Forbes List Top 5 Wealthiest Hip Hop artists 2017
The same crop of artists that made 2016’s list still rule on the 2017 list, just a minor re-shuffle.
Last year 2016, the renowned Forbes magazine announced the five wealthiest Hip Hop artists 2016 as Diddy, Dr Dre, Jay Z, Birdman and Drake.
This year it’s pretty much the same except that Dr Dre and Jay Z switch positions of number two and three, the latter now at number two.
Diddy maintains his number one position with his Diageo Ciroc Vodka deal, a growing TV network Revolt.
Jay Z comes close at number two with his fortunes having increased due to the $200 million investment of Sprint in the rapper’s Tidal music streaming service, putting Tidal’s value at $600 million, 10 times what he paid for the company two years back. He has the endorsement deal of a champagne brand, Armand de Brignac, and a growing entertainment company, Roc Nation.
He now tops Dr Dre at number 3 for the first time since 2014, the year Dre sold his Beats to Apple for $3billion.
According to Forbes, to complete the Forbes Five list, the same procedures used to calculate the list of the world’s billionaires: looking at past earnings, valuing current holdings, leafing through financial documents and talking to analysts, attorneys, managers, other industry players and even some of the moguls themselves to find the details.
Birdman ranks fourth with $110 million, thanks to his highly valued Cash Money Records home to Drake, Nicki Minaj and Lil Wayne. Birdman co-owns the label with his brother Ronald “Slim” Williams.
Drake completes the list with a valuation worth $90 million. His 2016 album “Views” became the first album to top 1 billion spins on Apple Music which helped fuel a very demanding tour that took the Toronto native from Atlanta to Amsterdam, grossing north of $1 million per night along the way. His deals with Apple, Nike and Sprite should keep the cash coming.