Jay Z, according to Forbes is now the richest mogul in Hip-Hop.
Jay Z has now been crowned the richest hip-hop mogul in the business overtaking longtime champ, Diddy.
According to Forbes, Jay Z is now the richest hip-hop in the business with close to $1B in the bag, a position which he has never occupied.Diddy who has always occupied the position dropped to the second position with an estimated wealth of $825M. Forbes says the reason Jay-Z’s wealth went all up on the table is his new business interest in alcohol. He bought a stake in Armand de Brignac and D’Ussé cognac which increased his net worth.
Let’s not also forget about his nine-figure ownership stakes in his Roc Nation empire and Tidal streaming service.
P. Diddy(Kevin Winter/Getty Images)
Third on the list is Dr. Dre who also happens to be the oldest on the list at the age of 53 whose net worth is estimated at $770M which according to Forbes is as a result of Apple‘s purchase of Beats headphone line.
The fourth position has got a tie between Drake and Eminem, the later is said to be appearing on this list for the first time which largely as a result of his recent back on the road tour of his album ‘Revival‘ which is his first album in the last four years. Just Jay Z, Drakes estimated $100M comes partly from his equity interest in a liquor company, Virginia Black whiskey.