Forbes has updated Jay-Z’s net worth. The Brooklyn rapper is still a billionaire, raking in a network of $2.5B.
The “Song Cry ” rapper’s net worth was updated to $2.5B by Forbes. It includes his businesses outside of music such as his drinking companies D’Usse and Armand de Brignac champagne.
The financial increase comes from his work with his Roc Nation company and Marcy Venture Partners who raised $85M in 2019.
Jay-Z’s billionaire status was confirmed in 2019, making him the first-ever billionaire in hip-hop. His former labelmate Kanye West’s billionaire status was dropped in 2022 shortly after becoming one in the year 2020.
After Forbes dropped Ye from billionaire status, they replaced him with Bad Boy Entertainment’s boss Diddy, who was also in a feud with Kanye West in 2022.
This comes years after Diddy failed to reach the billionaire status he was reported en route to reaching in 2011.
Jay-Z Wants To Bring A Casino To Times Square
While the New York native Jay-Z has increased his billionaire status, he’s also been making other moves in business. In 2022, Hov’s latest move was to team up with investors to bring a casino to Times Square in New York City.