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Jay-Z is now worth $2.5 billion—Warren Buffett once said ‘he’s the guy to learn from’

Jay-Z has been the first rapper to become a billionaire for less than four years, and he is not slowing down.

According to Forbes’ most recent estimate, the artist who was born in Brooklyn now has a net worth of $2.5 billion.

With stakes in Armand de Brignac champagne and D’Usse cognac valued at over $400 million at the time, as well as various investment properties in New York and Los Angeles, Jay-Z became the first billionaire in rap in 2019.

His investments in numerous businesses, including Uber, as well as the expansion of his entertainment company Roc Nation and the sale of the streaming service Tidal have contributed to his wealth’s growth in recent years. He was worth $1.4 billion according to Forbes just last year.

According to Forbes’ report, “Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D’Usse cognac.”

According to Forbes, his wealth is sufficient to rank him as the 1,210th wealthiest person in the world.

Nearly a decade before becoming a billionaire, Jay-Z compared his approach to his music career to that of the Oracle of Omaha, who invests only in businesses he understands rather than what is most popular, in a 2010 interview with the legendary investor Warren Buffett.

Jay-Z stated to Forbes at the time, “Music is like stocks, there is the hot thing of the moment.” Individuals will generally go with close to home choices in view of that. They stay away from what they know.

The now 53-year-old moved toward his profession fully intent on bringing in cash and kicked against the normal feeling during the 90s that performers shouldn’t seek to be rich.

He stated, “That was the greatest music trick ever pulled off, to convince artists that you can’t be an artist and make money.” Since its inception, hip-hop has been about aspiration. It dispelled the notion that an artist could not consider money.

Toward the finish of their discussion, Buffett said that soon enough, youngsters would be seeking Jay-Z for their lucrative guidance.

Buffett stated, “Jay is teaching in a much larger classroom than I will ever teach in.” He is the person to learn from as a young person.”

Gh Blinks

Gh Blinks is a young industrious, motivated, passionate, highly productive, and creative blogger and writer with strong communication and problem-solving skills. He has a couple of awards and honors to his credit.

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