It’s official. Jay-Z is the richest rapper-turned-businessman on the planet.
According to Forbes‘ 2023 World’s Billionaires record, revealed on Tuesday (April 4), Jay-Z is the one rapper featured on the record whereas Kanye West has utterly fallen off the gathering. The Roc Nation cofounder has boosted his general internet price from $1.5 billion final fall to now a whopping $2.5 billion.
Amazingly, the hip-hop billionaire is larger net-wise than Oprah Winfrey at $2.5 billion, dressmaker Tom Ford at $2.2 billion and NBA icon Michael Jordan at $2 billion.
Forbes studies that Hov amassed his fortune by way of his worthwhile liquor companies. In 2021, spirits big LVMH bought a 50 % stake in Jay’s champagne empire, Armand de Brignac, higher often called Ace of Spades. Additionally, the Brooklyn rhymer bought a majority of his stake in his cognac model D’Usse to Bacardi in February 2023.
Outside of his liquor empire, Jay-Z has a portfolio of belongings that vary from his music catalog to his positive artwork assortment, together with helpful art work by Jean-Michel Basquiat and holding shares in service firms like car-sharing service Uber and finance firm Block.
Meanwhile, Kanye West fell off the Billionaires record after Adidas severed their partnership with the Chicago rapper-producer after his problematic conduct throughout the firm in addition to his anti-Semitic tirades on social media and in interviews. Ye’s present internet price is $400 million, in accordance with Forbes.
Interestingly, Kanye’s ex-wife, Kim Kardashian, continues to be a billionaire with a internet price of $1.2 billion down from $1.9 billion final yr.
Other billionaires on the record price noting embrace Rihanna. The R&B celebrity, who Jay-Z signed to Def Jam in 2009 when he was the CEO/president of the label, has a internet price of $1.4 billion down from $1.7 billion final yr. RiRi’s fortune comes largely from her vogue model Fenty and her sneaker/attire partnership with Puma.
Congratulations to Jay-Z for doubling his billionaire standing.
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