Jay-Z‘s maintaining his billionaire status.
Jay-Z Ranks No. 5 on Forbes’ Billionares List
In Forbes‘ recently released celebrity billionaires list, published on Tuesday (April 2), the outlet reports that Jay has a net worth of $2.5 billion, ranking him at No. 5 ahead of Kim Kardashian, Rihanna and LeBron James. Jigga, who became hip-hop’s first 10-figure earner thanks to his alcohol brands, D’Usse Cognac and Armand de Brignac Champagne, has since sold stakes in those companies, but his net worth has remained at $2.5 billion from 2023 to this year.
According to Forbes, despite Hov selling 50 percent of his stake in Armand de Brignac to LVMH in 2021 for at least $300 million and a majority of his stake in D’Usse cognac last year for a reported $750 million to Bacardi, it can be presumed that other investments such as Uber and Block has continued to rack in major bucks for the rapper-turned-businessman. Jay-Z also has an array of other assets from his fine arts collection, which includes work by the revered Jean-Michel Basquiat and Hov’s extensive music catalog.
Read More: Jay-Z Is Now Worth $2.5 Billion – Report
Jay-Z’s Net Worth Skyrockets From 2022 to 2023
Jay-Z upped his wealth dramatically last year, jumping from $1.5 billion in fall of 2022 to $2.5 billion in a mere five months time. It’s unclear what specifically attributed to this net worth increase, but it’s known that Hov doesn’t shy away from lucrative investments, whether they’re done publicly or the ink dries in private.
Other investments Jay-Z has made has been in companies such as: Stellar Pizza, beauty brand Madison Reed, marijuana software company Flowhub and Oatly, a Swedish plant-based milk company.
Read More: Jay-Z’s Biggest Public Investments
See the Most Expensive Rapper Homes Anyone Would Want to Live In
Homes owned by Future, Drake, YoungBoy Never Broke Again and more.
Source link
