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JAY-Z is officially hip hop's first billionaire

Terry Carter

 // Jun 3, 2019

Google // Free Use

JAY-Z is officially a billionaire.

On Monday (June 3), Forbes confirmed the influential rapper's billionaire status by calculating his stakes in companies like Armand de Brignac champagne and D'Ussé cognac. The business magazine applied a "customary discount to private firms" and a "healthy" subtraction to account for JAY-Z's "superstar lifestyle" before tallying his income.

The publication reportedly vetted their findings with "a roster of outside experts" to assure their estimates were "fair and conservative." As it turns out, JAY-Z's business dealings, which span from music, real estate, and a stake in Uber worth an estimated $70 million, "conservatively totals $1 billion." The confirmation makes the beloved emcee hip hop's first billionaire.

In May 2015, Forbes debunked claims that Dr. Dre was the first to achieve such feat after he sold Beats By Dre to Apple for $3 billion. His estimated net worth is $850 million.

In addition to his ownership of Tidal streaming service ($100 million) and his Roc Nation company ($75 million), JAY-Z reportedly earns $220 million in cash and investments. Meanwhile, his wife Beyoncé is securing the bag as well. Forbes reported the singer has a net worth of $355 million in July 2018.

In 2017, JAY-Z predicted he would be the first to reach the milestone among his hip hop peers. "Uh, we gon' reach a billi' first," the 49-year-old declared on "Family Feud" from his critically acclaimed album 4:44. Looks like the prophecy came true. Congrats JAY-Z!

Keep reading for a breakdown of his financial earnings and read Forbes cover story in full here.

Armand de Brignac champagne

$310 million

Cash and investments, including a stake in Uber worth an estimated $70 million

$220 million

D'Ussé cognac

$100 million

Tidal streaming service

$100 million

Roc Nation

$75 million

Music catalog

$75 million

Art collection

$70 million

Real estate

$50 million

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