American rapper Jay-Z becomes Hip-Hop’s first billionaire before American producer Dr. Dre.
In 2014, Dr. Dre posted a video on Facebook claiming he was Hip-Hop’s first billionaire after he sold Beats, the high-end headphones and streaming music service, to Apple. However, he spoke too soon.
According to TMZ.com, a rep from American Business Magazine, Forbes, said after the $3.2 Billion Apple deal was to be finalized, the rap mogul would not have hit the billion dollar mark. Apparently, after state and federal taxes, Dr. Dre would’ve been worth $800 million.
Now, according to Forbes, the title is secured by Jay-Z.
The American business magazine highlighted the various businesses that Jay-Z either owns or has a stake in, including a $70 million stake in Uber, his ownership of the streaming service Tidal, his $70 million art collection, his ownership of the Roc Nation sports management company, $50 million in assorted real estate holdings and
his music catalogue And being married to superstar Beyonce, worth an estimated $355 million herself.
Jay-Z has over 30 albums. The first being ‘Reasonable Doubt’, which was released in 1996 and ‘Everything is Love’ is the last album, which was released in 2018.