Music moguls Diddy and Russell Simmons are proud-proud right now. The hip-hop icons have saluted rap veteran JAY-Z on leveling up and earning a billion dollar net worth.
Both Puff Daddy and Simmons went to Instagram this week to acknowledge Young Hov’s financial excellence.
JAY Z LOVE 
If u take anything from this with faith ..Anything is possible 
Bless him for using his wealth and influence to help those less fortunate Yesterday, various hip-hop artists congratulated JAY on getting labeled rap’s first billionaire.
!
(See Link in bio for details)
#BLACKEXCELLENCE !!!! From the projects to major projections!! #BlackBoyJoy at its finest!! 
#TeamDL #rumbleyoungmanrumble #Repost @hollywoodunlocked with @get_repost ・・・ HU Staff: Kecia Gayle @Kecia.Kae #Socialites, we have some amazing news to share: legendary rapper and businessman Jay-Z is now officially a billionaire — the first hip-hop artist to become one, according to Forbes! ___________________________________________________ Throughout Jay-Z’s career we’ve seen him dominate the music industry and transform into a well-respected business mogul. Those who have followed his journey always wondered when he would join the billionaires club and it looks like it finally happened. Forbes first shared the exciting news and also broke down how the 49-year reached this major accomplishment. “To calculate his net worth, we looked at the artist’s stakes in companies like Armand de Brignac champagne—applying our customary discount to private firms—then added up his income, subtracting a healthy amount to account for a superstar lifestyle. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. Turns out, Jay-Z really is a business, man,” Forbes wrote. ___________________________________________________ From there, they listed his major assets, which are as follows: Armand de Brignac champagne ($310 million), cash and investments including a stake in Uber worth an estimated $70 million ($220 million), D’Ussé cognac ($100 million), Tidal streaming service ($100 million), Roc Nation ($75 million), music catalog ($75 million), art collection ($70 million), and real estate ($50 million). ___________________________________________________ Read more at thehollywoodunlocked.com, link in bio! 
: IG
The post Diddy + Russell Simmons React To JAY-Z Becoming Rap’s First Billionaire appeared first on SOHH.com.
Click Here to Discuss in the Forums
Spread the love