Jay-Z officially becomes world’s richest musician with net worth of $2.5bn

American rapper and music executive Jay-Z, whose real name is Sean Carter, has officially become the world's richest musician with a net worth of $2.5 billion, according to Forbes. His wealth comes from diverse investments in businesses such as Roc Nation, the luxury champagne brand Armand de Brignac Ace of Spades, the cognac brand D'Ussé, and the music streaming service Tidal.

Jay-Z has also profited from his fashion brand Rocawear, investments in real estate, hospitality, and tech startup companies. In comparison, Taylor Swift remains the richest female musician with a net worth of $365 million.

Forbes notes that Swift is the first musician to achieve billionaire status solely through her music and tours. Jay-Z's impressive financial success solidifies his position as a powerhouse in the music industry.