![\"\u2122\"](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/eeba353b43456fb7006fdb06aab95c5c.jpeg\"\/)
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previously reported, the rap mogul out of Brooklyn, NY, was crowned Hip-Hop\u2019s first billionaire<\/a> in 2019 by Forbes. His net worth has more than doubled since that year, through ventures that include his stake in the cognac brand D\u2019Uss\u00e9. He sold 25% of that stake to Bacardi in 2023, according to<\/a> GQ. He told the outlet that he received $750 million in cash as a result.<\/p>\n \u201cI took 750m CASH, for 25 percent of my D\u2019Uss\u00e9 stake.<\/a> Meaning my half is 1.5b. And the full enterprise was valued at 3b (they told me it was [worth] considerably less. My reply was \u2018I\u2019ll buy your stake at that price,\u2019\u201d\u00a0 he mentioned.<\/p>\n Jay-Z also sold 50% of his spirits brand, Armand de Brignac, to LVMH in 2021, per<\/a> the BBC. His investment portfolio also includes TIDAL and stakes in Block and Uber,<\/a> according to Forbes.<\/p>\n He is also the co-founder and chairman of Roc Nation. This full-service entertainment company supports its clients with artist management, music publishing,<\/a> touring, production, and strategic brand development, notes Forbes. <\/p>\n Jay-Z\u2019s additional assets include his master recordings, which he secured after becoming president of Def Jam \u2014 and a fine art collection \u2014 reports GQ. Jay-Z\u2019s fortune sits at an estimated $2.8 billion, according to<\/a> a Forbes estimate.<\/p>\n Jay-Z On The Perception Of Billionaires<\/p>\n Jay-Z reflected on the stigma around billionaires in a conversation with GQ.<\/p>\n \u201cI got to give you the honest answer: There\u2019s no tension. I don\u2019t give a fuck what you say. You can believe what you want to believe,\u201d Jay-Z said. \u201cAnd people behave the way they want to behave\u2014it\u2019s not a dollar amount. It\u2019s almost like a cop-out. You get to demonize this group of folks without fixing the actual system that exists, that\u2019s in play. [Money] may enhance it or may cause you to act in a way. But you was going to act like that anyway.\u201d<\/p>\n The post Jay-Z Addresses Public Perception That All Billionaires Are Bad \u2014 \u2018People Behave The Way They Want To Behave\u2014It\u2019s Not A Dollar Amount\u2019<\/a> appeared first on AfroTech<\/a>.<\/p>\n The post Jay-Z Addresses Public Perception That All Billionaires Are Bad \u2014 \u2018People Behave The Way They Want To Behave\u2014It\u2019s Not A Dollar Amount\u2019<\/a> appeared first on AfroTech<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Jay-Z is demystifying the perception of billionaires. As AFROTECH \u2122 previously reported, the rap mogul out of Brooklyn,…\n","protected":false},"author":2,"featured_media":577601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[64,63,15595,69762,134,68580,156752,22026,136,283337],"class_list":{"0":"post-577600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-music","8":"tag-au","9":"tag-australia","10":"tag-billionaires","11":"tag-brand-development","12":"tag-entertainment","13":"tag-forbes","14":"tag-gq","15":"tag-jay-z","16":"tag-music","17":"tag-public-perception"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/577600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=577600"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/577600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/577601"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=577600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=577600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=577600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}