top of page

Richest Rapper Alive: Jay-Z Jumps to $2.5 Billion Net Worth

One of Brooklyn’s finest is truly that.



According to Forbes, the Girls Girls Girls rapper has firmly extended his lead as the richest rapper alive thanks to his net worth now reportedly up to a whopping $2.5 billion.


The H to the Izzo rapper is now the 1,203rd wealthiest person on the entire planet thanks to Forbes providing a real-time update of his net worth.


The No. 1 person on the list is French business magnate Bernard Arnault – the CEO of LVMH Moet Hennessey Louis Vuitton – who currently has a staggering net worth of $216.1 billion.


The increase to $2.5 billion means that Jay-Z’s net worth has nearly doubled from last year’s net worth of $1.4 billion.


While Forbes didn’t zero in on the reason for the huge increase, it likely is thanks to the sale of Jay-Z’s controlling stake in his D’USSE cognac brand.


D’UISSE’s parent company, Bacardi, in February agreed to purchase Jigga’s 50% stake for $750 million.


The deal, which has HOV retain a “significant ownership stake,” came on the heels of a legal battle between the two parties.


Shawn Carter first sued Bacardi in October of 2022 about financial transparency, demanding the company to open up its books and all other records.


The rapper from Brooklyn believed Barcardi was lowballing him following him exercising his right to a buyout in 2021. In essence, he was seeking $1.5 billion for his stake, but Bacardi offered just $500 million.


Still, Jay-Z was a billionaire way before these developments. The Roc Nation boss first became a billionaire in 2019 thanks to his liquor, art, real estate and stakes in numerous companies such as Uber.


Two years later his net worth jumped 40% after selling the majority stake in his music streaming service, TIDAL to Twitter co-founder Jack Dorsey’s payments platform Block, Inc for $302 million.


The Blueprint 2 rapper also sold half of his Armand de Brignac champagne to LVMH in a deal that was valued at $640 million.


Photo Credit: DepositPhotos.com

Comments


QG - Ernie Hudson copy 4.jpg
bottom of page