written by Edem

It’s official! Ace American Hip-Hop icon, Shawn Corey Carter stage name Jay-Z or better still Jigga’s net worth has gone like a bat out of hell to $2.5 billion, according to a new Forbes report published Friday, March 24.

While the report is thin on details, it points out that the fortune of the Roc Nation Record label bankroller who was 53 years ago reaches far beyond music.

Last month, Hov not only performed “God Did” at the Grammy Awards with DJ Khaled, Lil Wayne, Rick Ross, John Legend, and Fridayy, he settled a months-long legal battle with Barcardi over his D’ussé Cognac brand that saw the beverage giant acquiring a majority stake reportedly worth about $750 million — which was a key factor in boosting his net worth — while Jay retains a “significant ownership stake,” according to a press release.

“Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D’Usse cognac,” it says.
“The Brooklyn-born rapper was crowned hip-hop’s first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire,” pointing out assets from his Roc Nation entertainment and sports empire to a fine-art collection including works by Jean-Michel Basquiat.

Around 2019, when Forbes first proclaimed the Blueprint rapper a billionaire, his investments were outlined thus:

● Armand de Brignac champagne: $310 million
Cash & investments, including a stake in ● Uber worth an estimated $70 million: $220 million
● D’Ussé cognac: $100 million
● Tidal streaming service: $100 million
● Roc Nation: $75 million
● Music catalog: $75 million
● Art collection: $70 million
● Real estate: $50 million

Meanwhile, that total had ascended to $1.5 billion last fall, according to a list compiled by former Forbes editor Zack O’Malley Greenburg.

Writer’s Email: edemlatsu093@gmail.com