CASHOUT!: Hip-Hop’s First Billionaire Jay-Z Now Worth $2.5 Billion; Ranks 1,203rd In The World

Jay-Z is catching the headlines once more for his business acumen and proficiency. As a result, the Hip-hop mogul’s net worth has increased significantly. As of March 24, Jay-Z is the 1,203rd richest person on the planet, according to a survey. He is said to be worth an estimated $2.5 billion. With a stated valuation of $216.1 billion, French business tycoon Bernard Arnault, CEO of LVMH Moet Hennessy Louis Vuitton, is now ranked first.

According to the report, the Grammy Award-winning musician’s income goes beyond music. It claims that Jay-Z makes millions from his Armand de Brignac champagne and D’Usse cognac “even in a year without a tour or album release.”

According to the report, The Brooklyn-born rapper was named the first billionaire in hip-hop by Forbes in 2019 as a result of his vast and diversified empire, noting that his assets include everything from his Roc Nation entertainment and sports empire to a fine-art collection that includes works by Jean-Michel Basquiat.

Jay-Z, popularly known as Jigga, has increased his lead as the wealthiest hip-hop mogul with his reported current net worth. He topped Forbes’ list the previous year with an estimated $1.5 billion net worth.

Thanks to the ongoing success of his Ciroc collaboration with Diageo, DeLeon Tequila, and the REVOLT network, Sean “P. Diddy” Combs has now dethroned Kanye West as the No. 2 hip-hop artist, officially joined the billionaire boys club in October.

Kanye West is no longer a billionaire because Adidas severed its relationship with him following the anti-Semitic episode. After failing to close the acquisition with the renowned athletic apparel brand, his $1.5 billion net worth was believed to have fallen to $400 million in October 2022.

After a protracted legal struggle, Jay-Z sold his D’Usse cognac company’s 50% ownership back to its parent company Bacardi in February for an estimated $750 million. As a result, this information about Jay-current Z’s net worth is revealed. He still has a sizable ownership stake in the company, however.