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		</div><p>Rapper Jay-Z is the first hip-hop star to become a billionaire, according to Forbes.</p>
<p>The 49-year-old musician reached the milestone thanks to business interests in fashion, a sports management company and a stake in ride hailing app Uber, the magazine said.</p>
<p>Jay-Z, who is married to pop star Beyonce, is also a part owner of the streaming service Tidal, another source of income on top of his chart-topping music.</p>
<p>It means his net worth “conservatively totals” one billion US dollars, about £789 million, Forbes said.</p>
<p>The magazine said it calculated his total amount by adding up his income before subtracting “a healthy amount to account for a superstar lifestyle”.</p>
<p>It then checked the estimate with outside experts to make sure it was “fair and conservative”.</p>
<p>The nearest hip-hop figure to Jay-Z is Diddy, Forbes said, with an estimated net worth of 825 million US dollars, about £651 million.</p>
<p>It had been thought Dr Dre became the first billionaire rapper when he sold his Beats company to Apple in 2014 for 3 billion US dollars, but Forbes said his net worth would have been about 800 million US dollars due to taxes.</p>
<p>Jay-Z, whose real name is Shawn Carter, was born in New York City and rose to fame after releasing his debut album, Reasonable Doubt, in 1996.</p>
<p>He married Beyonce, 37, in 2008, and they have three children.</p>
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