- Jay Z has been named the richest rapper alive and his business moves have earned him the respect of many
- The rapper's wealth soared to more than double what he was worth last year due to his brands outside of music
- Hip-hop fans discussed Jay Z's wealth on social media and many said his life story is inspirational
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Shawn Carter known as Jay Z has more than doubled his net worth according to new estimates by Forbes.
"The Brooklyn-born rapper was crowned hip-hop’s first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire."
The publication stated that he made millions from his Armand de Brignac champagne and D’Usse cognac brands.
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Jay Z is not far behind media mogul Oprah Winfrey who is 1,204th on the ranking list.
Kanye West who once held the richest rapper title, lost his billionaire status after Adidas terminated their partnership with him.
Netizens on Twitter react to Jay Z's ranking by Forbes
"You know puff got more money. He’ll be transparent at some point again."
"Greatest rapper ever!"
"The 1,203rd tho sheesh, I ain't even know it was that many of them."
"Who cares. He’s not doing anything for the black communities."
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"To go from the projects to become a billionaire is an amazing feat. Upward mobility is key."
"Kanye will be back in that spot."
"It’s crazy to think there are 7 billion people on this planet and most of the wealth is shared by 1000-odd people."
"The real story here is there are 1207 people more wealthy than him."
Tbo Touch named South Africa’s richest radio personality with an estimated net worth of R580 million
In another story, Briefly News reported that Tbo Touch is a household name in the Mzansi radio and television industries. The star is among the few who have managed to stay afloat in the entertainment industry.
Tbo Touch, real name Thabo Molefe has had an illustrious career that kicked off when he moved to the USA.
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Source: Briefly News