Sean Combs lost his spot as the revered winner in Forbes’ Hip-Hop’s Wealthiest Acts on Thursday, as Jay-Z took the spot with an estimated net worth of $900 million. Jay’s income knocked Combs out of the position which he formally held for seven years in a row.
However, P.Diddy isn’t far beyond considering he has an impressive $825 million while Dr. Dre comes in around $770 million. Drake and Eminem were also on the list with approximately $100 million in the last year.
As you may know, Drake and Eminem both dropped successful albums in 2017. Other entrepreneurs such as Birdman have also been on the list before.
As for what made the “Big Pimping” rapper such a wealthy man, the value of Jay’s shares in companies such as Armand De Brignac as well as D’Usse cognac has slowly risen.
Furthermore, Jay has made a lot of money with companies like Roc Nation and Tidal. On the other hand, Diddy has been making money with spirits, and Dr. Dre was still rolling in the benjamins following his $3 billion selling of Dre Beats back in 2014 to the tech juggernauts, Apple Inc.
According to Forbes magazine, the top spot of $1 billion will be incredibly tight because Jay-Z and Diddy’s money comes primarily from several types of investments in beverage brands, markets which tend to be particularly volatile.
Not only does Jay make a lot of his own money by himself, but his wife, Beyonce, is currently 2017’s Richest Woman in Music with a salary of $105 million.
For all those who doubt, there’s a reason why Bey and Jay are considered as a celebrity power couple. Not only is it because of their ability to bring home the bacon, but also due to their expanding family; the couple announced the birth of their twins last year.