Jay-Z Named Hip-Hop’s First Billionaire

Forbes magazine has named Jay-Z as hip-hop’s first billionaire.

Shawn Carter’s financial empire includes his music, a streaming service, liquor, art, real estate and financial investments in other companies.

Before the beginning of his stint as Def Jam’s chief in 2004, Jay-Z negotiated the eventual return of his master recordings from the record label that helped launch his career. His hits now clock close to 1 billion streams annually pic.twitter.com/O7kFRbHZuT

— Forbes (@Forbes) June 3, 2019

In the Forbes cover story, Jay’s worth “conservatively totals $1 billion.”