According to updated Forbes estimates, Shawn Carter, popularly known as Jay Z, has seen a more than doubling of his net worth.
The Run This Town singer, who has a net worth of $2.5 billion, was ranked 1,208th in terms of wealth by Forbes on Friday. This makes him the richest rapper currently alive.
He reportedly gained millions of dollars from his Armand de Brignac champagne and D’Usse cognac labels, according to the publication.
The rapper hasn’t lately performed live or released any new music, but he has managed to amass more money in a year, according to The Shade Room.
Oprah Winfrey, a media magnate, is ranked 1,204th overall, not much below Jay Z.
As Adidas ended their partnership with Kanye West, who had previously held the position of richest rapper, lost his billionaire status.
Author: Paschal Chidubem