Jay-Z’s sustaining his billionaire standing.
Jay-Z Ranks No. 5 on Forbes’ Billionaires Record
In Forbes‘ lately launched superstar billionaires listing, printed on Tuesday (April 2), the outlet studies that Jay has a web price of $2.5 billion, rating him at No. 5, forward of celebrities like Kim Kardashian (No. 6), Rihanna (No. 9) and LeBron James (No. 11). Jigga, who turned hip-hop’s first 10-figure earner because of his alcohol manufacturers, D’Usse Cognac and Armand de Brignac Champagne, has since offered stakes in these corporations, however his web price has remained at $2.5 billion from 2023 to this yr.
In line with Forbes, regardless of Hov promoting 50 p.c of his stake in Armand de Brignac to LVMH in 2021 for no less than $300 million and a majority of his stake in D’Usse cognac final yr for a reported $750 million to Bacardi, it may be presumed that different investments similar to Uber and Block have continued to rake in main bucks for the rapper-turned-businessman. Jay-Z additionally has an array of different property from his high quality arts assortment, which incorporates work by the revered painter Jean-Michel Basquiat and Hov’s in depth music catalog.
Learn Extra: Jay-Z Is Now Value $2.5 Billion – Report
Jay-Z’s Web Value Skyrockets From 2022 to 2023
Jay-Z upped his wealth dramatically final yr, leaping from $1.5 billion in fall of 2022 to $2.5 billion in a mere 5 months time. It is unclear what particularly attributed to this web price enhance, however it’s identified that Hov does not draw back from profitable investments, whether or not they’re achieved publicly or the ink dries in non-public.
Different investments Jay-Z has made has been in corporations similar to: Stellar Pizza, magnificence model Madison Reed, marijuana software program firm Flowhub and Oatly, a Swedish plant-based milk firm.
Learn Extra: Jay-Z’s Largest Public Investments
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