Yass! Jay-Z has just become the first rapper to reach a net worth of $2.5 billion. This puts him ahead of his peers such as Dr. Dre & Diddy who have all achieved success in their own right.
The Brooklyn-born artist has made his fortune through a range of investments including real estate, music streaming service Tidal and liquor brand Armand de Brignac. He also owns a stake in Uber and is involved in several other business ventures, according to Forbes.
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As the business site notes, Hov comes in on the list as the 1,203rd wealthiest person on the planet as of Friday (March 24). Although the
the publication has yet to detail the reason behind the huge increase, it has doubled since last year when it was reported he was worth $1.4 billion.
French business magnate Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton, also sits at No. 1 on that list with a reported valuation of $216.1 billion. This milestone for Jay-Z is sure to inspire other rappers to follow suit and build their own empires. It’s an exciting time for hip-hop culture as we watch more artists become billionaires!
More On Jay-Z’s Successful Career
Jay Z is a true success story. His journey to success began in the late 1980s when he first started rapping and producing music. He debuted his album ‘Reasonable Doubt’ which was released in 1996. Since then he has gone on to release several albums that have all achieved critical acclaim and commercial success.
In his songs and interviews, Jay Z has talked a lot about what it takes to be successful in life. He believes that success is a combination of hard work, dedication and ambition. He also emphasizes the importance of having the right mindset and attitude in order to reach your goals.
In addition to his music career, Jay-Z has also founded multiple companies on top of Roc Nation, TIDAL, Armand de Brignac Champagne and D’Ussé Cognac. He is also a part owner of the NBA’s Brooklyn Nets franchise. Since then, he has gone on to become a successful entrepreneur, investor, as well as a philanthropist.
He also credited his wife Beyonce for his own success, saying that she has been an inspiration to him throughout his career. Beyonce, who’s also in the billionaires club has also credited and thanked her hubby several times for her amazing success as well and supporting her through her career.
She said during her acceptance speech after winning more GRAMMYs than anyone in the world this year:
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“I want to thank god for protecting me. Thank you, god. I’d like to thank my uncle Johnny, who’s not here, but he’s here in spirit. I’d like to thank my parents—my father, my mother—for loving me and pushing me. I’d like to thank my beautiful husband, my beautiful three chid, who are at home watching. I’d like to thank the queer community for your love and for inventing the genre. God bless you. Thank you so much to the Grammys.”
Aside from that, with such a long list of accomplishments under his belt, it is no wonder why Jay-Z is considered one of the most successful rappers.
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