Jay-Z displaces Diddy atop 'Forbes' list of richest hip-hop stars
02 March, 2018, 08:01 | Author: Ann Santiago
The mogul raked in $900 million in the past year, a huge bump from the $810 million he made the year prior that earned him the No. 2 spot on Forbes'2017 list.
The business publication notes that JAY-Z boosted his net worth from $810 million Dollars to $900 million USD over the past year, attributing the rise to the increasing value of his stakes in Armand de Brignac champagne and D'Ussé cognac, in addition to his Roc Nation empire and streaming service Tidal. However, Forbes' recently released their "Hip Hop's Wealthiest Artists 2018" and Hov has finally topped the list.
Diddy wasn't knocked far from the top spot, as he ranks at number two, with $825 million (£599 million).
Diddy holds down the number two spot, experiencing modest growth from a year ago, with a fortune listed at $825 million.
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Jay-Z said it best on "Legacy", "Generational wealth, that's the key". The magazine claims this had to do with "tepid trends" in the vodka and cable TV sectors, affecting his holdings in Ciroc and Revolt - however, his DeLeón tequila seems to be picking up steam.
No. 3:Dr. Dre, the oldest man on the list at 53, is the bronze medalist with an estimated net worth of $770 million, thanks in large part to Apple's purchase of his Beats headphone line.
Drake and Eminem rounded out the latest top five, tied with an estimated US$100 million fortune each.
Jay-Z, Diddy and Dre not only top the hip-hop list, they are the richest American artists of any music genre.
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