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Jay-Z tops Forbes list of highest-paid hip-hop acts 2018

Press Association logoPress Association 13/09/2018 By Andrew Arthur, Press Association Entertainment Reporter
© Getty

Rapper Jay-Z has been named the highest-paid hip-hop act of 2018 after collecting 76.5 million US dollars (£59 million) over the past 12 months.

Jay-Z, real name Shawn Carter, has overtaken rapper and record producer Sean ‘Diddy’ Combs, who had topped the annual Forbes list for three consecutive years.

Jay-Z toured his last solo album 4.44 in the back half of 2017 and this year has gone on the road with his wife Beyonce for their On The Run II world trek.

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The couple also released a joint album called Everything Is Love in June.

Diddy accrued 64 million US dollars (£49 million) largely thanks to a drinks empire that includes the Ciroc brand of vodka.

Sean 'Diddy' Combs on The Graham Norton Show© Provided by The Press Association Sean 'Diddy' Combs on The Graham Norton Show

Kendrick Lamar is third on the list after pulling in 58 million US dollars (£45 million) following an extensive touring schedule.

Drake is fourth with 47 million US dollars (£36 million) after his music had over five billion streams in the past 12 months. This made the Canadian rapper the most consumed musician in the world, according to Forbes.

Jay-Z tops Forbes list of highest-paid hip-hop acts 2018© Provided by The Press Association Jay-Z tops Forbes list of highest-paid hip-hop acts 2018

J Cole is in fifth place with 35.5 million US dollars (£27.3 million) while Dr Dre and Nas are tied for sixth with 35 million US dollars (£26.8 million).

It marks the debut appearance of Jay-Z’s former New York rival Nas (full name Nasir Jones) on the magazine’s list of wealthiest hip-hop stars since it was first compiled in 2011.

Further down the list was Kanye West at number 10 with 27.5 million US dollars (£21.1 million). West released his eighth studio album Ye in June.

He was just ahead of producer and rapper DJ Khaled who pocketed 27 million US dollars (£21 million) partly thanks to endorsement deals with technology firm Apple and Weight Watchers.

In March, Jay-Z was named the wealthiest hip-hop star in the world by Forbes after his net worth jumped to 900 million dollars (£690 million).

Gallery: Jay-Z is worth $900 million — see how the rapper-turned-mogul makes and spends his fortune (Business Insider)

JAY-Z et al. posing for the camera: Jay-Z has an estimated net worth of $900 million.He's earned his fortune through a hip-hop career spanning nearly three decades and has also parlayed his success into several business ventures.They include entertainment labels, a clothing line, alcohol brands, an upscale sports club, and a $600 million streaming service. With a net worth of  $900 million, Jay-Z is one of the wealthiest musicians in the world. The rapper has earned millions from sellout tours and chart-topping albums over the course of his nearly 30-year career. But music is far from his only money-making venture. Over the years, Jay-Z has parlayed his success in the hip-hop world into a fortune earned as an entrepreneur. His ventures include entertainment labels, a clothing line, upscale alcohol brands, and the music-streaming service Tidal. Read on to see how Jay-Z has earned - and multiplied - his fortune.

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