MUSIC- Forbes has named Jay-Z as hip hop’s first billionaire with an estimated wealth of about $1bn (£800m).
Forbes says the husband of Beyonce built an empire based on music, property, fashion and investments. Jay-Z has stakes in Armand de Brignac champagne, D'Usse cognac, Uber and Tidal. He also owns properties in New York and Los Angeles.
The US magazine also shared that they estimated Jay-Z’s wealth by adding various assets and then "subtracting a healthy amount to account for a superstar lifestyle".
Jay-Z’s wife Beyonce is reportedly worth about $335m. She makes money mostly from her music and endorsements.