Jay-Z is Reportedly The First Rapper to Become a Billionaire

Jay-Z is Reportedly The First Rapper to Become a Billionaire

Jay-Z is Reportedly The First Rapper to Become a Billionaire

Jay-Z, who grew up in a Brooklyn housing project, rose to fame in 1996 with his debut album Reasonable Doubt.

All that has helped him to become the first billionaire rapper, according to Forbes.

JAY-Z now holds the title of being Hip-Hop's first billionaire.

Jay-Z has been much more than a rapper, realizing that he needed to build how own brands rather than promote someone else's. His sixth album, 2001's The Blueprint, was added to the Library of Congress' National Recording Registry - reserved for albums that are "culturally, historically, or aesthetically significant" - earlier this year.

Forbes calculates that Jay-Z has around $220 million in cash and investments, which includes an estimated $70 million stake in Uber, which he purchased for $2 million in 2013.

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According to a new report released by Forbes on Monday, the rapper turned mogul has become the first hip-hop artist to amass a billion-dollar fortune with his impressive investments across liquor, art, real estate and companies like Uber.

It was often assumed that Dr Dre reached billionaire status in 2014 after selling his Beats headphone business to Apple.

After bragging, what's better than one billionaire - Jay-Z officially is one.

"Jay is teaching in a lot bigger classroom than I'll ever teach in", Warren Buffett once said to Forbes magazine, "For a young person growing up, he's the guy to learn from".

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