Diddy has repeatedly held the crown for the wealthiest hip-hop act in 2017, but that reign has since ended as Forbes released its latest Hip-Hop Wealthiest Acts of 2018 list with a new mogul notching the no. 1 spot: JAY-Z.
And for the first time since Forbes began measuring the net worth of hip-hop artists in 2011, JAY-Z takes the number one spot with a jaw-dropping net-worth of $900 million. Forbes put the rising fortune of Jay-Z, aka Shawn Carter, down to the rising value of his interests in Armand de Brignac champagne and D'Ussé cognac.
According to Forbes, JAY-Z, who elevated from $810 million in 2017 to $900 million, reached nearly a billion primarily due to his stakes in Armand de Brignac champagne and D’Usse cognac. He and his mega-star wife Beyonce, also splurged $26 million on a home in the Hamptons and $88 million on a mansion in Bel Air.
Following closely behind HOV is brother love, aka Diddy, with a net worth of $825 million. Diddy garnered his near billionaire status from his multiple business ventures including his Ciroc Vodka deal, Revolt TV, and the growth of his DeLeon Tequila brand. Last year, Forbes named Diddy as the highest paid musician of 2017 with $130 million in earnings, and topped the Forbes Five: Hip-Hop’s Wealthiest Artists 2017 list with $820 million.
Dr. Dre, Drake, and Eminem also join the two moguls on the Forbes Five: Hip-Hop’s Wealthiest Artists 2018 list. Dr. Dre lands as number three with $770 Million, and Drake and Eminem tie at $100 million.
Follow NEWS.am STYLE on Facebook, Twitter and Instagram
21:16, April 26
Burj Al Arab and Atlantis, The Palm named world’s most Instagrammable hotels20:15, April 26
Gold pocket watch recovered from body of richest passenger on Titanic up for auction19:23, April 26
Montegrappa unveils pen dedicated to Frankenstein16:21, April 26
Miami Sex Museum opens ‘Desire Machines’ exhibition by Hajime Sorayama15:19, April 26
Supermodel Gisele Bündchen bursts into tears during conversation with police14:11, April 26
Jimmy Kimmel mocks Kanye West's plans to launch porn platform13:31, April 26
Ex-girlfriend Julia Fox says her affair with Kanye West left ‘sour aftertaste’ in her mouth12:20, April 26
Kylie Jenner not pregnant with Timothée Chalamet's child, despite social media rumors11:16, April 26
Salma Hayek shares throwback photos from wedding to Francois-Henri Pinault10:18, April 26
Kim Kardashian admits to not watching American Horror Story with her debut23:16, April 25
Miu Miu becomes world’s most popular brand22:19, April 25
Arnold Schwarzenegger reveals some subtleties of Sylvester Stallone's unique style