Jay-Z Ranks No. 5 on Forbes’ Billionaires List

Jay-Z’s sustaining his billionaire standing.

Jay-Z Ranks No. 5 on Forbes’ Billionaires Listing

In Forbes’ just lately launched superstar billionaires record, printed on Tuesday (April 2), the outlet stories that Jay has a internet price of $2.5 billion, rating him at No. 5, forward of celebrities like Kim Kardashian (No. 6), Rihanna (No. 9) and LeBron James (No. 11). Jigga, who grew to become hip-hop’s first 10-figure earner due to his alcohol manufacturers, D’Usse Cognac and Armand de Brignac Champagne, has since offered stakes in these corporations, however his internet price has remained at $2.5 billion from 2023 to this yr.

In line with Forbes, regardless of Hov promoting 50 % of his stake in Armand de Brignac to LVMH in 2021 for at the least $300 million and a majority of his stake in D’Usse cognac final yr for a reported $750 million to Bacardi, it may be presumed that different investments reminiscent of Uber and Block have continued to rake in main bucks for the rapper-turned-businessman. Jay-Z additionally has an array of different property from his high-quality arts assortment, which incorporates work by the revered painter Jean-Michel Basquiat and Hov’s in depth music catalog.

Learn Extra: Jay-Z Is Now Price $2.5 Billion – Report

Jay-Z’s Web Price Skyrockets From 2022 to 2023

Jay-Z upped his wealth dramatically final yr, leaping from $1.5 billion in fall of 2022 to $2.5 billion in a mere 5 months time. It is unclear what particularly attributed to this internet price enhance, however it’s recognized that Hov does not shrink back from profitable investments, whether or not they’re executed publicly or the ink dries in personal.

Different investments Jay-Z has made has been in corporations reminiscent of: Stellar Pizza, magnificence model Madison Reed, marijuana software program firm Flowhub and Oatly, a Swedish plant-based milk firm.

Learn Extra: Jay-Z’s Greatest Public Investments