Jay-Z becomes first hip-hop billionaire

Dr Dre was formerly thought to have been the first hip-hop billionaire, but his taxes reduced his net worth below the milestone. sky news
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Jay-Z has become the first rapper to become a billionaire according to Forbes.

The musician, 49, reached the milestone thanks to business interests in fashion, a sports management company and a $70m (£55.2m) stake in Uber.

He has $310m (£245m) in Armand de Brignac champagne, $100m (£79m) in his own cognac, a joint venture with Bacardi, and a $70m (£55.2m) art collection.
HOUSTON, TX - MAY 10: Jay-Z and Beyonce attend a game between the Golden State Warriors and the Houston Rockets during Game Six of the Western Conference Semifinals of the 2019 NBA Playoffs on May 10, 2019 at the Toyota Center in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2019 NBAE (Photo by Bill Baptist/NBAE via Getty Images)
Image: Jay-Z and his wife Beyonce have stakes in Tidal which help toward their huge wealth

Jay-Z and his wife Beyonce also own equity in the streaming service Tidal, which helps bring in more money.

Forbes suggests his net worth “conservatively totals” about $1bn (£789m).

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