Jay-Z has been named the richest musician in the world.
According to Forbes, the American music icon is the first rapper to become billionaire.
“It’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so”
“The rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts of investments at well over $200 million (including a large stake in Uber).”
“His streaming service, Tidal allegedly supplies about $100 million of his net worth, just behind his cognac D’Ussé.”