Jay-Z is officially a billionaire — according to Forbes.
The rapper becomes the first to do so, beating out Dr. Dre and Diddy who aren’t far behind.
To calculate Jay’s net worth, Forbes looked at his stakes in companies like Armand de Brignac champagne.
Here’s a breakdown of the value of the empire he’s created:
— $310 million for Armand de Brignac champagne
— $220 mil in cash and investments, including a $70 million stake in Uber
— $100 mil for D’Usse cognac
— $100 mil for Tidal
— $75 mil for Roc Nation
— $75 mil for his music catalog
— $70 mil art collection
— $50 mil in real estate
And there it is. Congrats, Jay!