The hip-hop industry has produced some of the wealthiest artists ever
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Hip-hop artists have set new records in the music industry, shaping the genre for a new generation. The rise of hip-hop has also made rappers some of the richest artists in the music world. While some rappers tend to flaunt their assets and possessions, fans are well aware of their riches like Drake's $12 million YOLO estate, Jay-Z's $28 million custom-made Rolls Royce Boat Tail convertible, and much more, others aren't as flashy.
Here’s a look at the top 10 richest rappers of 2023:
1. Jay-Z: $2.5 billion
Jay-Z became hip-hop's first billionaire in 2019. Since then he has doubled his fortune to $2.5 billion, according to Forbes. Jay-Z sold a 50% stake in his champagne empire Armand de Brignac, otherwise known as Ace of Spades, for nearly $300 million to LVMH in 2021 as per Forbes. He further sold the majority of his stake in his cognac brand D'Usse to Bacardi in February 2023 for an estimated amount of nearly $750 million, per Bloomberg giving a massive boost to his wealth. Jay-Z is regarded as one of the greatest rappers and has been inducted into the Rock & Roll Hall of Fame as well.
2. P. Diddy: $900 million
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Rapper, singer, record producer, entrepreneur, and designer P. Diddy, aka Puff Daddy, has an estimated net worth of $900 million, as per Celebrity Net Worth. Diddy is best known for his record label Bad Boy Entertainment, and his solo musical and entrepreneurial pursuits. He has also launched, or shaped, the careers of artists, like The Notorious B.I.G., Mary J. Blige, and Faith Evans.
3. Dr. Dre: $500 million
Rapper, producer, and actor Dr. Dre has amassed a net worth of $500 million, as per Celebrity Net Worth. Being one of the most successful entertainers, Dr. Dre has earned hundreds of millions of dollars from his music career. He has further made a significant amount of money through various entrepreneurial pursuits and launched the careers of artists like Eminem and 50 Cent through his production company/label Aftermath Entertainment.
4. Kanye West: $400 million
Once a billionaire, Kanye West’s net worth dropped to $400 million in 2023, as per Forbes. The drop from his previous reported net worth of $1.3 billion in 2021 was a result of several brands including Adidas severing ties with West over his antisemitic remarks. Despite this, West is still one of the richest most successful, and influential artists of his generation.
5. Eminem: $250 million
Multi-platinum-selling rapper, producer and actor Eminem has an estimated net worth of $250 million as of 2023. Over his decades-long career, he has been one of the highest-paid entertainers making around $20 to $50 million a year, as per Celebrity Net Worth. Eminem has made millions from his own music and label, Shady Records. As per the publication, Eminem’s total career earnings could be over $420 million.
6. Drake: $250 million
Canadian-born actor, producer and rapper Drake has an estimated net worth of $250 million as of 2023, according to Celebrity Net Worth. One of the highest-paid entertainers in the world, Drake’s music has made him a household name worldwide. As per Celebrity Net Worth, Drake has earned over $430 million in his career before taxes and lifestyle costs.
7. Pharell Williams: $250 million
Recording artist, producer, musician and fashion designer, Pharrell Williams has an estimated net worth of $250 million, as per Celebrity Net Worth. Apart from producing hit tracks, multiple solo albums, and tours with his band, N.E.R.D, he has also composed the soundtracks for various films and shows, including, "Despicable Me", "Chelsea Lately", and the 84th Academy Awards.
8. Master P: $200 million
Rap Mogul, entrepreneur and film producer Master P has a net worth of $200 million, as per Celebrity Net Worth. He gained success in the 1990s and early 2000s. Master P is also a successful investor, and the founder and CEO of No Limit Entertainment, which is one of the most successful independent record labels of all time.
9. Usher: $180 million
Singer, songwriter, producer, and actor Usher has amassed a fortune worth $180 million as of 2023, as per Celebrity Net Worth. Usher started performing with a group of pre-teens and appeared on the show"Star Search" at age 13. The show led him to L.A. Reid and LaFace Records, who signed him and set off to create history. Usher is also the co-founder of Justin Bieber‘s record company, RBMG Records.
10. Lil Wayne: $170 million
Rapper, producer, and music executive Lil Wayne ranks as the 10th richest rapper with an estimated net worth of $170 million, as per Celebrity Net Worth. Born Dwayne Michael Carter Jr., Lil Wayne is a Grammy Award-winning rapper who has produced numerous hit albums and singles, including Tha Carter (2004), Tha Carter II (2005), and Tha Carter III (2008). Apart from his music, Lil Wayne also has his record label, Young Money Entertainment, which has launched the careers of several successful artists, including Drake, Nicki Minaj, and Tyga.
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