American rapper, Jay-Z, has become the first hip-hop artist to reach the billionaire status, according to the new cover story in Forbes.
The article talked about a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed.
Less than 10 years later, the magazine surveys Shawn Carter’s empire — which spans music, a streaming service, liquor, art real estate and stakes in other companies — and determines that it “conservatively totals $1 billion.”
It also notes that he realized that he should build his own brands rather than promote someone else’s.
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