Jay Z’s fortune has increased by 30% last year.
Such an increase was not sufficient to overcome rapper Sean Combs, known as Diddy. Diddy came on top of the annual list of Forbes published on Wednesday; the list is composed of the world’s richest hip hop artists.
Remained as number 1 on the list, Diddy’s fortune is worth $820 million. His recent deals with Ciroc vodka along with the Sean John clothing line, helped his fortune grow.
As for Jay Z, the famous singer came in the second place. His fortune is worth $810 million after the increase.
The increase is mostly because of his $200 million investment in his Tidal music streaming new service from US cell phone operator and communications company Sprint in January. Jay Z also own a champagne brand, Armand de Brignac, and possesses Roc Nation.
In 2016, Diddy’s fortune was $750m whereas Jay Z was $610m. Forbes famous list takes into consideration the singers’ past year earnings as well as looking at financial documents in order to value their current holdings. Forbes also speaks to analysts, lawyers in addition to experts in the music industry.
Dr Dre, former NWA singer and rapper, has a fortune worth of $740m after he sold Beats to Apple three years ago in 2014 for $3 billion. However, Dr Dre ranked below Jay Z and that is a first.
Several days after Dr Dre’s Beats deal, the famous rapper bought a 14,000 sq ft mansion in Los Angeles for about $40m.
Going down Forbes’ list, famous rapper Bryan Williams, known as the Birdman, owns $110m as a fortune.
Run with his brother, Williams’ record label welcomes some of the biggest artists in the world such as Drake, Nicki Minaj as well as Lil Wayne.
Coming after Williams is Drake which his fortunes is worth of $90m.