Jay Z has been named the richest rapper alive, and his business moves have earned him the respect of many The rapper’s wealth soared to more than double what he was worth last year due to his brands outside of music. Hip-hop fans discussed Jay Z’s wealth on social media, and many said his life story is inspirational.
Shawn Carter, better known as Jay Z, has more than doubled his net worth, according to new estimates by Forbes. Forbes reported on Friday that the Run This Town hitmaker’s net worth was $2.5 billion, making him not only the richest rapper alive but the 1,208th wealthiest person. “The Brooklyn-born rapper was crowned hip-hop’s first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire.”
The publication stated that he made millions from his Armand de Brignac champagne and D’Usse cognac brands.
The rapper has not released new music or toured recently but has managed to increase his wealth in just a year, according to The Shade Room. Jay Z is not far behind media mogul Oprah Winfrey, who is 1,204th on the ranking list. Kanye West, who once held the richest rapper title, lost his billionaire status after Adidas terminated their partnership with him.