American rapper and music executive Sean Carter, popularly known as Jay-Z, has officially become the world’s richest musician, according to the latest rankings released by Forbes.
Jay-Z’s net worth is now estimated at $2.5 billion, a figure attributed to his expansive portfolio of investments and business ventures beyond music.
His wealth includes stakes in entertainment company Roc Nation, luxury champagne brand Armand de Brignac (Ace of Spades), and cognac label D’Ussé.
He also profited significantly from the sale of music streaming platform Tidal and fashion brand Rocawear.
In addition to his ventures in the music and beverage industries, Jay-Z holds investments in real estate, hospitality, technology, and various startups, further solidifying his status as a global business mogul.
Meanwhile, pop superstar Taylor Swift retained her title as the world’s richest female musician, with a net worth of $1.6 billion.
According to Forbes, Swift is the first artist to reach billionaire status through earnings from her music and tours.
