Recently, Forbes unveiled their list of the five wealthiest artists in hip-hop and predictably, those three rapper-moguls topped their rankings.
Which rapper will hit billionaire status first? Hard to say. Diddy has a lucrative Cîroc vodka deal with Diageo, while Jay Z augments his portfolio with a champagne brand, Armand de Brignac, and a growing entertainment company, Roc Nation.
1. P. Diddy
Checking in at No. 1, just as he did last year, is Diddy. The Bad Boy Entertainment boss now has a net worth of $820 million, due in large part to his lucrative deal with Ciroc and his huge investment in the Revolt TV network.
2. Jay Z
Jay Z’s fortune has jumped 30% in the past year after a $200 million investment from Sprint reportedly put the valuation of his music-streaming service, Tidal, at $600 million, more than 10 times what he paid for the company two years ago.
Jay Z tops Andre “Dr. Dre” Young in the rankings for the first time since 2014, the year the superproducer sold Beats to Apple for $3 billion
3. Dr Dre
Dre hasn’t quite achieved the billionaire status he initially claimed, but his cut gave him the largest single-year payday ever recorded by a living musician; his fortune has since swelled to $740 million thanks to savvy investments. Days after the Beats deal was announced, Dre scooped up a 14,000 square foot Los Angeles mansion for $40 million; according to government records, it’s already worth nearly 20% more than he paid.
Bryan “Birdman” Williams ranks fourth with $110 million. Along with his brother, Ronald “Slim” Williams, Birdman co-owns Cash Money Records, home to three of the music world’s biggest stars: Drake, Nicki Minaj and Lil Wayne. All three have been rumored to be leaving the label in recent years, but so far their record deals have kept them in place—and Cash Money’s coffers full.
Rounding out the Forbes Five is Aubrey “Drake” Graham at $90 million. Last year’s Views became the first album to top 1 billion spins on Apple Music and helped fuel a grueling tour that took the Toronto native from Atlanta to Amsterdam, grossing north of $1 million per night along the way. His deals with Apple, Nike and Sprite should keep the cash coming.
And at just 30 years of age, he’s young enough to be the son of any of his fellow list members.
Credit – Forbes
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