How Jay-Z Became Hip-Hop's First Billionaire | Forbes
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- Опубліковано 29 вер 2024
- Ten years ago, two unlikely lunch partners sat down at the Hollywood Diner in Omaha, Nebraska. One, Warren Buffett, was a regular there. The other, Jay-Z, was not. The billionaire and the rapper ordered strawberry malts and chatted amiably, continuing the conversation back at Buffett’s Berkshire Hathaway offices.
Buffett, then 80, walked away impressed with the artist 40 years his junior: “Jay is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from.” This moment, which was originally captured in our 2010 Forbes 400 package, made it clear that Jay-Z already had a blueprint for his own ten-figure fortune. “Hip-hop from the beginning has always been aspirational,” he said.
Less than a decade later, it’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire-and the first hip-hop artist to do so. Jay-Z's steadily growing kingdom is expansive, encompassing liquor, art, real estate (homes in Los Angeles, the Hamptons, Tribeca) and stakes in companies like Uber.
His journey is all the more impressive given its start: Brooklyn’s notorious Marcy housing projects. He was a drug dealer before becoming a musician, starting his own label, Roc-A-Fella Records, to release his 1996 debut, Reasonable Doubt. Since then he’s amassed 14 No. 1 albums, 22 Grammy awards and over $500 million in pretax earnings in a decade.
Crucially, he realized that he should build his own brands rather than promote someone else’s: the clothing line Rocawear, started in 1999 (sold for $204 million to Iconix in 2007); D’Ussé, a cognac he co-owns with Bacardi; and Tidal, a music-streaming service.
Kasseem “Swizz Beatz” Dean, the super-producer behind some of Jay-Z’s biggest hits (“On To The Next One,” Beyoncé’s “Upgrade U”), looks at Jay-Z as something others can model: “It’s bigger than hip-hop … it’s the blueprint for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us.”
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![How Jay-Z Built a $1.3 BILLION Empire [Net Worth, Investments, and Startups]](http://i.ytimg.com/vi/oZelIyyEEG0/mqdefault.jpg)
Put me anywhere on gods green earth, and I’ll triple my worth!
@Midwest Kandi ❤️😂
@@drlove994 .
I will NOT LOSE!
U think Jay Z became a Billionaire strictly by rapping? And he dont rap i think Mase taught em how 2 rap, Jay z is the slowest rapper today and he invested 200million into The prison industrial complex for ankle bracelets for parolees and manages to make A Billion, imo theyre not 4 parolees if u have knowledge on how parole works, U gotta have a address and a phone, u get out prison to go on house arrest.. It sont work like that, Read up on it if u think Im lying, and Bobby Shmurda is the great great great idk how many greats grandson to The Great Harriet Tubman, I dont think she d wanna see him spewing some a them words out his mouth.... And Jay Z ROCKAFELLER look up them ppl, read between the line...
Goat!!!
Good luck on the trillion Mr. Z. Good on you for knowing the whole gangsta thing wouldn't pay the bills forever though.
Huh, the gangster thing some what did actually
Bullshit. Kanye west is already a billionaire. He is even richer than Jay Z.
jay became a billionaire first
No tf he's not lol. His masters over @ Adidas have striped him of his Billionaire status, he's now worth $400m. And he did it to himself.... what a Bozo 😂😂🤦🏿♂️
"I ain't got a billion streams, i got a billion dollars"
"I don't got a billion streams I got a billion dollars"
bro, he tells you everything in his music
💯✔
Credit
I love the way that this narrator tells his story❤
Damnnnnn i feel bad for you son, I got 99 problems and MONEY AIN'T ONE!!!🤑🤑🤑🤑
The narrator didn’t have to go that hard, with that last line😭
HE WENT AFTER HIS DREAMS 🙏
I'm starting my own new years resolutions as a fitness influencer. After getting paid, i want to be a entrepreneur like Jay-Z and Rihanna after doing business courses.
Kanye was a billionaire before Jay-Z but forbes chose to not acknowledge it for whatever reason.
That is the linked video at 2:50 😜 check it out
@@prakash_77 im referring to Jay-Z being the "first". which is a false statement.
@@Rockahfellahh Actually I googled it. They all seem to agree on Jay Z being first hip-hop billionaire. But it looks like Kanye West was given his billionaire tag long after he became one! Earlier they didn't agree upon his stake in Yeezy being worth that much.
You won't believe Forbes when they say Jay-Z is Hip Hop's first Billionaire but somehow believe them when they announce Kanye's a Billionaire. You can't have it both ways. They're either reputable enough that you believe them, or they're not reputable at all. So which is it? If Jay isn't the 1st Billionaire, is Kanye even a Billionaire at all?
