This makes the hip hop mogul the 1,209th wealthiest person on the planet. Jay was first said to have hit billionaire status back in 2019, the same year his Marcy Venture Partners was reported to have raised $85 million.
Last month, Mr. Carter closed on a reported multibillion-dollar deal with Bacardi over his stake in D’USSÉ following an extended legal battle. The agreement saw Bacardi taking on a majority interest in the brand, while Jay continues to hold on to a sizable ownership stake.
“Growing D’USSÉ over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing,” Jay said in a statement at the time of the deal’s announcement.
It was rumored that Hov was interested in purchasing the NFL’s Washington Commanders which would grow his net worth even more if he is able to successfully close the deal.