With Hip-Hop yet to produce a single billionaire, there are five names that continue to get closer to the prize that so many strive for. The 2016 top 5 richest Hip-Hop artists have seen a new name make his way onto the list. After years of it being dominated by the same five names, Drake’s net worth of $60M surged his way into fifth place, eliminating 50 Cent from the list.
#5 Drake – Net Worth: $60M
Breaking into the top 5 richest Hip-Hop artists in 2016, Drake is unquestionably the name with the most momentum right now from a purely cultural perspective. Toronto-based Drake just dropped his #1 record Views (released in 2016) which is the follow-up album to the Grammy award winning Nothing Was the Same (released in 2013). Throughout the past year, he’s also put out the highly acclaimed If You’re Reading This It’s Too Late mixtape and a subsequent collaboration with Future in What a Time to Be Alive, alongside the 2015 summer single Hotline Bling. Drake has also continued to remain at the helm of deals related to Toronto’s OVO Music Festival, the NBA’s Toronto Raptors and multiple sponsorship deals with major corporate brand names such as Nike and Apple.
#4 Birdman – Net Worth: $110M
Birdman, the co-founder of Cash Money Records, has seen his net worth shrink over the past few years from a high of $140M to $110M but he maintains his place on the list. With label releases not fairing as well as they have in years past, Cash Money Records is still a strong brand but its profits pale in comparison to what was made in the early 2010s. Don’t rule them out though. Cash Money Records still has strong deals in place with some of hip hop’s biggest names including Drake, Nicki Minaj and Lil’ Wayne that are sure to set the label up for a lucrative future.
#3 Jay Z – Net Worth: $610M
The Brooklyn-bred rapper continues to battle his way up the profit charts with a unique mix investments including the much-maligned and sometimes-praised Tidal streaming service. Though Tidal has had its criticisms, the $56M used to purchase the service has now grown in value to over $150M, tripling the value of Tidal’s technology and service since Jay Z made his initial purchase. This, in combination with other business investments has set Jay Z up for a profitable future that could see him continue to climb this list in the years to come.
#2 Dr. Dre – Net Worth: $710M
Coming in at number 2 on the list of the top 5 richest Hip-Hop artists in 2016 is Dr. Dre with a net worth of $710M. Dr. Dre is most known within the contemporary Hip-Hop business for his continued involvement with the Beats headphones brand as well as the profits derived from the Dre-produced Straight Outta Compton biopic. What is not widely known is how Dre continues to build his empire with an impressive portfolio of real estate, primarily in Southern California, which continues to grow seemingly with each year that passes.
#1 Diddy – Net Worth: $750M
The richest man in Hip-Hop continues to be Diddy with a staggering net worth of $750M largely built around sponsorship agreements and his ownership value in assets such as the Revolt TV network, the Sean John clothing line, Deleon tequila, Aquahydrate alkaline water. He also runs his own record label, Bad Boy, which features talent such as Diddy himself, Machine Gun Kelly and French Montana.