HOLLYWOOD—According to Forbes report released Monday, June 3, Shawn Carter, 49, known as rapper Jay-Z has amassed a diversified investment portfolio estimated over $810 million in real estate art, wine, including partial owner of Uber. He has been coined the first billionaire from the hip-hop community.
Forbes highlights how Carter created his $1 billion fortune performance over the past decade which includes a $220 million cash investment in venture capital.
In 2017, he invested $100 million in Cognac D’Ussé liquor taking partial ownership and $310 million in his champagne brand Armand de Brignac.
The rapper has taken risk in startup companies, like Uber where he invested $2 million into the company in 2013, which has an estimated worth over $70 million.
In 2015, he purchased the Swedish digital music streaming company Tidal for $60 million, which is now worth $600 million. Tidal holds over 60 million songs which competes against streaming giants Apple and Spotify. Not excluding $70 million invested in fine arts, Basquiat’s “Mecca” allegedly was purchased for $4.5 million.
Jay-Z and his wife Beyoncé owns several illustrious real estate properties across the United States, that includes a $26 million East Hampton mansion, $88 million Bel Air, California estate, and a Tribeca penthouse.
The Brooklyn, New York born star created his own record label Roc-A- Fella Records in 1996 to release his album “Reasonable Doubt.” Since then, he has had 14 #1 albums debut on the charts and has been nominated for 22 Grammy Awards.