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 concerning 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, an elite pop musician 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.