Jay-Z accomplished what most didn’t think was possible in his career. The Brooklyn-born rapper emerged as hip-hop’s first billionaire in 2019 and his net worth continues to grow. Between his efforts in the alcohol and cannabis sectors and Roc Nation’s success, among other business ventures, Jay-Z’s entrepreneurial spirit helped him turn into one of hip-hop’s wealthiest figures and we can’t help but celebrate his achievements.
Now that Forbes 2023 World’s Billionaires List arrived, Jay-Z reached another milestone in his career. Hov stands as the only rapper on the list with a net worth of $2.5B – a massive increase from $1.5B last fall. Much of the fortune Jay-Z amassed derives from his liquor businesses, including the 50% stake in Ace Of Spades sold to LVMH and the sale of D’usse to Bacardi two months ago. Meanwhile, his assets also include his music catalog, a wide collection of rare art pieces, and shares in multiple companies, such as Uber.
Did Jay-Z's Protegés Make The List?
With a net worth of $2.5 billion, Jay-Z ranks higher on Forbes List than some of the world’s most notable billionaires. Net-wise, Hov holds a higher ranking than Oprah Winfrey ($2.5B), Donald Trump ($2.5B), Tom Ford ($2.4B), and Michael Jordan ($2B). It’s a testament to Jay-Z’s hustle and drive, especially when each of these individuals were, at one point, a benchmark of success for the Blueprint artist.
While Ye also reached billionaire status in the past, it was a title that he was ultimately stripped of once Adidas cut ties with him. That said, he did not make the Forbes World Billionaire’s list this year following his anti-Semitic press run in the latter half of 2022. Still, Kim Kardashian kept her billionaire status with a net worth of $1.2B. However, Rihanna, Jay-Z’s other protegée, still holds rank among the World’s Billionaires with a net worth of $1.4B, a decline from $1.7B last year. The main source of Rih’s wealth comes from the Fenty line and her collaborative partnership with Puma. Either way, congratulations to Jay-Z for his continued success and for paving the way for others in hip-hop to follow his lead.