Jay-Z holds the title as the wealthiest musician globally.
Jay-Z, the legendary rapper and entrepreneur, has built an impressive empire that extends beyond music. His diverse portfolio includes investments in art, technology, and the alcohol industry, among others.
In the world of art, Jay-Z owns pieces by the renowned artist Jean-Michel Basquiat. His collection, while not publicly valued, is a testament to his appreciation for the visual arts.
Jay-Z's foray into the alcohol business has been particularly profitable. Since 2019, he has more than doubled his fortune through his lucrative partnership with the cognac brand D'Usse. In February 2023, he sold a significant portion of his stake in D'Usse to Bacardi.
Another successful venture is his champagne brand, Armand de Brignac (Ace of Spades), which attracted the attention of LVMH in 2021. The luxury goods conglomerate acquired a 50% stake in the brand, a move that no doubt boosted Jay-Z's fortunes.
Jay-Z's business acumen has earned him recognition beyond the music industry. In 2021, he was inducted into the Rock & Roll Hall of Fame. He has also been recognised by Billboard and Rolling Stone as one of the "100 Greatest Artists of All Time".
In the realm of music, Jay-Z holds an impressive 22 Grammy Awards, a testament to his enduring talent and influence. However, when it comes to wealth, he is the wealthiest person in the world of hip-hop. Currently, he ranks at 1529th place in the overall wealth ranking.
While Jay-Z's wife, Beyoncé, is a powerhouse in the music industry, her estimated net worth of approximately $540 million does not yet place her among the richest people in the world by Forbes' rankings. Rihanna, on the other hand, boasts a net worth of $1 billion, making her the second wealthiest musician and the wealthiest woman in the music industry.
Kanye West, another renowned musician, has a net worth of $400 million. Meanwhile, Bruce Springsteen, a legendary figure in rock music, has a net worth of $1.2 billion.
As of the information provided, there are no recent significant sales of Jay-Z's stakes in his businesses, nor any new acquisitions or partnerships for Armand de Brignac (Ace of Spades) or D'Usse.
Jay-Z's journey from music to business continues to be a source of inspiration for many. His success serves as a testament to the power of diversification and strategic investments.
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