@@prakash_77 They didn't agree because his stake wasn't worth nearly as much as he was claiming. He also wasn't announced as a Billionaire at the time, because Forbes didn't agree that he was one.
And now we got the Richest Black Man in the UNITED STATES OF AMERICA by the name of KANYE WEST.😤😤😤
and lie Forbes herself made a video denying Kanye west
Super 🧢. His masters over there at Adidas stripped him of his Billionaire status. He's now @ $400m's ✔
He looks like big Momma!,
😂
still more money than you
The narrator didn’t have to go that hard, with that last line😭
Luck.....that’s why.....he said it himself while in an interview with warren buffet ... “ I was with a friend watching him record in England when my best friend got raided after a big fbi sting....he’d have been with him otherwise...and in the pen no blunt.
So no musical talent, no entrepreneurial skills, no investment knowledge, no business know how. Just "luck".... got it.
You don't go from a street hustler to a billionaire by luck kid it's called business acumen and work ethic.
Or destiny
still YE is richer than him
Big 🧢✔
The fact that people care about who became a Millionaire first is funny asf and also, BIG BROKE muthafucka energy.
Stop hating on kanye forbes , you know the vibe
Been waiting for this video 😁😁
Dre was a billionaire from selling Beats before Jay Z, not that it matters. Kanye says he is but Kanye says a lot of things🤷
Dre didn't get a billion from the deal
God continue to bless Jay-Z! I love him! My Big Brother 🖤👑🌟💎 #TheCarters
When is the forbes hip hop 2020 wealthiest list coming
That's right hov
First comment
Forbes you are at it again, have you really vetted his accounts, how was the Champagne company valued at 300 million? The sales don’t look to high this is exactly what happens with Kyle and Tharonos you are not checking properly your mag is losing credibility
🙏🏿
All lovie dovie with Jay-Z but shunning Kanye, I don’t get it Forbes
It's because they don't really respect Kanye lol
🙏🏿
and his net worth keeps growing... from the drug-infested projects to the hip hop royalty! #bossmoves
Forbes please...Ye was hiphop's first billionaire...
No. The 2nd one, but now Kanye richer than Jay
Ye was first Jay was at slightly under a billion for a couple years. Good to see them both acquiring more wealth especially considering their history.
Just Curious. Do you think saying Kanye was first will make it true? Because all you need is Google and every reputable wealth tracking establishment telling you that Jay is Hip Hop's Billionaire
@@samuelngadi373 well Jay is not the only as you implied, but also Kanye's wealth was not recognized as early and as accurately. There is evidence that Kanye has been at or over a billion since 2018. Plus if we are being honest, we all know Kanye is often not treated or recognized fairly by many media outlets, including Forbes.
Also Diddy and Dre are very close to a billion if my memory serves me correctly both are around $900 million and there might be a few others in that ballpark.
Thought Ye made it before HOV!
Why, cause he said it. 😆
@@thetunkmaster lol facts
🤝🏿
Dr. See when he sold beats by Dre.
💜💜💜💜
All that money but I swear I haven't heard of any of his companies. I also haven't seen two pretty best friends-
Maybe your not his target audience
@@woahwoahwoah8580 completely possible, but tbh I don't care much about expensive shoes but I know Yeezy
Jay-Z made Tidal, a music streaming service, owns/founded Roc Nation, which artists such as J. Cole and Rihanna are signed to, and has stakes in many companies
@@_zeyofficial Thanks for letting me know!
@@trystanfresh Ace of Spades champagne, Tidal music, big investments in Uber, Sports agent, owner of Roc nation and the 40/40 club, once held a stake in the Brooklyn nets, Rapper, Producer, Song writer ect. ect.
🖤
Jay a snake 🐍 He did Dame Dash wrong!
What did Jay Z do to you? What does Dame do for you?
He sold his soul
We are gonna acquire yours.
Or he's just intelligent?
I did also but I’m still poor dummy
@Ibrahim Khan u where there. I did sold mine but I’m still poor explains
@Ibrahim Khan u tell me how u know everyone who becomes rich sold their soul. What about bill gate, Elon sold theirs or it’s only black peoples. Pls use your brain 🧠
Surely not by money from its own.
Why do you think they wanted to reserve that title for Jay Z? We all know Kanye has more lucrative businesses in the culture then J but they are making sure he still gets that title, something is off seems like friends in high places and if that's the case keep an eye on J and watch what they use him for.
Boa tarde FIRST vai amém BOM trabalhos
Untrue Dr.Dre is hiphop first billionaire Jay-Z might be after him.
Dre is still not billionaire.
Does J-Z know how to close his mouth???? Literally this man is always with his mouth open I mean physically open every second of his day and maybe night. I wouldn't be surprised if he suffers from sleep apnea