It's official. Jay-Z is now the first-ever hip-hop artist to become a billionaire, Forbes reported in a story they published on Monday (June 3).

According to the report, Hov's empire has been built by the many business ventures he's had his hands in, from rapping to his own companies like Roc Nation and TIDAL, and even investments in other companies such as Uber.

Jay's fortune comes from his stakes in Armand de Brignac champagne ($310 million), cash and investments ($220 million), D’Ussé ($100 million), Tidal ($100 million), Roc Nation ($75 million), his own music catalog ($75 million), art collection ($70 million) and real estate ($50 million)