5 Things to know about 'billionaire rapper' Jay-Z

Here's some news. Music icon

Jay-Z

aka Shawn Carter, has been named the world's first billionaire

rapper

by a magazine. The 49-year-old's wealth and investments are said to total $1bn. Of his holdings, a report says he has a $70m investment in Uber and that his music catalogue is worth a staggering $75m! Read on to know more about the wealthy superstar...

1) Jay-Z (then Shawn Carter), was reportedly a drug dealer before he became a

musician

. He grew up in housing projects in Brooklyn, NY.

2) His first album, '

Reasonable Doubt

' was released in 1996, kicking off his spic career.

3) The rapper has won multiple awards, including 21

Grammy Awards

and a Sports Emmy for his music.

4) His autobiography and memoir, 'Decoded' was plublishd in 2010.

5) He married

Beyoncé Knowles

in 2008 in a hush-hush wedding. The couple has two kids - daughter Blue Ivy and fraternal twins - daughter

Rumi

and son Sir.

DID YOU KNOW?
Jay-Z is said to have once rapped, "I'm not a businessman, I'm a business, man." Looks like that turned out to be 100% true.