'Jay is teaching in a lot bigger classroom than I'll ever teach in,' Buffett said. It always broke that notion that an artist can't think about money as well.'Īt the end of their conversation, Buffett said that soon enough, young people would be looking to Jay-Z for their money-making advice. 'Hip-hop from the beginning has always been aspirational. 'That was the greatest trick in music that people ever pulled off, to convince artists that you can't be an artist and make money,' he said. The now 53-year-old approached his career with the goal of making money and bucked against the common sentiment in the 90s that musicians shouldn't aspire to be rich. 'People tend to make emotional decisions based on that. 'Music is like stocks, there's the hot thing of the moment' Jay-Z told Forbes at the time. In a 2010 sit-down with legendary investor Warren Buffett, nearly a decade before becoming a billionaire, Jay-Z compared his approach to his music career with the Oracle of Omaha's strategy of investing only in businesses he understands rather than what is most popular. His fortune is enough to make him the 1,210 th wealthiest person in the world, according to Forbes.

'Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D'Usse cognac,' Forbes' report reads. Forbes pegged his net worth at $1.4 billion just last year. His wealth has ballooned in recent years thanks in part to the growth of his entertainment company Roc Nation, his sale of the streaming service Tidal as well as numerous investments in companies including Uber. Jay-Z became rap's first billionaire back in 2019, with stakes in Armand de Brignac champagne and D'Usse cognac valued at over $400 million at the time, as well as various investment properties in New York and LA.

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