On Thursday, Forbes magazine revealed its annual ranking of top five wealthiest hip-hop artists, and this year there has been a change on the top. In 2018’s rankings, Jay-Z emerged as the wealthiest man in hip-hop, leaping over last year’s number one, Sean Combs aka Diddy.
Compared to 2017, Jay-Z increased its net worth from $810 million to $900 million, thanks to his champagne brand Armand de Brignac and D’Ussé cognac. His ownership stakes in Roc Nation and Tidal streaming service also greatly helped the cause.
Diddy, on the other hand, didn’t have such a fruitful year like Jay-Z, but he also didn’t lose any of his wealth. In 2018 Diddy’s net worth is $825 million, which represents a $5 million increase compared to the last year. His ventures in vodka (Ciroc) and TV ( Revolt) businesses didn’t pan out as he may have expected, but his businesses with DeLeón tequila and beverage company Diageo helped Diddy to keep his fortune intact.
Dr. Dre remained on the third spot with a net worth of $770 million, compared to $730 million in 2017. The legendary rapper and hip-hop producer might well claim the first spot in 2019 since he is about to get some Apple stocks in the summer which could end up being worth well about $100 million.
When it comes to fourth and fifth place on the list, there is a tie between Eminem and Drake. The both have an estimated net worth of $100 million.