Forbes Releases List Of The Richest Rappers For 2019
Naturally, Jay-Z tops this year’s Forbes ranking of hip-hop’s richest stars with his new Billionaire status. But who will be the next billionaire from the rap world? The answer is almost certainly one of the names below. Check out Forbes 2019 list of the richest rappers.
5. Drake- $150 Million
At only 32-years-old the Canadian star is the youngest on this list but he’s quickly gaining ground on hip-hop’s elders. Drake’s fortune grew 50% over the past year, boosted by holdings ranging from real estate to his Virginia Black whiskey, as well as a lucrative tour and new residency at the XS Nightclub in Las Vegas. His average gross has surged over the last few years from $500,000 to more than $2 million per stop. With his Toronto Raptors NBA Championship title, Drake may be earning even more next year.
4. Kanye West- $240 million
Kanye West continues to make headlines and sometimes headlines = money. Despite declaring himself $53 million in debt and beseeching Mark Zuckerberg for $1 billion to fund future creations in 2016, West makes his debut on this list thanks to a another patron: Adidas. West makes the list because of his huge stake in his Yeezy clothing line.
3. Diddy- $740 million
Diddy dips to No. 3 on this list as industry trends weigh on some of his holdings, including cable network Revolt and clothing line Sean John (though Diddy has sold much of his stake in the clothing company, he still retains a sizeable piece). The main driver of his fortune, is his vodka company Ciroc. New flavors have grown the company to all-time highs in recent years.
2. Dr. Dre- $800 million
Five years ago the superproducer sold his Beats By Dr. Dre headphone line to Apple $3 billion. He only owned about 20-25% of the company so he didn’t quite make the billionaire list that year. Although still at number 2, Dr Dre. has been investing more than earning money. Most notably his investments have gone into property this year (he paid $40 million for Tom Brady and Gisele Bundchen’s Los Angeles estate) and charitable donations (along with Beats cofounder Jimmy Iovine, he gave $70 million to start a school at USC).
1. Jay-Z- $1 billion
Though he’s hip-hop’s first billionaire, Jay-Z’s lead on the rest of the pack is even larger if his entire family fortune is taken into consideration: He and wife Beyoncé are now worth a combined $1.4 billion. So much for the notion that music is a dying business.