Mr Carter popularly known as Jayz is now the richest Hip Hop act in the just released top five Forbes list. The rapper, producer and business man, topple old friend, Combs as the richest in the world. Forbes put his value at $900 million as his net worth moved from $810 million to $900 million over the past year.
According to Forbes,the Brooklyn-born mogul’s jump is due mostly to the rising value of 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.
This is despite him and his wife Beyonce spending $114million on properties last year, with $26 million for an East Hampton mansion and another $88 million Bel Air estate, adding 21,000 square feet per newborn. er on the planet.
No. 2: Diddy ranks second with $840million after his fortune slightly in the past 12 months; tepid trends in the vodka and cable TV sectors have affected his interests in Ciroc and Revolt, but heady growth at DeLeón tequila, his joint venture with beverage giant Diageo–and massive annual earnings totals in recent years–have kept his net worth trending in the right direction.
No. 3: Dre ranks third with $770 million, creeping upward thanks to the market trends boosting his nine-figure windfall from Apple’s $3 billion buyout of Beats in 2014. The superproducer is also in line to receive a slug of Apple stock this summer worth well over $100 million; depending on the tech giant’s share price at the time, he could leapfrog Diddy and Jay-Z when that happens
Jayz, Combs and Dre are far ahead of the others, as fourth and fifth names on the list: Drake and Eminem, tied at an even $100 million apiece. The youngest impresario of the bunch, 31-year-old Drake has earned more than $250 million since 2010, before taxes and spending; an equity stake in Virginia Black whiskey and pricey estates in Toronto, Canada, and Hidden Hills, California, pad his holdings. His inclusion on the Forbes Five represents yet another career goal achieved.
Source:Forbes