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Jay-Z becomes Hip-Hop's first billionaire.
Posted on 6/3/19 at 2:02 pm
Posted on 6/3/19 at 2:02 pm
I thought it was Dre when he sold Beats for $1 billion to Apple.
Anyway...Forbes claims he's actually the first. Here's the breakdown.
$310 Million - Armand de Brignac (Alcohol)
$210 Million - Cash, Investoments
$100 Million - D'usse (Alcohol)
$100 Million - Tidal (Music Streaming)
$75 Million - Roc Nation (Record Label)
$70 Million - Art Collection
$50 Million - Real Estate
Not bad, from selling drugs a little over some decades ago to becoming a billionaire. . His wife is also pretty close to being a billionaire.
Anyway...Forbes claims he's actually the first. Here's the breakdown.
$310 Million - Armand de Brignac (Alcohol)
$210 Million - Cash, Investoments
$100 Million - D'usse (Alcohol)
$100 Million - Tidal (Music Streaming)
$75 Million - Roc Nation (Record Label)
$70 Million - Art Collection
$50 Million - Real Estate
Not bad, from selling drugs a little over some decades ago to becoming a billionaire. . His wife is also pretty close to being a billionaire.
Posted on 6/3/19 at 2:03 pm to agregime1
Not surprised. He's a smart guy, but people on here will write it off as bullshite because he's just another black guy making hip-hop to them.
Jealousy is a bitch.
Jealousy is a bitch.
Posted on 6/3/19 at 2:04 pm to agregime1
quote:
Jay-Z becomes Hip-Hop's first billionaire.
But does he own a $200mm plane?
Posted on 6/3/19 at 2:04 pm to agregime1
Dre wasn't the only owner of beats. They had to split that 3 billion up with a few other people. I believe he ended up walking way with 750 million.
Posted on 6/3/19 at 2:04 pm to agregime1
That doesnt equal a billion.
Posted on 6/3/19 at 2:05 pm to agregime1
Hopefully, he upgrades his Challenger 850 so tOT can melt down.
Posted on 6/3/19 at 2:08 pm to tgrbaitn08
quote:
But does he own a $200mm plane?
Drake doesn't either...
Posted on 6/3/19 at 2:08 pm to agregime1
Russell Simmons has got to be close to a billionaire if he's not already one.
Posted on 6/3/19 at 2:09 pm to agregime1
quote:
$50 Million - Real Estate
I bet he might have learned a thing or two from another billionaire in New York.
Posted on 6/3/19 at 2:10 pm to agregime1
I thought it was 50 cent with Vitamin water?
Edit with info:
"50 Cent was previously one of the world's wealthiest rappers, largely thanks to his minority stake in Vitamin Water. In 2007, the Coca-Cola Company acquired Vitamin Water from Glacéau for $4.1 billion.
According to The Washington Post at the time, "50 Cent was thought to have walked away with a figure somewhere between $60 million and $100 million, putting his net worth at nearly a half billion dollars."
Edit with info:
"50 Cent was previously one of the world's wealthiest rappers, largely thanks to his minority stake in Vitamin Water. In 2007, the Coca-Cola Company acquired Vitamin Water from Glacéau for $4.1 billion.
According to The Washington Post at the time, "50 Cent was thought to have walked away with a figure somewhere between $60 million and $100 million, putting his net worth at nearly a half billion dollars."
This post was edited on 6/3/19 at 2:12 pm
Posted on 6/3/19 at 2:10 pm to CaptainPanic
quote:
Not surprised. He's a smart guy, but people on here will write it off as bullshite because he's just another black guy making hip-hop to them.
They'll probably write him off because he's a former crack dealer and now tries to school general population on social issues.
This post was edited on 6/3/19 at 2:34 pm
Posted on 6/3/19 at 2:11 pm to agregime1
And I've still never heard a single one of his "songs".
Posted on 6/3/19 at 2:11 pm to agregime1
quote:
$100 Million - Tidal (Music Streaming)
Damn does anyone actually use Tidal??
Posted on 6/3/19 at 2:12 pm to Brosef Stalin
Russell Simmons - 340 Million
Puff daddy - 855 Million
Puff daddy - 855 Million
Posted on 6/3/19 at 2:13 pm to agregime1
I don't care what line of business you're in, crossing the $1B threshold is an incredibly impressive accomplishment. Kudos to him.
Posted on 6/3/19 at 2:16 pm to AA77
quote:
Dre wasn't the only owner of beats.
Dre and Jimmy Lovine founded the company then I think a few other companies became majority stock owners which they eventually bought back the stocks right before selling to Apple..
But that wasn't Dre's only money stream.
Does he still produce music?
Posted on 6/3/19 at 2:16 pm to Lawyered
quote:
Damn does anyone actually use Tidal??
I do. I preferred it over Spotify and Apple music. I'm not an audiophile and can't wax poetic about the streaming quality. I just liked it better.
Posted on 6/3/19 at 2:19 pm to agregime1
Hmmm with that money one could afford a new A220 and Citation X+.
Posted on 6/3/19 at 2:20 pm to agregime1
Affirmative action is real folks
Posted on 6/3/19 at 2:25 pm to agregime1
Didn't Dre become the first when he sold Beats?
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