Billionaire JayZ and Black America Celebrates

Lee Bailey’s reports Jay-Z has always lived in a billionaire state of mind, but now it’s official. The rapper and businessman has made history as hip-hop’s first billionaire, according to a new Forbes cover story published on Monday. The magazine conservatively estimates his fortune totals more than $1 billion.

According to the Huffington Post, apart from his two-plus-decade music career that boasts a $75 million catalog, a host of high-grossing tours, his own record label and streaming service, the rapper has made major money moves in the art, fashion, liquor and tech sectors.