Hip-Hop legend, Shawn Carter aka Jay Z, has been crowned Forbes richest hip-hop act of 2018.
The rapper is making the number one position on the competitive Forbes list for the first time having overthrown his colleague Sean Combs aka P. Diddy.
It is, in fact, the first time in the list’s seven-year existence that Diddy hasn’t been No. 1.
Forbes says Jay-Z, Diddy and Dre are not only the wealthiest hip-hop acts on the planet, but the richest American musicians of any genre.
Jay Z raked in $900 million in the past year, a huge bump from the $810 million he made the year prior that earned him the No. 2 spot on Forbes’ 2017 list.
Jay Z’s net worth increase is due to his many business endeavours including his label Roc Nation, streaming service Tidal, ventures with spirits brands Armand de Brignac and D’Ussé, among others.