Jay-Z Beats Diddy For The First Time As Wealthiest Hip Hop Act

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Rapper Shawn 'JAY Z' Carter participates in a panel discussion during Shawn 'JAY Z' Carter, the Weinstein Company and Spike TV's announcement of a documentary event series on Kalief Browder on October 6, 2016 in New York City.

HOV grabs the cash crown in the hip hop world.

Jay-Z's influence in hip hop doesn't just come from his extensive discography and the incredible music he's dropped over the span of his 20+ years in the rap game, it also stems from his business acumen. Aside from making music, his investments and businesses have helped him make some major bank and created a template for younger artists to get their money up. He's been one of the richest rappers but never the most rich. However, Forbes' recently released their "Hip Hop's Wealthiest Artists 2018" and Hov has finally topped the list.

According to Forbes', Jay-Z has finally topped the list for most wealthiest artists of the year. The list launched in 2011 and while Jay's been in the top five each year, he's never took the crown. According to their report, Jay-Z's net worth went up from $810M to $900M within the past year. The rise in numbers is mainly due to the rising interests of his liquor investments, Armand De Brignac champagne and D'usse. In addition, his ownership in Roc Nation and Tidal streaming service upped his stock even more.

This marks the first time Jay's beat Diddy out in the seven years that Forbes' been documenting the richest hip hop moguls. Diddy now sits at number two while Dr. Dre claims the third spot. All three of them are not only the wealthiest hip hop acts in the world but they're also three of the richest American musicians of any genre.

In addition to Jay, Dre and Diddy, Drake and Eminem tie for fourth and fifth spot with $100M in earnings within the past year.

About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.