As of Friday March 24, Jay Z's net worth climbed to $2.5 billion, according to an update by Forbes. According to the news, the 53-year-old’s net worth has almost doubled since last year when it was reported he was worth $1.4 billion.
The magazine reported on Friday, March 24 that the Roc Nation founder is now the 1,203rd wealthiest person on the planet.
The report of Jay-Z's current net worth comes after he sold his 50% stake of his D'Usse cognac back to its parent company Bacardi for a reported $750 million in February after an intense court battle.
He still retains a significant ownership in the brand. The report notes that the Grammy Award-winning artist's fortune is from his many investments not just music as perceived by many.
"Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D'Usse cognac," it says.
The Brooklyn-born rapper was crowned hip-hop's first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire," the report adds, noting his assets range from his Roc Nation entertainment and sports empire to "a fine-art collection including works by Jean-Michel Basquiat."
With his reported current net worth, Jigga has extended his lead as the richest hip-hop mogul.
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