion bar but this is not true. He sold his brand called Beats to Apple back in 2014. The brand was sold for 3 billion dollars but the entire money did not go in his pockets.
The brand was in partnership with his loving friend Jimmy Iovine and the money was divided between both of them too. Even after that, he had to pay for the taxes and other stuff. At the end of the day, he was left with just $400 million.
Jay-Z’s fortune has not been counted in the money flow but Forbes made an estimate of his investments and that is how they issued the news.
The magazine wrote that it is just a conservative guess of how much he is worth as they broke down his property and investment and estimated their values.
The magazine wrote that to calculate the net worth of the rapper they had to look into the companies and the number of shares he holds in the companies like Armand de Brignac champagne then they went on to calculate his fortune.
According to the magazine, his music is only worth $75 million. His music is not the one that has made him rich but it is his business that did the deed.
His shares in Armand de Brignac champagne alone is worth $310 million. He also has his stakes in Uber that gets him up by $220 million along with his investments and cash.
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