Jay-Z Is The First Rapper To Become A Billionaire

He's got 99 problems but his bank account ain't one.

Cementing he and wife Beyonce's status as Hollywood's ultimate power couple, Jay-Z has hit a major milestone in becoming hip-hop's first billionaire, according to Forbes.

Jay-Z, whose real name is Shawn Carter, not only has a successful rap career under his belt, but also a number of business ventures, art and real estate, with Forbes “conservatively” valuing the 49-year-old's empire at an eye-watering $1bn.

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The star's most valuable assets include his $310m ownership of Armand de Brignac champagne, a $100m stake in D’Ussé cognac, his $100m Tidal streaming service, $50m in real estate and a $70m investment in Uber. It's also believed that his music catalogue is worth about $75m.

Kasseem 'Swizz Beatz' Dean, a friend, and producer of some ofJay-Z's biggest hits told Forbes that the rapper's empire is "still growing".

"It's the blueprint for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us," he said, adding, “If he’s a billionaire now, imagine what he’s about to be because he’s only just starting.”

Forbes senior editor and Jay-Z biographer Zack O'Malley Greenburg agreed with Swizz, saying, "Jay-Z's journey is the modern-day embodiment of the American dream. His ascent offers an invaluable blueprint and inspiration to the next generation of entrepreneurs."

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Appearing alongside the hip hop mogul for the magazine's cover was fellow investor Warren Buffet, who spoke about the rapper back in 2010, saying, "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."

Jay-Z took out the top spot in hip hop's wealthiest just ahead of P Diddy, who has an estimated net worth of $855 million. This is closely followed by rapper comes Dr Dre, who sold his brand 'Beats by Dre' to Apple for $3 billion in 2014 -- inflating his personal net worth to $850 million.

Image: Getty