(AllHiphop Rumors) Rappers are always looking to be the first "something!" Back in the day, people like Run DMC were the first rappers to do gold and platinum numbers. But now, things have changed. We are not in a footrace for those simpler things, because they come fairly easily. But, we are now looking or bigger things like..."who gon' see a billi first." Remember, that? Jay said it and now people are claiming it has come true. Is Jay-Z the newest member of the Billionaires Club?
According to Forbes, Jay is the first rapper that has hit that big number. Here is some of the breakdown:
Armand de Brignac champagne: $310 million
Cash & 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
Now, this does not mean that he has a billion in the bank, but is the full worth of his empire. I am certainly not in a position to refute the report, but I do question it. This is not hate, but I know that they are estimating the worth of a man that is very elusive about his money. I also know there are people that inflate or exaggerate their money to make said lists. I know there are some rappers, like Nas, that avoid the list completely. We know Nas is making that bread these days! Anyway, Forbes reveals some of which how they made this proclamation: They are “looking at the artist’s stakes in companies like Armand de Brignac champagne — applying our customary discount to private firms — then added up his income, subtracting a healthy amount to account for a superstar lifestyle.“ They also employ a "roster of outside experts" that help tabulate the cost. So, these are estimates.
Now, the report does not mention Beyonce at all. I would think that they would have both of them looped in since their finances as a married couple are seemingly intertwined. Let me know what you think!
I wonder what Dr. Dre, Diddy and all the other aspiring billionaires are thinking about this.
By the way, that article was written by Zack O'Malley Greenburg, who has written extensively about Jay-Z. But, mostly in an unauthorized way. That is not to take away his credentials, but to say that its somewhat stalker-ish. LOL!
Here is a book on Jigga Man!