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Jay Z Billionaire Net Worth from Uber Investment Tidal u0026 More (Entertainment News)

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Did you know that an Uber investment helped the Jay Z billionaire status become the talk in HipHop? Yup, Sean Carter is the first black rapper to become a billionaire thanks to the help of his stake in Uber Technologies. That means he beat out hiphop legends Diddy and Dr. Dre'.

Fortune 500 magazine officially declared JayZ, a billionaire on June 3rd, 2019 when they published the article "How JayZ Created His $1 Billion Fortune", which is an excellent read by the way.

Jay Z is far from an Uber driver. His wealth comes from a portfolio that is well diverse and includes the following investments...

Armand de Brignac ($310 Million), Cash & Investments ($220 million), D’Ussé ($100 million), Tidal ($100 million), Roc Nation ($75 million), Music catalog ($75 million), Art collection ($70 million), and Real estate ($50 million)

As you can see, the billionaire rapper has plenty of money. However, it's the stake in Uber that people should pay attention too. On May 10th, 2019 Uber became a publicly traded company on the New York Stock Exchange. Even though it had a rocky start, the company is poised to make a massive profit in the future, just like Amazon did after losing millions for years after going public.

In 2013 a $2 million investment in Uber was later worth over $70 million. This is just the beginning of Jigga's wealth. In 5 years if you Google the question, what's JayZ's net worth it will more than likely be $1.5 Billion.

Everyone is happy for the first rap billionaire. Reports, articles, and podcast have taken flight in entertainment news about Sean Carter. The information includes "The Breakfast Club, Fortune, Cnn, Complex News, and BET.

Celebrity news travels fast, so finding out that Jay Z is the first billionaire rapper didn't take long. Just know that because of his Uber stake, he will profit millions more soon.

posted by ainekptt