Jay-Z Says 'Music Is Like Stocks' — Warren Buffett Praises Billionaire Rapper As 'The Guy To Learn From'

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 — and Buffett agrees.

What To Know: 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, 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," 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. 

That approach has worked for Jay-Z. The Brooklyn-born rapper became rap's first billionaire in 2019 and his wealth has trended higher since. 

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.

He "mints millions" from his Armand de Brignac champagne and D'Usse cognac brands and his assets range from venture funds and entertainment company Roc Nation to a collection of fine art, per Forbes. 

See Also: Warren Buffett's Life Lessons, From His First Stock Purchase At 11 To Why He Buys Companies Now, Not Stocks

At the end of the sit-down with Buffett in 2010, the man known as one of the greatest investors of all time noted that people would soon be looking up to Jay-Z for advice on making money. 

"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," Buffett said.

Check This Out: How Warren Buffett's Fund Manager Grew $70K Into $264M: 'In A Perfect World, Nobody Would Know About This'

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