America’s rapper Shawn Carter alias ‘Jay-Z’ is officially a hip hop's first billionaire, Forbes declares.
According to magazine, the rapper has successfully managed to build an empire based on music, property, fashion and investments over the years.
The famous US magazine estimates that Jay-Z’s current wealth to be $1bn, which is equivalent to 2.4trn/-.
Forbes says the husband of singer Beyonce has succeeded simply because he built brands rather than just endorsed them.
In its rankings, Forbes rejected claims that rapper and producer Dr Dre had reached billionaire status.