JAY-Z continues to increase his fortune.
Forbes estimates that the latest sale of D’USSÉ has increased the Roc Nation mogul’s net worth to a staggering $2.5 billion.
He sold Bacardi half of his cognac company for $750 million to settle a well publicised court dispute, although he still has a substantial ownership interest in the company.
According to TMZ’s latest report, Hov is now the 1,203rd wealthiest person in the world.
As the owner of a business empire that includes Roc Nation and Armand de Brignac, JAY-Z has the distinction of being the wealthiest rapper in 2019. He sold LVMH Mot Hennessy Louis Vuitton 50% of the premium champagne company in 2021.
Hov has his sights set on the next billion. He is working with Amazon founder Jeff Bezos to purchase the Washington Commandos and has joined an investment consortium to develop the first full-scale casino in New York City’s Times Square.
There are more rappers in the billionaire’s club besides JAY-Z. Thanks to his Ciroc collaboration with Diageo, DeLeón Tequila, and the REVOLT media network, Diddy amassed a $1 billion fortune in October, making him the second wealthiest man in hip-hop. He is now trying to broaden his business horizons by purchasing BET’s controlling interest.
Former Forbes editor Zack O’Malley Greenburg placed Kanye West ($500 million), Berner ($410 million), and Dr. Dre ($400 million) on a list of hip-hop’s richest musicians in 2022.
