The wealthiest artist in the world is now Sean Carter, better known by his stage name Jay-Z, who is an American rapper and music executive.
Forbes estimates the Roc Nation CEO’s net worth to be $2.5 billion.
His riches is derived from a variety of ventures and enterprises, including as the cognac brand D’Ussé, the luxury champagne brand Armand de Brignac (Ace of Spades), and Roc Nation.
Jay-Z also gained a lot of money when he sold the fashion brand Rocawear and the music streaming service Tidal.
In addition, he has investments in startups, tech, real estate, and hotels.
With a net worth of $1.6 billion, Taylor Swift continued to hold the title of richest female musician.
Swift is the first performer to become a billionaire based only on her songs and concerts, according to Forbes.