The 48-year-old Jay-Z, real name Shawn Corey Carter, is the highest-paid hip-hop musician, topping the list with a whopping $76,5 million.
Forbes says the American rapper, songwriter and producer made most of his earnings from his Everything is Love joint-album with wife Beyoncé and stadium tour On The Run II.
Jay-Z topples Sean John Combs, also known as Diddy, who topped the list for three years in a row. Diddy slipped to the second spot this year with $64 million.
According to the publication, Diddy made his money largely from beverage empire that includes CÎROC vodka, DeLeon tequila and Aquahydrate alkaline water.
The first non-classical or jazz artist to win the Pulitzer prize, Kendrick Lamar took a career-best third spot with $58 million.
Most of Lamar’s fortunes were made from his solo tour and as headliner for TDE: The Championship Tour.
The publication updates its regular statistics on the yearly earnings of hip-hop acts with this latest list. Forbes also noted that months-long tours and huge commercial deals have played a major part in the new figures.
Forbes’ methodology tracks pretax annual income from touring, record sales, streaming, publishing, merchandise sales, endorsements and other business ventures.
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It doesn’t deduct the management, agent and attorney fees. The earnings are calculated from June 2017 to June 2018 and are based on data from Nielsen SoundScan, Pollstar, Songkick, Bandsintown, the RIAA and interviews with managers, lawyers, executives and many of the artists themselves.
Here is the list of the rappers who made it into the top 10:
- Jay-Z ($76,5 million)
- Diddy ($64 million)
- Kendrick Lamar ($58 million)
- Drake ($47 million)
- J Cole ($35,5 million)
- Dr Dre ($35 million, tie)
- Nas ($35 million, tie)
- Pitbull ($32 million)
- Future ($30 million)
- Kanye West ($27,5 million)