Entertainment: Diddy tops Forbes' 'Richest in Hip-Hop 2017’ list with net worth of $820 million

Date: 
Wednesday, May 10, 2017 - 14:45

Forbes released Wednesday its 2017 list of Hip-Hop’s Wealthiest Artists – these five artists have a combined net worth of approximately $2.57 billion.

Diddy (No.1) retains his top spot as the richest artist in Hip-Hop, closing in on billionaire status on account of his lucrative deal with Diageo’s Ciroc, as well as huge stakes in TV network Revolt.

The financial news outlet estimates his net worth to be $820 million, marking his seventh consecutive year on top of the list.

Closely behind, Jay Z’s (No.2) fortune has jumped 30% in the past year after a $200 million investment from Sprint reportedly put the valuation of his music-streaming service, Tidal, at $600 million, more than 10 times what he paid for the company two years ago.

His net worth is $810 million.

Dre (No.3) hasn’t quite achieved the billionaire status he initially claimed, but his cut in the Beats sale gave him the largest single-year payday ever recorded by a living musician; his fortune has since swelled to $740 million thanks to savvy investments.

There’s a long drop between the top three and the rest of the list. Bryan “Birdman” Williams ranks fourth with $110 million. Along with his brother, Ronald “Slim” Williams, Birdman co-owns Cash Money

Records, home to three of the music world’s biggest stars: Drake, Nicki Minaj and Lil Wayne. All three have been rumored to be leaving the label in recent years, but so far their record deals have kept them in place—and Cash Money’s coffers full.

SOURCE: https://www.forbes.comhttp://wgntv.com

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