Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Jay-Z becomes first hip-hop billionaire, according to Forbes

Rapper Jay-Z is the first hip-hop star to become a billionaire, according to Forbes (Dennis Van Tine/PA)
Rapper Jay-Z is the first hip-hop star to become a billionaire, according to Forbes (Dennis Van Tine/PA)

Rapper Jay-Z is the first hip-hop star to become a billionaire, according to Forbes.

The 49-year-old musician reached the milestone thanks to business interests in fashion, a sports management company and a stake in ride hailing app Uber, the magazine said.

Jay-Z, who is married to pop star Beyonce, is also a part owner of the streaming service Tidal, another source of income on top of his chart-topping music.

Jay-Z
Jay-Z, who is married to Beyonce, has become the first billionaire rapper, according to Forbes (Adam Davy/PA)

It means his net worth “conservatively totals” one billion US dollars, about £789 million, Forbes said.

The magazine said it calculated his total amount by adding up his income before subtracting “a healthy amount to account for a superstar lifestyle”.

It then checked the estimate with outside experts to make sure it was “fair and conservative”.

The nearest hip-hop figure to Jay-Z is Diddy, Forbes said, with an estimated net worth of 825 million US dollars, about £651 million.

It had been thought Dr Dre became the first billionaire rapper when he sold his Beats company to Apple in 2014 for 3 billion US dollars, but Forbes said his net worth would have been about 800 million US dollars due to taxes.

Jay-Z, whose real name is Shawn Carter, was born in New York City and rose to fame after releasing his debut album, Reasonable Doubt, in 1996.

He married Beyonce, 37, in 2008, and they have three children.

Already a subscriber? Sign in

[[title]]

[[text]]