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agregime1
Yale Fan
Member since Mar 2015
1265 posts

Jay-Z becomes Hip-Hop's first billionaire.

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.


CaptainPanic
South Alabama Fan
18.44311,-64.764021
Member since Sep 2011
25582 posts

Not surprised. He's a smart guy, but people on here will write it off as bull shite because he's just another black guy making hip-hop to them.

Jealousy is a bitch.


tgrbaitn08
LSU Fan
LCA131's Head
Member since Dec 2007
131060 posts
 Online 

quote:

Jay-Z becomes Hip-Hop's first billionaire.



But does he own a $200mm plane?


AA77
Member since Jan 2016
3703 posts

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.


Commandeaux
LSU Fan
Zachary
Member since Jul 2009
6739 posts

That doesnt equal a billion.


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640
Obtuse1
Wofford Fan
Westside Bodymore Yo
Member since Sep 2016
19056 posts
 Online 

Hopefully, he upgrades his Challenger 850 so tOT can melt down.


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110
RummelTiger
LSU Fan
Texas
Member since Aug 2004
86793 posts
 Online 

quote:

But does he own a $200mm plane?



Drake doesn't either...


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191
Brosef Stalin
LSU Fan
Member since Dec 2011
37007 posts

Russell Simmons has got to be close to a billionaire if he's not already one.


bad93ex
US Navy Fan
Member since Sep 2018
16498 posts

quote:

$50 Million - Real Estate


I bet he might have learned a thing or two from another billionaire in New York.


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1426
Sgt_Lincoln_Osiris
LSU Fan
Baton Rouge
Member since Dec 2014
1037 posts

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."
This post was edited on 6/3 at 2:12 pm


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161
TD SponsorTD Fan
USA
Member since 2001
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nugget
LSU Fan
Mostly Peaceful Poster
Member since Dec 2009
12835 posts

quote:

Not surprised. He's a smart guy, but people on here will write it off as bull shite 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 at 2:34 pm


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2022
Seldom Seen
USA Fan
Member since Feb 2016
39990 posts

And I've still never heard a single one of his "songs".


Lawyered
Ole Miss Fan
The Sip
Member since Oct 2016
21512 posts
 Online 

quote:

$100 Million - Tidal (Music Streaming)


Damn does anyone actually use Tidal??


FightingTigers138
Southeastern LA Fan
In your thoughts
Member since Dec 2016
5461 posts

Russell Simmons - 340 Million

Puff daddy - 855 Million


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80
ibldprplgld
USA Fan
Member since Feb 2008
22095 posts

I don't care what line of business you're in, crossing the $1B threshold is an incredibly impressive accomplishment. Kudos to him.


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622
OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
105905 posts

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?


HuskyPanda
Temple Fan
Prairieville
Member since Feb 2018
1101 posts

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.


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48
Tempratt
WRMS Girls Soccer Team Kicks Ass
Member since Oct 2013
11013 posts

Hmmm with that money one could afford a new A220 and Citation X+.


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el Gaucho
LA-Lafayette Fan
He/They
Member since Dec 2010
46392 posts

Affirmative action is real folks


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upgrayedd
US Space Force Fan
Lifting at Tobin's house
Member since Mar 2013
129907 posts

Didn't Dre become the first when he sold Beats?


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