Jay Z Named World's Richest Rapper By Forbes
Jigga upped his net worth by around 10% over the last 12 months to $900 million, displacing Sean 'Diddy' Combs from the Forbes list.
Jay Z has ended Sean ‘Diddy’ Combs’ reign at the top of the Forbes list of hip-hop’s highest earners, mostly thanks to cognac and champagne.
The magazine reported on Thursday (March 1st) that the 48 year old rapper – who welcomed twins roughly a year ago with his wife Beyonce and released his latest album 4:44 - had a net worth of $900 million, increasing his wealth over the last 12 months by an estimated $90 million.
That increase was largely derived from the booming value of his interests in Armand de Brignac champagne and D’Ussé cognac, as well as ownership stakes in record label Roc Nation and his Tidal music streaming service.
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