Jay Z’s Net Worth Rises to $2.5 billion and Maintains Richest Rapper Title, Social Media Stunned
- Jay Z has been named the richest rapper alive and his business moves have earned him the respect of many
- The rapper's wealth soared to more than double what he was worth last year due to his brands outside of music
- Hip-hop fans discussed Jay Z's wealth on social media and many said his life story is inspirational
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Shawn Carter known as Jay Z has more than doubled his net worth according to new estimates by Forbes.
Forbes reported on Friday that the Run This Town hitmaker's net worth was $2.5 billion making him not only the richest rapper alive but the 1,208th wealthiest person.
"The Brooklyn-born rapper was crowned hip-hop’s first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire."
The publication stated that he made millions from his Armand de Brignac champagne and D’Usse cognac brands.
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The rapper has not released new music or toured recently but has managed to increase his wealth in just a year, reported The Shade Room.
Jay Z is not far behind media mogul Oprah Winfrey who is 1,204th on the ranking list.
Kanye West who once held the richest rapper title, lost his billionaire status after Adidas terminated their partnership with him.
Netizens on Twitter react to Jay Z's ranking by Forbes
"You know puff got more money. He’ll be transparent at some point again."
"Greatest rapper ever!"
"The 1,203rd tho sheesh, I ain't even know it was that many of them."
"Who cares. He’s not doing anything for the black communities."
"To go from the projects to become a billionaire is an amazing feat. Upward mobility is key."
"Kanye will be back in that spot."
"It’s crazy to think there are 7 billion people on this planet and most of the wealth is shared by 1000-odd people."
"The real story here is there are 1207 people more wealthy than him."
Aliko Dangote named 78th richest man in the world
Aliko Dangote, Nigeria's richest man kick-off 2023 as the world's 78th wealthiest billionaire, up 22 places from last year's position of 100 on the Bloomberg billionaire list.
Despite the higher ranking, Dangote's fortune is $400 million (N182 billion) lower according to Bloomberg.
As of Sunday, January 8, 2023, Dangote is worth $18.7 billion compared to the N19.1 billion net worth he started in January 2022.