The statement has been confirmed. Jay-Z holds the distinction of being the most affluent rapper-turned-businessman globally.
Based on the recently published Forbes’ 2023 World’s Billionaires list, Jay-Z emerges as the sole rapper included in the compilation, whilst Kanye West is conspicuously absent from the aforementioned roster. The co-founder of Roc Nation has significantly increased his total net worth, rising from $1.5 billion in the previous autumn to an impressive $2.5 billion at present.
Remarkably, the hip-hop billionaire possesses a bigger net worth in comparison to notable figures such as Oprah Winfrey, with a staggering $2.5 billion, fashion designer Tom Ford, with $2.2 billion, and NBA star Michael Jordan, with $2 billion.
According to a report by Forbes, Hov has accumulated his wealth from his lucrative ventures in the booze industry. In the year 2021, the renowned conglomerate LVMH acquired a 50 percent ownership interest in the champagne enterprise of Jay, which is recognized as Armand de Brignac and popularly referred to as Ace of Spades.
Furthermore, it should be noted that the rapper from Brooklyn divested a significant portion of his ownership in his cognac label, D’Usse, to Bacardi during the month of February in the year 2023.
In addition to his liquor empire, Jay-Z possesses a diverse variety of assets in his portfolio. These assets encompass his music catalog, a collection of fine art that includes expensive works by Jean-Michel Basquiat, and holdings in service-oriented enterprises such as the car-sharing service Uber and the financing company Block.
In recent developments, it has come to light that Kanye West’s position on the Billionaires list has been compromised subsequent to the termination of his association with Adidas. This decision was prompted by the artist’s contentious conduct within the firm, along with his expression of anti-Semitic sentiments through various online platforms and interviews. According to Forbes, Kanye West’s present net worth amounts to $400 million.
It is noteworthy to mention that Kim Kardashian, the former spouse of Kanye West, currently maintains a billionaire status, possessing a net worth of $1.2 billion, which has experienced a decline from $1.9 billion in the previous year.
Another noteworthy individual on the list of billionaires is Rihanna. The individual, recognized as an R&B luminary, was enlisted by Jay-Z during his tenure as the CEO/president of Def Jam in 2009. Their current net worth stands at $1.4 billion, reflecting a decrease from the previous year’s $1.7 billion. The majority of Rihanna’s wealth is derived from her fashion label, Fenty, as well as her collaboration with Puma in the production of sneakers and apparel.
Jay-Z’s achievement of tripling his billionaire status is commendable.
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