Sean Cater holds the crown for being the only rapper in 2023 to be a billionaire.
As reported on Forbes, he has a net worth of $2.5 billion. In 2019c he became hip hop’s first billionaire.
The article points out for the 2023 list, Jay Z is the only rapper included. This year, his earnings put him ahead of basketball legend, Michael Jordan. Hov is tied with Oprah Winfrey.
Jay Z’s previous net worth, $1.5 billion, increased due to his liquor business when “giant LVMH purchased a 50% stake in his champagne empire Armand de Brignac, otherwise known as Ace of Spades.” In addition, he sold a majority of his stake in his cognac brand D'Usse to Bacardi in February 2023, the article reports.
Hov is also an art collector, owning paintings from Jean-Michel Basquiat, which amped up his net worth. In addition, his music catalog and shares in companies like Block and Uber, according to the report.
Super dope for Jay Z, especially during the celebration of Hip Hop 50!