American music mogul, Jay–Z, has been named as the richest musician in the world on earth, a new report by Forbes has shown. This has made him the first rapper to become

American music mogul, Jay–Z, has been named as the richest musician in the world on earth, a new report by Forbeshas shown.

This has made him the first rapper to become a billionaire.

Its clear that Jay-Z 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 to do so,” Forbes said.

According to the breakdown by Forbe’s, the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts of investments at well over $200 million (including a large stake in Uber).

Jay-z’s wealth also sky rocketted when he developed interest in alcohol business.

Tidal, his streaming service, also allegedly supplies about $100 million of his net worth, just behind his cognac D’Ussé.


Download Naija News App. Advertise with us.Send us enquiries, press releases.