Rap star and entertainment mogul, Jay Z is now worth US 2.5 billion dollars, after adding another billion to his net worth over the past year, making him the richest hip-hop personality on the Forbes list.

According to Forbes, Jay-Z’s latest increase in net worth is largely due to his February deal with Bacardi over the D’ussé cognac brand.

He and the beverage company previously owned D’ussé in a 50–50 split, however with the new agreement, Bacardi acquired a majority stake in Jay’s stake while still leaving the Grammy winner with a “significant ownership role,” Complex reported at the time.

The updated estimate places him near Oprah Winfrey (1,204th on the ranking with $2.5 billion) while extending the distance from fellow Forbes Alumni such as former NBA star Michael Jordan (1,485th with $2.0 billion) and Apple CEO Tim Cook (1,589th with $1.8 billion).

Following the precipitous fall in wealth from now former Billionaire YE, Jay has now replaced him as the fastest rising Hip-Hop billionaire on the list, racking up more than US $ 1.5 billion in the last three years.

In 2020, Forbes had estimated Jay-Z’s net worth to be $1 billion and $1.4 billion in 2022, becoming the third highest-paid entertainer that year after reportedly selling his stake in the music streaming platform Tidal and the champagne brand Armand de Brignac.

In a year when Rihanna has returned to music and performance as well as the announced tour by Beyonce the Roc nation boss’s net worth is expected to continue its swell through 2023, with his company managing both superstars.