Jay-Z, born Shawn Carter, is the first hip-hop artist to have a fortune which “conservatively totals $1 billion”, according to a report published by Forbes.
Detailed in the report, Forbes takes “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.”
His stake in Amand de Brignac champagne is reportedly over $300 million, with another $100 million in D’Ussé cognac.
Carter also has a $70 million stake in the artist-owned Tidal streaming service, which announced a $1 million grant program for emerging artists in February this year.
In 2016, Tidal were reportedly being sued by Prince's estate for streaming rights over his 2015 album, 'HITNRUN Phase One'.
Read the full Forbes report here.