Empire State of Mind: How Jay-Z Went From Street Corner to Corner Office, by Zack O'Malley Greenburg (Penguin/Portfolio)

“One of the year’s best rock books.” –Bloomberg | “Fascinating well-done biography of one of the most extraordinary entrepreneurs of our era.” –Steve Forbes | "Lively and often...

JAY-Z BOOK: Empire State of Mind

Jay-Z Ranks No. 2 on Forbes’ Richest Rapper List

Back in 2007, Jay-Z, Diddy and 50 Cent released “I Get Money (The Forbes 1-2-3 Billionaire Remix).” The song was a celebration of the artists’ inclusion atop the first-ever Forbes Hip-Hop Cash Kings list, now an annual package on the genre’s top-earning artists. It seems fitting that those same three artists find themselves in an even more exclusive group—the Forbes Five, a short list of hip-hop’s wealthiest moguls.

Indeed, the original trio boasts a combined net worth well over a billion dollars, rendering their lyrical prognostications accurate. They’re joined by Dr. Dre, flush with cash from his Beats headphone line, and Cash Money Records cofounder Bryan “Birdman” Williams.

Jay-Z ranks second on the list with a fortune of $460 million. Unlike his fellow Forbes Five members, Jay-Z still churns out music and goes on tour—most recently with pal Kanye West—adding to his considerable war chest. He sold his Rocawear clothing label for $204 million in 2007 and signed 10-year $150 million deal with Live Nation in 2008, and also holds stakes in the New Jersey Nets, his 40/40 Club chain, ad firm Translation, cosmetics company Carol’s Daughter and other businesses.

Read the rest of my article on Forbes.com

Buy the book Empire State Of Mind: How Jay-Z Went From Street Corner to Corner Office by Zack O’Malley Greenburg.

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