š° American rapper and entrepreneur Shawn Carter, better known as "Jay-Z," once compared himself to billionaire Warren Buffett. Now a billionaire himself, it seems any advice from Jay-Z should be held in high regard ā and Buffett agrees.
According to a CNBC report, Jay-Z once sat down for a conversation with "The Oracle of Omaha" and compared his approach to music to Buffett's investing strategy.
"Music is like stocks, thereās the hot thing of the moment. People tend to make emotional decisions based on that. They donāt stick with what they know," Jay-Z said in a 2010 interview with Forbes.
He was referring to the way that the legendary investor only puts money to work in businesses he understands, instead of gravitating toward popular trends.
According to Forbes, Jay-Z is currently worth $2.5 billion, making him the 1,213 richest person on the planet at the time of writing, but it's not just from his music career. Find out how he makes most of his money through the link in bio....
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