Jay Z’s net worth doubles to 2.5 billion dollars
Jay Z’s net worth doubles to 2.5 billion dollars
As of Saturday March 25 2023, Jay Z’s net worth is $2.5 billion.
According to Forbes news, the 53-year-old rapper’s net worth has almost doubled since the last four years when it was reported he was worth around $1.4 billion.
The magazine reported on Friday, March 24 that the Roc Nation founder is now the 1,203rd wealthiest person on the planet.
The report of Jay-Z’s current net worth comes after he sold his 50% stake of his D’Usse cognac back to its parent company Bacardi for a reported $750 million in February after an intense court battle with them.
He still retains a significant ownership in the brand though.
The report notes that the Grammy Award-winning artist’s fortune is from his many investments not just music as perceived by many as they know him.
“Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D’Usse cognac,” they wrote.
The legendary rapper was crowned hip-hop’s first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire.
The report adds, noting “his assets range from his Roc Nation entertainment and sports empire to a fine-art collection including works by Jean-Michel Basquiat.”
With his reported current net worth, the best rapper of all time has extended his lead as the richest hip-hop mogul.
