Sean Cater holds the crown for being the only rapper in 2023 to be a billionaire.
As reported on Forbes, he has a net worth of $2.5 billion. In 2019c he became hip hop’s first billionaire.
The article points out for the 2023 list, Jay Z is the only rapper included. This year, his earnings put him ahead of basketball legend, Michael Jordan. Hov is tied with Oprah Winfrey.
Jay Z’s previous net worth, $1.5 billion, increased due to his liquor business when “giant LVMH purchased a 50% stake in his champagne empire Armand de Brignac, otherwise known as Ace of Spades.” In addition, he sold a majority of his stake in his cognac brand D’Usse to Bacardi in February 2023, the article reports.
Hov is also an art collector, owning paintings from Jean-Michel Basquiat, which amped up his net worth. In addition, his music catalog and shares in companies like Block and Uber, according to the report.