Here’s some Black excellence for you: JAY-Z and Diddy are, according to Forbes, the “richest American musicians of any genre.”
Even more: Jay is, quite literally, knocking on the billionaire club’s door.
Forbes has revealed hip hop’s top five wealthiest artists, and Shawn Corey Carter leads them all with a net worth hovering at an estimated $900 million. “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,” the article reports.
Jay supplanted Diddy at the top spot, who fell to second with a net worth of approximately $825 million. Despite “tepid trends in the vodka and cable TV sectors” affecting his bottom line with both Ciroc and REVOLT TV, thanks to “heady growth at DeLeón tequila, his joint venture with beverage giant Diageo — and massive annual earnings totals in recent years,” Diddy is well on his way to a billion as well.
Dr. Dre comes in at a “paltry” $770 million, with most stemming from his and Jimmy Iovine‘s historic sale of Beats Music to Apple. However, thanks to that sale, Dre is slated to “receive a slug of Apple stock this summer worth well over $100 million,” which could propel him back to the top spot and past Diddy and Jay-Z when that happens.
Drake and Eminem, tied at an even $100 million, round out the top five.
Feeling motivated yet?