“ You know n-as die for equal pay right? You know when I work I ain’t your slave right?” he rhymed in 2015. The accumulation of wealth has been a constant narrative in his career. The potency is rivaled only by its accuracy. In a career notable for lyrics as literature and congressional honors, one of Jay-Z’s most recognizable lines is his declaration on Kanye West’s “ Diamonds (Remix)”: I’m not a businessman/ I’m a business, man. Jay-Z’s original (legal) revenue stream puts the moment in perspective.
Johnson was the successful head of Johnson Publications Inc., a multimillion-dollar corporation, with publications that included Ebony and Jet. These foremothers and forefathers of black wealth in white America were prophytes in The Blueprint MC’s real-life blueprint. All understood the power of the black dollar. All tapped into the core of America’s spine, black culture, which has alternately been ignored, chastised and co-opted. And at the end of the century came the start of Jay-Z’s financial success rooted in black music. Johnson became a mogul with lifestyle publications such as Ebony and Jet. Walker made a fortune through black hair. We have symbol of that success and what it means in Jay-Z becoming a billionaire.”Īt the start of the 20th century, Madam C.J. It’s weaved into every portion of business. “It has now turned into the fabric of American society. “Here we had this hip-hop industry that everybody sort of wanted to dismiss and thought that it would go away,” said Angel Rich, author of History of the Black Dollar. Dre, he has long been near the apex of hip-hop’s top earners - and awe-inspiring. The confirmation is both unsurprising - along with Diddy and Dr. His fortune is spread across a variety of endeavors, including real estate, liquor, music, the streaming platform TIDAL, entertainment company Roc Nation, his art collection and more.
On Monday, Forbes released a review of the Brooklyn MC’s financial portfolio that concluded Jay-Z’s empire had surpassed the 10-figure plateau. But it’s likely that not even the notoriously confident Jay-Z saw this coming: Two decades after that interview, Jay-Z is hip-hop’s first billionaire. Jay-Z, at the time, was only a few years removed from drug-dealing as a self-described “ Marcy Projects hallway loiterer.” A product of post-civil rights movement America ( I arrived on the day Fred Hampton died, he’d later rhyme) who came of age during the war on drugs, Jay-Z by 1997 was an independent businessman with a critically acclaimed rap debut in 1996’s Reasonable Doubt. Jay-Z’s rise to become hip-hop’s first billionaire is important beyond the fact of it.
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