Big pimpin’, spendin’ cheese—but more more importantly, big pimpin’, makin’ cheese. A billion slices, in fact.
At the end of 2018, Forbes announced Jay-Z as the richest musician. Now, Forbes is officially giving him a label many believed was coming soon: he’s a billionaire. The financial site is “conservatively” giving the rapper a $1 billion fortune, making him the first hip-hop artist to claim such status.
Cue up, “Boss” by the Carters.
As Forbes explains in it report:
To calculate his net worth, we looked 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. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. Turns out, Jay-Z really is a business, man.
And Forbes did, in fact, break it down in terms of Jay’s net worth, citing the specific assets. For one, his investment portfolio includes stake in Uber worth an estimated $70 million.
Armand de Brignac
Cash & investments
“Jay is teaching in a lot bigger classroom than I’ll ever teach in,” said (now, fellow) billionaire Warren Buffet, recalling a 2010 meeting with the 49-year-old rapper and businessman. “For a young person growing up, he’s the guy to learn from.”
Is that where Black Twitter got their divisive “would you take an inordinate amount of cash or would you have dinner with Jay-Z” trending-topic question from?
Anyway, congrats to Mr. Carter. That’s the way the capitalism cookie crumbles.
Hey Jay, can I hold five dollars?