American rapper, Jay-Z, crowned world’s richest musician

American rapper and music mogul Jay-Z, also known as Sean Carter, has been named the world's richest musician with a net worth of $1.4 billion, according to Forbes. His wealth comes from a variety of investments, including his entertainment company Roc Nation, luxury champagne brand Armand de Brignac Ace of Spades, cognac label D'Ussé, and the sale of music streaming platform Tidal.

Jay-Z has also ventured into fashion with his brand Rocawear and has investments in real estate, hospitality, and tech startups. Meanwhile, pop superstar Taylor Swift remains the richest female musician with a net worth of $365 million, making her the first artist to reach billionaire status purely through music sales and tours.

Jay-Z's diverse portfolio and entrepreneurial spirit have solidified his position as the world's richest musician.