Forbes unveiled its annual ranking of Hip Hop’s wealthiest acts on Thursday (March 1), and Jay-Z tops the list with an estimated net worth of $900 million. His whopping earnings knock reigning Forbes king Diddy from the No. 1 spot, a title he previously held for seven consecutive years.
However, Diddy is not far behind, with an equally impressive $825 million and Dr. Dre comes in third with $770 million. Drake and Eminem also rank high on the list, both bringing in an estimated $100 million in the past year. Wow!
What’s behind the bump in Jay-Z’s net worth, which increased from $810 million to $900 million over the last year? According to Forbes, Jay’s stake in Armand de Brignac champagne and D’Usse cognac have steadily risen in value, in addition to him owning Tidal and Roc Nation.
Forbes also predicts that the race to reach $1 billion is especially tight between Jay-Z and Diddy, a milestone that depends on the longevity of their various investments in beverage brands.