Tuesday, September 27, 2022

Jay-Z is a Billionaire. Why Did Black America Celebrate? (Watch)

Attorney Antonio Moore discusses the recent announcement that Jay Z is hip hop’s first billionaire.

Jay-Z has always lived in a billionaire state of mind, but now it’s official. The rapper and businessman has made history as hip-hop’s first billionaire, according to a new Forbes cover story published on Monday. The magazine conservatively estimates his fortune totals more than $1 billion.

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While Forbes has been historically opaque about its wealth calculations of the rich and famous, the report details various assets and investments that have reaped some serious profits for Jay-Z.

Apart from his two-plus-decade music career that boasts a $75 million catalog, a host of high-grossing tours, his own record label and streaming service, the rapper has made major money moves in the art, fashion, liquor and tech sectors. Huff Post

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