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Jay-Z retains crown as first hip-hop's billionaire in 2021 now worth $1.4B, Kanye West 'Yeezy' $1.3B

The Yeezy line pulled in a reported $1.3 billion last year; most likely changes could be made in 2021. Jay-Z’s net worth update has jumped by 40 per cent following Tidal and champagne brand sales.

The mogul is now worth approximately $1.4 billion

Last week, it was revealed that Jay-Z has sold his controlling stake in streaming service Tidal to Square, the mobile payments firm run by the Twitter co-founder Jack Dorsey, for $297 million (£215 million).

He has also recently sold 50 per cent of his luxury champagne brand Armand de Brignac to luxury goods company Moët Hennessy Louis Vuitton.

As a result, Forbes now reports that the rapper’s net worth has now increased from $1 billion to $1.4 billion.

Breaking down his extensive fortune, Forbes reported that the Armand de Brignac deal earned him $320 million. His other investments include stakes in Uber, SpaceX, restaurant chain Sweetgreen and life insurance start-up Ethos.

His Roc Nation imprint is valued at $140 million, his cognac brand D’Usse at $120 million, his music catalogue at $95 million, his art collection at $70 million, and his real estate property at $50 million.

Jay-Z’s Tidal deal will see the service’s artist co-owners, including Beyoncé, Lil Wayne, Kanye West, T.I., Rihanna, and more retain their stakes and become the second largest group of stakeholders after Square. Jay-Z has also joined the board of directors at Square.

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