Jay Z becomes the first Rapper to be a billionaire

Jay Z
Jay Z

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Jay Z has officially reached billionaire status.

According to Forbes, the hip-hop star has accumulated a fortune that conservatively totals $1 billion, making him the first rapper to do so.

Forbes reported that his journey is all the more impressive given its start: Brooklyn’s notorious Marcy housing projects. He was a drug dealer before becoming a musician, starting his own label, Roc-A-Fella Records, to release his 1996 debut, Reasonable Doubt. Since then he’s amassed 14 No. 1 albums, 22 Grammy awards and over $500 million in pretax earnings in a decade.

Jay Z

He realized that he should build his own brands rather than promote someone else’s: the clothing line Rocawear, started in 1999 (sold for $204 million to Iconix in 2007); D’Ussé, a cognac he co-owns with Bacardi; and Tidal, a music-streaming service.

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Source: DailySun

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