Jay-Z Overtakes P. Diddy As Wealthiest Hip-hop Artist Of 2018
14 September 2018
Forbes has revealed the wealthiest hip-hop acts of 2018.
Jay-Z has this year overtaken P. Diddy to top the list, upping his net worth from $810 million (£589 million) to $900 million (£654 million) over the past year; it's the first time he's placed as number one since Forbes started the list back in 2011.
The shift is largely attributed to his interests in Armand de Brignac champagne and D'Ussé cognac, on top of nine-figure ownership stakes in his Roc Nation empire and Tidal streaming service.
Diddy has now fallen to second, with Dr. Dre in third place; the three are also the richest American musicians of any genre. Diddy's fortune ranks at $825 million (£599 million), while Dre's fortune ranks at $770 million (£559 million), thanks partially to market trends boosting his nine-figure windfall from Apple's $3 million buyout of Beats in 2014.
He's set to receive Apple stock this summer worth well $100 million, which could be enough to catapult him ahead of Diddy and Jay-Z on next year's list.