Showbiz

Forbes names Jay-Z world’s 1st hip-hop billionaire

 

American rapper, Shawn Carter, better known as Jay-Z, has no doubt established himself as a talented entertainer and a skilled businessman.
Not many people can boast of being endowed with both talents and Jay-Z is finally reaping the fruits of his doggedness.
According to a new publication by Forbes, the rapper has finally become a billionaire.
He was named as one of the handful entertainers to attain such a feat as well as the first hip-hop rapper to achieve this feat.
It was also gathered that the billionaire rapper is involved in several profitable businesses including real estate, liquor, art collections and more.
According to Forbes, his music catalog is worth $75m, his streaming service, Tidal is worth $100m, his art collection is worth $70m, his cash and investments are worth $220m, to name a few.
Recall,  that American reality star, Kylie Jenner, was named the world’s youngest billionaire at age 21.
The young reality TV star became a business mogul after she launched her cosmetic line which included lip sticks and lip liners in 2015.
Since its launch, her products were sold out online in a few minutes and her distribution deal with a beauty retailer, Ulta, also helped give her products a wider reach in their over 1,000 outlets for customers who would prefer to see and feel the products before purchasing.
According to Forbes, Kylie is the youngest person to reach a 10 figure fortune at just 21 surpassing Mark Zukerberg who achieved the feat at 23.


 …Rihanna as richest female musician globally

Rihanna is the wealthiest female musician in the world, according to Forbes.
At 31 years old, she has amassed a $600 million fortune, putting her ahead of fellow music superstars including #Madonna ($570 million), #CélineDion ($450 million), and #Beyoncé ($400 million)
But it’s not music or concert sales that make up the bulk of Rihanna’s wealth. Instead, it’s her partnership with French luxury goods giant LVMH, who co-owns Fenty Beauty. The makeup brand launched in September 2017 and became a viral success with a reported $100 million in sales in its first few weeks. After only 15 months, Fenty Beauty has reportedly generated an estimated $570 million in revenue and is worth more than $3 billion overall.

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