Forbes Magazine reported on Monday (June 3) that hip-hop mogul/investor Sean “Jay Z” Carter (pictured) became his music genre’s first billionaire by the publication’s most conservative estimates.
Though Forbes is a highly credible American publication about finance, its new report about Jay Z’s ascension to billionaire status is nothing new. The whole world already knows that the Roc-A-Fella Records co-founder is married to Beyoncé, a pop music phenomenon in her own right. Forbes also reported back in July 2018 that the combined net worth of Beyoncé and her husband Jay Z surpassed $1.2 billion dollars.
When a wealthy man marries a wealthy wife, his net worth is multiplied many times over. No wonder during Jay Z’s late-April Nipsey Hustle freestyle tribute at NYC’s Webster Hall, he rapped: “We was chasing our goals, not chasing money/ Ni&&as chasing h@es, we find that funny/I pull up in the Rolls, that h@e gon’ want me/But I don’t want no hoe, I want a wife/Somebody to bounce these ideas off at night.”
Mr. and Mrs. Carter made their marriage final on April 4, 2008. Prior to marrying his “Bootylicious” singing icon, Jay Z was already worth hundreds of millions after selling Roc-A-Fella for a nine-figure sum to the highest bidder, according to Forbes. Beyoncé has always held her own. She validated her marriage’s net worth by singing on her “Flawless” remix: “Of course, sometimes sh*t goes down when it’s a billion dollars on the elevator!”
However, the “Hard Knock Life” hit maker did raise eyebrows in 2010 when the almighty Forbes Magazine covered his close ties to multi-billionaire Warren Buffet. Buffet is an Omaha, Nebraska native who is one of the wealthiest men in the world.
“Jay is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from,” Buffet said to Forbes about America’s favorite rap entrepreneur.
This latest financial report from Forbes about Jay Z reasonably dethrones any doubt over who is hip-hop’s biggest cash king. But it also provides a great example of what can happen economically when the “power couple” lifestyle comes to fruition the way its supposed to.
After their 11-year wedding anniversary this past April, Mr. and Mrs. Carter are still reigning strong as king and queen of the entertainment world; not just because Forbes says so.