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Jay Z Becomes Hip Hop’s First Billionaire

Forbes names Jay Z first billionaire in hip Hop

There’s a famous Jay Z lyric that goes, “I’m not a businessman. I’m a business, man” and that sentiment has paid off big for HOV. Yesterday Forbes announced that the Brooklyn-bred rap kingpin has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire and the first hip hop artist among them.

The publication broke down all of Jay Z’s assets and subtracted lifestyle expenses to come to this conclusion. Here’s how that breakdown looks:

*Armand de Brignac champagne $310 million

* cash and investments $220 million

*Bacardi partnership D’Usse cognac $100 million

*Tidal streaming platform $100 million

* Roc Nation empire $75 million

*Def Jam music catalog $75 million

*formidable art collection $70 million

*real estate $50 million