JAY-Z Snatches Diddy's Top Spot On The Forbes List, Is Now The Richest Rapper In The Game
"Nah, we did that, black-owned things hundred percent, black-owned champagne ... "
Forbes Magazine dubbed JAY-Z the richest rapper in the game.
Diddy occupied the top slot for the entirety of the list’s seven-year existence, but Hova snatched his title after his earnings rose from $810 million to $900 million in the past year. This increase was attributed to Jay’s investment in the liquor business, the BBC reports.
The rapper famously boycotted Cristal champagne in 2006 after the company’s owners complained about the bubbly’s popularity with rappers. He then bought stake in Armand de Brignac; that combined with his investments in D'Ussé cognac, Tidal streaming and his Roc Nation label placed him at the top.
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Diddy came in second at $825 million. The Bad Boy mogul is also a liquor connoisseur, and made a fortune with his investment in Ciroc vodka and his own DeLeon Tequila.
Dr. Dre is third on the list at $770 million. The former N.W.A. member sold his Beats by Dre headphone company to Apple for $3 billion in 2014. Eminem and Drake rounded out the top five, earning $100 million each in the past year.