Skip to main content

Jay Z Is Now Worth $2.5 Billion, Warren Buffett's Old Comment On Him Resurface

Billionaire Warren Buffett predicted that young people would soon turn to Jay-Z for financial guidance during an old interview with the rapper. Interestingly, the artist's net worth is now $2.5 billion, according to the latest Forbes estimates. Jay-Z was also the first billionaire rapper in the world. Since then, his fortune has increased as a result of a number of wise business decisions and ventures, creating what Forbes refers to as "a sprawling and diversified empire." According to its Real-Time Billionaires ranking, he is the 1,205th richest person in the world. 

Amid this, an old Forbes interview of Jay-Z with the legendary investor is going viral. In the interview, he compared his approach to his music career with the Oracle of Omaha's strategy of investing only in businesses he knows rather than what is most popular. 

"Music is like stocks. There's the hot thing of the moment. People tend to make emotional decisions based on that. They don't stick with what they know, you know, 'This is who I am. This is what I do.' They jump on this next hot thing. And it's not for you." Jay-Z told Forbes at the time.

At the conclusion of their conversation, Mr Buffett predicted that young people would soon turn to Jay-Z for financial guidance.

"Jay is teaching in a lot bigger classroom than I'll ever teach in. For a young person growing up he's the guy to learn from," the billionaire said. 

With investments in Armand de Brignac champagne, D'Usse cognac, and different investment properties in New York and LA, Jay-Z became the first billionaire rapper back in 2019. His wealth has increased as a result of the expansion of his entertainment firm Roc Nation, the sale of the streaming service Tidal and numerous investments in businesses like Uber. 



from NDTV News-World-news https://ift.tt/0TYhmkg

Comments

Post a Comment

Popular posts from this blog

Sri Lanka Must Achieve Debt Restructuring By September: IMF

The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the cash-strapped nation. On March 20, IMF extended a nearly $3 billion bailout facility to debt-ridden Sri Lanka that would help stabilise the country's economy after it was jolted by a devastating economic crisis last year. In a statement issued on Tuesday at the end of a nearly two weeks staff visit to Colombo to assess the progress made by Sri Lanka since the agreement was reached, the IMF said the two sides had discussed the developments on debt restructuring. "Sri Lanka must achieve debt restructuring by its first review due in September. We also discussed progress on debt restructuring, noting the ongoing discussions with both foreign and domestic creditors," the statement read. Sri Lanka is still struggling to normalise its crisis-hi...
Post a Comment
Read more

Biden Warns "All Out War" Possible In Middle East

US President Joe Biden warned Wednesday of the possibility of an "all-out war" in the Middle East but said he was hopeful a settlement was still achievable for the conflict-torn region. Biden's comments as he appeared on ABC chat show "The View" came as Israel put troops on alert for possible entry into Lebanon and the war in Gaza grinds on. "An all-out war is possible," Biden said when asked about the situation. "What I think is, also, the opportunity is still in play to have a settlement that could fundamentally change the whole region." Biden appeared to raise the possibility of a ceasefire in Lebanon, where Israeli strikes targeting the Hezbollah militia have killed more than 600 people this week. "They have a possibility -- I don't want to exaggerate it -- there's a possibility if we can deal with a ceasefire in Lebanon that it can move into dealing with the West Bank as well," said Biden. Israel has been carrying ...
Post a Comment
Read more

Amazon Rainforest Tribe's Secret To Healthy Life And Slow Ageing Revealed

Deep in the Amazon rainforest, a semi-nomadic indigenous community is thriving. This community defies conventional norms on ageing and health. The Tsimanes, consisting of 16,000 people, live a fully subsistence lifestyle, relying on hunting, foraging and farming to survive. Scientists have been studying this unique group for two decades, and have uncovered remarkable findings till now. Martina Canchi Nate, an 84-year-old Tsimanes woman, digs up yucca trees, cuts down plantain trees and carries heavy loads with ease, faster than her younger companions, as per a BBC report. This level of physical activity is not unusual among Tsimanes of her age. Researchers have discovered that this group has the healthiest arteries ever studied and brains that age more slowly than those in North America, Europe and elsewhere. The Tsimanes' secret lies in their active lifestyle, with an average of 16,000 to 17,000 steps per day. They spend less than 10 percent of daylight hours in sedentary activ...
Post a Comment
Read more