Forbes name Jay-Z as first billionaire rapper

Forbes have named mega-star Jay-Z as the first billionaire rapper.

The superstar rapper is also a fashion trendsetter, a streaming music mogul, a sports management company owner and Mr. Beyonce Knowles.

"Less than a decade later, it's clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so," Forbes' Zack O'Malley Greenburg writes.

The media company ticked through the various businesses that Jay-Z, whose real name is Shawn Carter, either owns or has a stake in, including: a $70 million stake in Uber, his ownership of the streaming service Tidal, his $70 million art collection, his ownership of the Roc Nation sports management company, $50 million in assorted real estate holdings and his music catalog.

Jay-Z, who grew up in a Brooklyn housing project, rose to fame in 1996 with his debut album "Reasonable Doubt." His sixth album, 2001's "The Blueprint," was added to the Library of Congress' National Recording Registry -- reserved for albums that are "culturally, historically, or aesthetically significant" -- earlier this year.