Aug 17, 2007

Jay Z "the richiest rapper alive"

According to Forbes latest list of Hip Hop's wealthiest, Jay-Z is the industry's biggest earner - with an estimated $34 million amassed in 2006. The Def Jam president was followed by 50 Cent and Diddy (who has been slowly dropping down the list each year).

Shawn Carter, better known to the planet as master rapper Jay-Z, couldn't stand the view from the sidelines following his 2003 farewell The Black Album. Despite a frenetic schedule as president of Def Jam Recordings and co-founder of its ultra-successful Roc-A-Fella Records imprint, Jay-Z managed to squeeze in a comeback last year with Kingdom Come, his 11th studio album, which debuted at the top of the pop and rap music charts, selling some 2 million copies.

Jay-Z also owns the 40/40 Club sports bar franchise, with locations in New York and Atlanta, and a small stake in the NBA's New Jersey Nets. (He's often photographed in courtside seats alongside his girlfriend, pop superstar Beyoncé.) Plus the native New Yorker (from Brooklyn's hardscrabble Marcy Projects) collects income from blue-chip endorsement deals with Budweiser, Hewlett-Packard (nyse: HPQ - news - people ), and General Motors (nyse: GM - news - people ). All told, Jay-Z banked an estimated $34 million in 2006, earning him the top spot on Forbes' first-ever list of hip-hop Cash Kings.

Check out the complete list below:

  • 1. Jay-Z $34 million
  • 2. 50 Cent $32 million
  • 3. Diddy $28 million
  • 4. Timbaland $21 million
  • 5. Dr. Dre $20 million
  • 6. Eminem $18 million
  • 7. Snoop Dogg $17 million
  • 8. Kanye West $17 million
  • 9. Pharrell Williams $17 million
  • 10. Scott Storch $17 million


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