Jay-Z named world's first billionaire rapper

ANGELIKA WARMUTH / DPA / AFP

Jay-Z has become the world's first billionaire rapper.

That's according to Forbes magazine, which has estimated that the singer's wealth "conservatively totals" to $1 billion. 

It based on the combined value of his businesses and investments.

His superstar wife is reportedly worth about $335 million, and they have had a joint net worth over $1 billion.

Jay-Z joins an elite club of entertainers that includes Oprah Winfrey, George Lucas, Steven Spielberg and Michael Jordan.
 

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