For three years now, Jay Z has claimed the throne as Hip Hop’s Wealthiest Artist but this year, he is forced to take the back seat as the second richest rap tycoon in America, while the ‘I’m Coming Home’ singer comes top on the list.
Diddy returns to the list with $700 million which is $120 million dollars richer than last year when he was worth $475 million and a total net worth of $520 million.
“Right now my focus is Revolt and making it the number one, most-trusted, most credible worldwide brand for music ,” he told FORBES in a recent interview.
Dr. Dre, who ranks second with $550 million, and Jay Z, in third place with an estimated $520 million. Dr.Dre sprung up on this year’s Forbes Five due to a large investment in Beats By Dr. Dre, which he co-founded with Jimmy Iovine in 2008.
The company controls two-third of the premium headphones market with annual sales in excess of $1 billion and more.
Though he is third on the roll, Jay Z’s wealth continues to grow. He has made various nine-figure deals in the past, including his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation in 2008. No doubt that the former king of the throne may spring back up in next year’s Forbes Five list.
See others who made the list:
4. Bryan ‘Birdman’ Williams with 160 million
According to Forbes, Birdman’s number would be over $300 million if he didn’t share his fortune with brother Ronald “Slim” Williams, with whom he cofounded Cash Money Records two decades ago.
5. Curtis ’50 Cent’ Jackson with 140 million
One of the most successful rappers of the past decade, 50 actually owes most of his fortune to his $100 million haul from the sale of Vitamin Water in 2007.