Barrack Obama installed him as the latest rap star to receive the honor, who joins previous hip-hop inductees including The Notorious B.I.G., Tupac, N.W.A. and Public Enemy.

While honoring the Grammy award-winning rapper turned Businessman, Obama gave a speech of the rapper’s enormous contributions by saying; “I’ve turned to Jay-Z’s words at different points in my life, whether I was brushing dirt off my shoulder on the campaign trail, or sampling his lyrics on the Edmund Pettus Bridge on the 50th anniversary of the Selma march to Montgomery.

“Today, Jay-Z is one of the most renowned artists in history and an embodiment of the American dream, a dream he has helped make real for other young people like him”, he added.

A video compilation featuring Beyoncé, Rihanna, Chris Rock, David Letterman, Queen Latifah, Lin-Manuel Miranda, Diddy, and Jamie Foxx reading some of Jay-most Z’s memorable lines was displayed after his address. Blue Ivy, Beyoncé’s eldest daughter, finished the show by repeating the lyrics to ‘Ride Or Die.’

While introducing Jay Z on stage, popular American Comedian/Actor Dave Chappelle said; “It is an incredible honor to induct this next man into the Rock & Roll Hall of Fame,” he said. “But I need everybody in rock ‘n’ roll to know, that even though you are honoring him, he is ours. He is hip-hop. Forever and ever, and a day.”

After receiving the honor, Jay-Z thanked his mother, Gloria Carter, and Roc-A-Fella Records co-founder, Dame Dash, in his acceptance speech.

Shout out to Dame…I know we don’t see eye to eye, but I can never erase your accomplishments, and I appreciate you and thank you for that,” he said.

Watch the video below: