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OMG! Jay-Z is official the first billionaire rapper

Rapper Jay-Z is the first hip-hop artist to become a billionaire, according to Forbes. The magazine has surveyed Jay-Z's empire - which spans music, a streaming service, liquor, art, real estate and stakes in other companies and determines that it "conservatively totals $1 billion". 

The Forbes magazine in an article published on Monday, opened by recalling a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed. "Jay is teaching in a lot bigger classroom than I'll ever teach in. For a young person growing up, he's the guy to learn from," Warren said.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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The magazine also noted that he built his own brands, the Rocawear clothing line (sold for $204 million in 2007); D'Ussé, a cognac he co-owns with Bacardi; Tidal, the music-streaming service; and his multifaceted Roc Nation music and sports empire. 

The artiste's primary holdings follow, which Forbes calculated by "looking at the artist's stakes in companies like Armand de Brignac champagne - applying our customary discount to private firms - then added up his income, subtracting a healthy amount to account for a superstar lifestyle", which were then vetted by "a roster of outside experts".

(Source: IANS) 

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