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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.

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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TikTok star, Jackline Mensah Survives fire accident in her home

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Ghanaian TikTok star, Jackline Mensah has escaped a near death situation. (more…)

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The Recording Academy invites Wiyaala to its 2022 membership class

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The “Lioness of Africa,” Wiyaala has been invited to join the Recording Academy’s class of 2022. (more…)

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Kofi Adjorlolo and Shatta Wale’s mother reportedly set to wed

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According to multiple reports, Ghanaian actor, Kofi Adjorlolo is set to wed Madam Elsie, the mother of popular dancehall artiste, Shatta Wale. (more…)

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Burna Boy says Toni Braxton gets 60 percent royalty from his sampling of ‘He Wasn’t Man Enough

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Burna Boy has revealed in an interview that American R & B star Toni Braxton gets 60% of the royalties of his last single ‘Last Last.’ Burna Boy made this revelation when answering questions of how the single came about while appearing on a podcast. (more…)

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Black Maidens banned and fined $100,000 for age cheating in the U-17 FIFA Women’s WC

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Ghana have been banned from competing in the next two editions of the FIFA U17 Women’s African Qualifiers and fined $100,000 by the Confederation of African Football. (more…)

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ZAKIA is poised to takeover the music scene with new EP ‘Purpose’

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Although the music industry in Ghana is heavily dominated by males, there are a few young women, pulling their weight, and rubbing shoulders with their male counterparts. (more…)

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