Hip-hop mogul Jay-Z, also known as Shawn Carter, continues to prove that he is a business titan in his own right. Forbes recently announced that the rapper’s net worth has reached a staggering $2.5 billion, following the sale of his alcohol brand. With this updated ranking, Jay-Z now holds the title of the 1,203rd richest person in the world.
In February, Jay-Z sold 50% of his stake in the D’USSÉ cognac brand back to its parent company, Bacardi, for a reported $750 million after a tense court battle. Despite the sale, the Roc Nation rapper still retains sizeable ownership in the brand. This significant deal has further cemented Jay-Z’s position as a successful entrepreneur and businessman.
Although Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton, remains the richest person in the world with a net worth of $216.1 billion, Jay-Z can now claim bragging rights as the most-paid rapper. This milestone is not the only recent accolade for the music icon.
Billboard named Jay-Z “The Best Rapper Of All-Time,” and he also holds the record for the most Grammy Awards won by a rapper, with 24. However, his title as the greatest rapper has been recently challenged by Lil Wayne, who publicly disputed the claim. The debate gained traction when respected radio personality Angie Martinez voiced her support for Lil Wayne.
Despite the ongoing debate surrounding his title as the best rapper, Jay-Z’s impressive list of accomplishments and number-one hits make it a highly contested discussion. With a growing business empire and a legacy in the music industry, Jay-Z continues to solidify his status as both a powerful entrepreneur and an influential artist.