Jay-Z officially the first rapper to become a billionaire

NEW YORK CITY (FOX 5 DC) - Pioneering hip-hop artist Jay-Z is officially the first rapper to become a billionaire.

Forbes' new cover story about Jay-Z's rise to inordinate wealth places him in the upper echelons among all entertainers.

According to the business magazine, only a handful of entertainers have reached the same lofty heights - and Jay-Z is the only one to leverage his massive hip-hop fame to get there.

The Forbes article catalogues Jay-Z's various holdings - which go beyond his albums and his much-publicized streaming service. The magazine adds up the value of each, and subtracts a sum that represents costs associated with his fame.

Click here to read the complete article on Forbes' website.