Beyonce and Jay ZImage copyrightGetty Images
Image caption Jay-Z and Beyonce

Jay-Z is officially hip hop’s first billionaire, Forbes has declared, after building an empire based on music, property, fashion and investments.

The US magazine has estimated that the rapper’s wealth now “conservatively totals” $1bn (£800m).

Forbes says the husband of singer Beyonce has succeeded because he built brands rather than just endorsed them.

In its rankings, Forbes rejected claims that rapper and producer Dr Dre had reached billionaire status.

Jay-Z, born Shawn Carter, grew in one of New York City’s most notorious areas.

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