Jay-Z officially becomes hip-hop's first billionaire, according to Forbes.
The Brooklyn-born rapper and mogul, whose real name is Shawn Carter, has amassed a fortune worth $1 billion,,"making him one of only a handful of entertainers to become a billionaire — and the first hip-hop artist to do so."
Jay-Z's sprawling business empire includes stakes in liquor, art, real estate and big-name companies like Uber. The 22-time Grammy winner also launched his own brands, including the clothing label Rocawear, which was sold to Iconix for more than $200 million in 2007. The relatively short list of entertainment industry billionaires also includes"Star Wars" creator George Lucas, Oscar-winning director Steven Spielberg, lifestyle guru Oprah Winfrey and retired NBA star Michael Jordan,Forbes said it calculated the artist's net worth by evaluating his positions in private companies, adding up his income and subtracting"a healthy amount to account for a superstar lifestyle.
Jay-Z, 49, and his wife, pop superstar Beyoncé, officially became a billion-dollar pair in 2017 with a . Beyoncé, 37, has an individual net worth of more than $350 million, according to Forbes calculations.
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