Jay-Z is now the first billionaire rapper

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Jay-Z is now the first billionaire rapper
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Jay-Z is officially the first rapper to amass a billion-dollar fortune.

For their latest cover story, Forbes magazine details how the Brooklyn-born mogul cinched the title through investments in art, liquor, real estate and shares in tech companies like Uber.

Forbes calculates that Jay-Z has around $220 million in cash and investments, which includes an estimated $70 million stake in Uber, which he purchased for $2 million in 2013. As for his creative enterprises, Jay-Z's got $100 million in the streaming service TIDAL, which he purchased for $60 million in 2015, $75 million in his music and entertainment company, Roc Nation, and $75 million in his own music catalog.

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