Shortly after declaring Jay-Z as hip-hop’s first billionaire, Forbes has released the list of this year’s richest rappers as they predict who will be the next billionaire in the rap world. Compiling the ranking of the richest rappers, Forbes said it pored over financial documents, valued major assets, and consulted analysts, managers, attorneys, and other industry insiders.
Naturally, African-American rapper turned music mogul Jay-Z topped the list of hip-hop’s richest stars this year. Real name Shawn Corey Carter, news about the rapper’s latest achievement as hip-hop’s first billionaire has been trending on social media after Forbes released a teaser of a full interview with the 49-year-old father of three and husband of equally celebrated musician Beyonce.
Jay-Z’s fortune comes after his smart move into the music business with the release of services such as Tidal and Roc Nation, but the music industry isn’t all that Jay-Z has been investing his money in.
The 22 Grammy-award-winner owes his 1 billion dollar peak to other ventures such as real estate, art and shares in global brands such as Uber, and thanks to a break down by Forbes, fellow musicians, as well as, individuals who hope to become billionaires can pick a few lessons.
It appears that the following names have already made progress in that regard as they made the cut for hip-hop’s next billionaires. Here’s how they fared: