Jay-Z declared first hip-hop billionaire

Jay-Z declared first hip-hop billionaire

Jay-Z once rapped "I'm not a businessman, I'm a business, man." Turns out he was right.

The superstar rapper is also a fashion trendsetter, a streaming music mogul, a sports management company owner and Mr. Beyonce Knowles.

All that has helped him to become the first billionaire rapper, according to Forbes.

"Less than a decade later, it's clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so," Forbes' Zack O'Malley Greenburg writes.

The media company ticked through the various businesses that Jay-Z, whose real name is Shawn Carter, either owns or has a stake in.