Jay-Z is officially a billionaire - Wrestling Forum: WWE, AEW, New Japan, Indy Wrestling, Women of Wrestling Forums
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post #1 of 12 (permalink) Old 06-03-2019, 01:56 PM Thread Starter
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Jay-Z is officially a billionaire

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Jay-Z is the first hip-hop artist to become a billionaire, according to the new cover story in Forbes.

The article opens by recalling a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed. “Jay is teaching in a lot bigger classroom than I’ll ever teach in,” he said. “For a young person growing up, he’s the guy to learn from.”

Less than 10 years later, the magazine surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.” It also notes that he built his own brands: the Rocawear clothing line (sold for $204 million in 2007); D’Ussé, a cognac he co-owns with Bacardi; Tidal, the music-streaming service; and his multifaceted Roc Nation music and sports empire. (Read the full report here.)

The artist’s primary holdings follow, which Forbes calculated by “looking at the artist’s stakes in companies like Armand de Brignac champagne — applying our customary discount to private firms — then added up his income, subtracting a healthy amount to account for a superstar lifestyle,” which were then vetted by “a roster of outside experts.”

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
Sources: https://variety.com/2019/music/news/...re-1203231415/

https://www.forbes.com/sites/zackoma.../#193aecfb3a5f

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post #2 of 12 (permalink) Old 06-03-2019, 02:23 PM
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Re: Jay-Z is officially a billionaire

always good to hear when you hear of millionaires finally getting out of the pits and breaking that billion. Warms the heart.

no more digging down the back of the sofa for some spare change for that lad.

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post #3 of 12 (permalink) Old 06-03-2019, 02:26 PM
 
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Re: Jay-Z is officially a billionaire

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Originally Posted by UniversalGleam View Post
always good to here when you hear of millionaires finally getting out of the pits and breaking that billion. Warms the heart.

no more digging down the back of the sofa for some spare change for that lad.
TBF he is really one of a kind in what hes done with his media empire. Went from slinging crack rock to having 1 on 1 talks with Warren Buffet and shit.

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post #4 of 12 (permalink) Old 06-03-2019, 02:27 PM
 
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Re: Jay-Z is officially a billionaire

Fuck him the devil worshiper
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post #5 of 12 (permalink) Old 06-03-2019, 02:36 PM
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Re: Jay-Z is officially a billionaire

Time to get out the pitchforks

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The mark wars have begun again

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post #6 of 12 (permalink) Old 06-03-2019, 03:15 PM
 
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Re: Jay-Z is officially a billionaire

He has throughout his career clinged on to the hottest acts of the respective time periods to maintain relevancy
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post #7 of 12 (permalink) Old 06-03-2019, 04:26 PM
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Re: Jay-Z is officially a billionaire

Grats to Hov.

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post #8 of 12 (permalink) Old 06-03-2019, 06:05 PM
 
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Re: Jay-Z is officially a billionaire

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Originally Posted by cacaz View Post
He has throughout his career clinged on to the hottest acts of the respective time periods to maintain relevancy
eh he's still a legend and a god in the rap game any way you slice it.

he's not alone on the pedestal like some claim, nowhere close actually, but his impact on the game is undeniable. too many classics.
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post #9 of 12 (permalink) Old 06-03-2019, 10:02 PM
 
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Re: Jay-Z is officially a billionaire

Jesus imagine him and Bey's combined wealth.

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post #10 of 12 (permalink) Old 06-04-2019, 05:55 AM
 
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Re: Jay-Z is officially a billionaire

still doesn't change the fact that he got outbid by the creator of Minecraft

take that, elitism!

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