According to Forbes, the rapper has amassed a billion-dollar fortune with his investments across liquor, art, real estate and companies like Uber

When JAY-Z rapped “I’m not a businessman, I’m a business, man” on Kanye West’s 2005 track “Diamonds From Sierra Leone,” he really meant it.

According to a new report released by Forbes on Monday, the rapper turned mogul has become the first hip-hop artist to amass a billion-dollar fortune with his impressive investments across liquor, art, real estate and companies like Uber.

Before becoming a musician, JAY-Z, 49, was a drug dealer in his hometown of Brooklyn. In 1996, he started his own label, Roc-A-Fella Records, to release his debut album, Reasonable Doubt. Since then, he has earned 14 No. 1 albums, 22 Grammy wins and a reported $500 million in pretax earnings, according to the outlet.

In order to calculate JAY-Z’s net worth, Forbes says they first looked at his stakes in companies like Armand de Brignac champagne (which he owns 100% of) and applied their customary discount to private firms. They then added up his income and subtracted “a healthy amount to account for a superstar lifestyle.” Additionally, they say they ran the numbers with a roster of outside experts to ensure that the estimates were “fair and conservative.”

Since its launch in 2006 in JAY-Z’s music video for “Show Me What You Got,” Armand de Brignac is estimated by Forbes to now be worth $310 million. JAY-Z’s cognac D’Ussé, which is a joint venture with Bacardi, is estimated to be worth $100 million.

JAY-Z. EARL GIBSON III/GETTY

JAY-Z is also estimated to have $220 million in cash and investments, including a stake in ride-share service Uber which is estimated to be worth $70 million itself.

JAY-Z’s music-streaming service Tidal — which launched in 2015 with a number of celebrity investors including his wife, Beyoncé, Kanye West and Calvin Harris — is estimated to be worth $100 million.

JAY-Z co-founded Roc Nation over a decade ago in collaboration with Live Nation, and it boasts a roster of talent that includes Rihanna and J. Cole. Its estimated value stands at $75 million. Furthermore, JAY-Z’s personal music catalog holds a similar value of $75 million.

Over the past decade, JAY-Z has been acquiring prestigious artworks, such as Jean-Michel Basquiat’s “Mecca,” purchased in 2013 for approximately $4.5 million. Forbes now values his art collection at $70 million.

In addition to his artistic investments, JAY-Z’s real estate holdings are estimated at $50 million. Following the birth of their twins, Rumi and Sir, in June 2017, JAY-Z and Beyoncé acquired a $26 million mansion in East Hampton and an $88 million estate in Bel Air. Furthermore, JAY-Z owns a penthouse in New York City’s Tribeca neighborhood, purchased for $6.85 million in 2004.

Beyoncé and JAY-Z Celebrate 11-Year Wedding Anniversary with ‘Romantic’ Trip to Mexico — Sans Kids!

A source close to Beyoncé and JAY-Z revealed that the couple spent their 11th wedding anniversary on a romantic getaway to Mexico. They enjoyed a brief trip without their children, Blue Ivy and the twins Rumi and Sir, opting for some quality time together. The source expressed that their relationship appears to be in a great place, emphasizing that they are back to discussing new projects together.

The superstar pair has been relaxing more since they concluded their massively successful On the Run II tour in the fall.

“Right after the tour ended, they took it easy. They were both beyond excited about how the tour went, but they were also tired,” the source says. “They just needed a little break and are back to talking about new projects.”

Speaking of new projects, Netflix released the trailer for Beyoncé’s upcoming documentary, Homecoming.

KEVIN MAZUR/GETTY

The streaming service announced an upcoming special offering an inside look at Beyoncé’s iconic 2018 Coachella performance. Scheduled for release on April 17, the one-year anniversary of her groundbreaking show, the special promises to delve into the creative process behind the performance, from its inception to its impact as a cultural phenomenon. The footage provides glimpses of Beyoncé rehearsing with her dancers, as well as moments featuring her three children. Fans eager to relive the magic of Beyoncé’s Coachella performance need only wait nine days for the special to premiere.