Jay-Z upped his net worth by approximately 10% over the past year. He reached around $900 million, and he displaced Sean Diddy Combs from the Forbes list. The main reasons are cognac and champagne. Here are all the details!
Jay-Z put an end to Diddy’s reign at the top of Forbes list of hip-hop’s highest-paid musicians.
Forbes reported that the rapper who is 48 years old and welcomes his twins with his wife Beyonce has a net worth of $900 million.
He managed to increase his wealth over the past year with approximately $90 million.
This increase seems to come from the booming value of his interests in Armand de Brignac champagne and D’Usse cognac. His ownership stakes in the record label Roc Nation and his Tidal music streaming service were also key factors as you can imagine.
On the other hand, we cant say that things have been going flawlessly for him lately. For instance, after the Grammys, he came home with zero awards.
This was shocking for his fans especially considering the fact that he got nominated for various categories.
The rapper wanted to use this opportunity to teach his and Bey’s daughter Blue Ivy a valuable lesson.
According to a source close to Jay, ‘The life Blue Ivy’s blessed with, especially with her parents being who they are, is filled with many great things so everyone kind of assumed that Jay was going to win big at The Grammys and the fact that he did not, disappointed him, but he also sees the silver lining to it all.’
He wanted to teach his daughter that you don’t always get what you want in life and when something like this happens, you just have to pick yourself up and work harder. Jay-Z has plenty of things in life to make him a very wealthy man, and we are not referring only to his massive fortune.