JAY Z OVERTAKES DIDDY AS RICHEST MAN IN HIP HOP
Written by TREND1009 on March 2, 2018
Every year, since 2011, Forbes has ranked the wealthiest men in Hip Hop, and every year in that period, Diddy has come in the first position. But that has changed with the 2018 rankings released on Thursday, Complex reports. Read below.
For ’18, Jay Z’s net worth leapt from $810 million to $900 million, in large part due to the growing values of his investment in Armand de Brignac champagne and D’Ussé cognac. Last year’s Forbes list for America’s Wealthiest Self-Made Women put Beyoncé at $350 mill, making headlines for pushing the Carters into the billionaire club with $1.16 B’s. (The website Celebrity Net Worth says Queen B’s worth $500 million.)
Diddy aka Love, comes in at No. 2 with $825 million. His fortune has received a slight bump due to lukewarm trends in the vodka and cable TV markets, which impact his stakes in Ciroc and Revolt. But he’s seen considerable growth with DeLeon tequila—a collaboration between himself and beverage king Diageo—which has increased his net worth
Dr Dre, with $770 million at No. 3, can thank upward trends in Beats affecting his fortune. This summer, he’s also up for ownership of Apple stock, which is worth more than $100 million. The shares may permit him to jump past Hov and Diddy in 2019.
There’s always a considerable drop between the third spot on the list and the fourth and fifth. Drake and Eminem are tied for $100 million each, at No. 4 and 5, respectively. This is the first time Drake has broken through to $100 million, and this is also Eminem’s first time on the list, as he has surpassed Cash Money head Birdman.
Last year saw Diddy at No. 1 with $820 million, Jay Z at No. 2 with $810 mill, Dr. Dre at No. 3 with $740 mill, Birdman at No. 4 with $110 million, and Drake at No. 5 with $90 mill.