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Jay-Z is officially hip-hop’s first billionaire

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It’s official, Forbes has officially declared Jay-Z  hip-hop’s first billionaire.

Hov has reportedly accumulated a fortune that totals $1 billion, making him the first musician in hip-hop to do so. He is also one of only a few entertainers to achieve that feat. According to Forbes, Jay’s empire was built through various deals in liquor (Armand de Brignac and D’Ussé), cash investments, art collections, real estate, streaming services, his record label, and music catalog.

Jay-Z’s cash and investments come to a total of $220 million; his stake in liquor brands D’Ussé and Armand de Brignac totals $410 million; his music streaming platform, Tidal, tallies at $100 million; Roc Nation follows with $75 million; his music catalog rakes in $75 million; his art collection, $70 million; finally, his real estate investments totals $50 million.

Some may assume that Dr. Dre already achieved billionaire status a couple of years ago, but that is untrue. According to Forbes, Dre sold his brand, Beats by Dr. Dre to Apple for $3 billion. While his company is worth billions, Dre’s personal net worth is $850 million.

Jay’s story is especially astonishing considering his journey to the top. Coming out of Brooklyn’s Marcy housing projects, Jay was previously a drug dealer. He later traded in the life for music, founding Roc-A-Fella Records and releasing 14 No. 1 albums.

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Swizz Beatz, the superproducer behind some of Jay-Z’s biggest hits, says that people can look to Jay as the model of success. “It’s bigger than hip-hop … it’s the blueprint for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us,” he said.

Forbes Senior Editor and Jay-Z biographer Zack O’Malley Greenburg, agreed with Swizz, telling VIBE that “Jay-Z’s journey is the modern-day embodiment of the American dream. His ascent offers an invaluable blueprint and inspiration to the next generation of entrepreneurs.”

Source: Vibe.com

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Davido Inks Partnership with UnitedMasters For His Nine+ Records Venture

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Davido Inks Partnership with UnitedMasters For His Nine+ Records Venture

Making yet another major power move, three-time GRAMMY® Award-nominated Nigerian global superstar and Afrobeats pioneer Davido has inked a deal with UnitedMasters for his recently launched label Nine+ Records.

In this groundbreaking collaboration, Davido will spearhead artist development, A&R, and behind-the-scenes curation, nurturing a pioneering lineup of artists across the continent under Nine+ Records. United by a shared vision, the teams will work together to introduce and foster talent, amplifying Davido’s influence and extending his reach even further. This partnership marks a pivotal moment in shaping the future of African and world music.

Together, the teams will collaborate closely in order to not only introduce, but cultivate career talent. It only expands Davido’s influence and reach.

Read Also: Davido gifts fan $50k to payoff student loans

Of today’s announcement Davido said, “I couldn’t be more proud to partner with Steve and the team at United Masters, this announcement represents an exciting new chapter for developing and established artists around the world.”

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Steve Stoute, Founder and CEO of UnitedMasters states, “Over the last 2 years, we’ve proven our commitment to Africa investing in artists, education, and technology. Today, we are doubling down. With this new venture with Davido & the launch of Nine Plus Records, we reinforce our mission in becoming a bridge for artists on the continent. Together we’ll identify & develop new artists while supporting them with brand and synch opportunities.”

Nine+ Records will be announcing more artists and partners in the future.

Last night, Davido just sold out one of the most iconic venues in the world, headlining Madison Square Garden in New York City. He ignited the stage with what will be remembered as a historic set, bringing Afrobeats to the Big Apple in the biggest way possible. In advance of the show, he extensively spoke to Billboard who praised how “Performing in New York has also become a special ritual” for him.

This news also arrives on the heels of various major company announcements for UnitedMasters. The company locked down a high-profile alliance with SymphonyOS and Groover. Plus, it hosted its annual “A Celebration of Independence” GRAMMY® Concert at the Palladium in Hollywood, CA. The show boasted an all-star lineup, including headliner Davido, Uncle Waffles, Tokischa, Donavan’s Yard, and NLE Choppa. Of the latter, The Source wrote, “This marked the first time UnitedMasters featured international acts, solidifying its impact and representation within the global independent artist movement.”

Stay tuned for a whole lot more soon

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Court Orders Service Of Notice For DNA Test To Mohbad’s Wife

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The Chief Magistrate Court in Ikorodu has granted approval to serve a notice for a DNA test to the wife of late singer Ileriouluwa Oladimeji Aloba, known as Mohbad, at her last known address. (more…)

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Ghana’s New Train from Poland Crashes During Test Run

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Reports reaching Ameyaw Debrah Media indicate that the recently imported train from Poland, designated for the Tema-Mpakadan railway route, has encountered an accident. (more…)

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I got into music because my crush always associated with musicians – Tiwa Savage

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Nigerian songstress turned filmmaker, Tiwatope Savage has disclosed that she became a musician because she had a crush on a “guy” who was always around musicians.

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Mr. Drew Addresses Allegations in JAMROCK EVENT CENTRE’s Lawsuit

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Renowned Ghanaian singer and dancer, Andrew Nii Commey Otoo, known by the stage name Mr. Drew has vehemently denied accusations of failing to perform at the Easter Dance Party organized by JamRock Event Centre. (more…)

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I must win Artiste of the Year again – Okyeame Kwame

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Ghanaian rap icon, Kwame Nsiah-Apau, widely known as Okyeame Kwame has boldly declared his determination to reclaim the coveted title of TGMA (Telecel Ghana Music Awards) Artiste of the Year. (more…)

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