Hip-Hop’s Wealthiest Artists 2016

Posted by: lukwago J in Entertainment May 4, 2016

NEW YORK – Rapper Aubrey “Drake” Graham became the newest member of The Forbes Five club of hip-hop’s wealthiest artists on Monday with a net worth of $60 million,^[1] according to Forbes.

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The annual Hip- hop list has regularly included rap artists Bryan “Birdman” Williams, Andre “Dr. Dre” Young, Shawn “Jay Z” Carter, Curtis “50 Cent” Jackson and Sean “Diddy” Combs.

Drake net worth of $60 million

But due to a mismanagement of funds which resulted in a bankruptcy last summer, 50 Cent was superseded by Drake,^[6] who has increased his net worth through touring, music releases and business deals with Nike, Sprite and Apple .

“Views,” the fourth studio album by Drake, a Toronto native who goes by his middle name,^[1] sold an estimated 630,000 copies on its April 29th release date, according to Vibe Magazine. With each album selling at $13.99 exclusively on iTunes, the 29-year-old made about $800,000 that night.^[5]

Sean Diddy is the 1st – net worth of $750 million

Business mogul and rap artist Diddy continued to hold the number one title with a net worth of $750 million thanks to his agreement with Diageo’s Circo vodka,^[2] stakes in his music television network Revolt, his clothing line Sean John and more.^[9]

Dr. Dre 2nd with $710 million

Dr. Dre follows with $710 million, then Jay Z in third place with $610 million and finally Birdman,^[1] who came fourth with $110 million.^[3]

Jay Z in 3rd place with $610 million

While his net worth is small in comparison to his fellow club members, Drake is quickly climbing the ranks,^[4] earning some $150 million to date before taxes and spending, Forbes said.

Bryan Birdman 4th with $110 million.

The business magazine analyzes artists’ past earnings,^[4] values their current holdings and talks to industry specialists to determine which hip-hop star makes it on the list.

Combined together, Forbes said, all five artists are worth $2.2 billion dollars.^[1] (Reporting by Gina Cherelus; Editing by Daniel Wallis and Andrew Hay).^[10]

Source: thewhig

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