American rapper and music executive, Sean Carter, popularly known as Jay-Z has reached a new milestone.
He has now been announced officially as the world’s richest musician.
This is according to Forbes.
The report stated that the Roc Nation boss is worth $2.5 billion.
His wealth comes diverse investments and businesses, including Roc Nation, the luxury champagne brand Armand de Brignac (Ace of Spades) and the cognac brand D’Ussé.
Jay-Z also made substantial profits from the sale of the music streaming service, Tidal, and the fashion brand, Rocawear.
He also has investments in real estate, hospitality, tech, and startup companies.
Meanwhile, Taylor Swift maintained her position as the richest female musician with a net worth of $1.6 billion.
According to Forbes, Swift is the first musician to hit billionaire status solely based on her songs and tours.
