Jay-Z is now the richest musician in the Hip-hop act, according to Forbes.
Thus he has shove P. Diddy, who has held on to the title consecutive years, to second place.
Jay-Z tops the list with an estimated net worth of $900 million. His mind-boggling earnings knock Sean “Diddy” Combs from the No. 1 spot, a title he previously held for seven consecutive years.
Diddy trails behind with an equally impressive $825 million and Dr. Dre comes in third with $770 million, though there’s a steep drop off when it comes to the fourth and fifth richest rappers in the music industry. Drake and Eminem profited $100 million each within the past year.
According to Forbes the 4:44 artist’s stakes in Armand de Brignac champagne and D’Ussé cognac have steadily risen in value, in addition to him owning Tidal and Roc Nation.
Diddy on the other rakes in money via entures with various spirit companies, and Dre is still reaping the benefits of Apple’s $3 billion buyout of his Beats company from 2014.
The outlet predicts the race to reach $1 billion is especially tight between Jay-Z and Diddy, a milestone that depends on the longevity of their various investments in beverage brands.