During an old interview with rapper Jay-Z, billionaire Warren Buffett predicted that young people would turn to him for financial guidance. Interestingly, the artist's net worth has now reached $2.5 billion, making him the first billionaire rapper in the world, with his fortune increasing due to wise business decisions and ventures. Forbes has dubbed his empire "sprawling and diversified," ranking him as the 1,205th richest person in the world on their Real-Time Billionaires list.
A viral Forbes interview of Jay-Z with the legendary investor features the rapper comparing his music career approach to Buffett's strategy of investing only in businesses he knows rather than what's most popular. Jay-Z states that people tend to make emotional decisions based on what's hot at the moment, rather than sticking with what they know. Buffett predicts that young people would soon turn to Jay-Z for financial guidance, stating that he's teaching in a much bigger classroom than he ever will.
Jay-Z's wealth comes from investments in Armand de Brignac champagne, D'Usse cognac, and various investment properties in New York and LA, as well as the expansion of his entertainment firm Roc Nation, the sale of the streaming service Tidal, and investments in businesses like Uber.
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