Saturday 23 June 2018

Jay-Z tops Forbes list of wealthiest hip-hop artists

He saw his net worth jump to 900 million dollars.

Jay Z (Yui Mok/PA)
Jay Z (Yui Mok/PA)

By Joe Nerssessian, Press Association

Jay-Z has bagged the crown of wealthiest hip-hop star in the world.

The US rapper – who released his latest album 4:44 in 2017 – saw his net worth jump from 810 million dollars (£590 million) to 900 million dollars (£655 million) in the past year, according to Forbes.

ipanews_6c285cc2-e63a-47ae-b4b7-1e2de59eb7ad_embedded217874474
Jay Z concert – London

It is the first time he has topped the magazine’s list of wealthiest hip-hop stars since they began compiling it in 2011. This is largely thanks to the rising value of his stakes in Armand de Brignac champagne and D’usse cognac, Forbes said.

He overtook Diddy who falls to second with a net worth of 825 million dollars (£600 million) while Dr Dre is third at 770 million dollars (£560 million).

With a net worth of 100 million dollars, Eminem is in joint fourth with Canadian musician Drake – the only non-US rapper on the list.

Press Association

Style Newsletter

Stay on top of the latest fashion, beauty and celeb gossip in our Style newsletter.

Also in this section