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Rapper overtakes Diddy's No 1 position on Forbes richest in hip-hop

Jay Z, according to Forbes is now the richest mogul in Hip-Hop.

According to Forbes, Jay Z is now the richest hip-hop in the business with close to $1B in the bag, a position which he has never occupied.

Diddy who has always occupied the position dropped to the second position with an estimated wealth of $825M. Forbes says the reason Jay-Z's wealth went all up on the table is his new business interest in alcohol. He bought a stake in Armand de Brignac and D'Ussé cognac which increased his net worth.

Let's not also forget about his nine-figure ownership stakes in his Roc Nation empire and Tidal streaming service.

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Third on the list is Dr. Dre who also happens to be the oldest on the list at the age of 53 whose net worth is estimated at $770M which according to Forbes is as a result of Apple's purchase of Beats headphone line.

The fourth position has got a tie between Drake and Eminem, the later is said to be appearing on this list for the first time which largely as a result of his recent back on the road tour of his album 'Revival' which is his first album in the last four years. Just Jay Z, Drakes estimated $100M  comes partly from his equity interest in a liquor company, Virginia Black whiskey.

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