Drake once said he planned to make $250 million by the time he was 29. With less than a year left before he turns 30, he’s still got a ways to go. But the Toronto native is certainly on the right track: this year, he’s the first newcomer to crack the Forbes Five.
what records are you aiming at breaking?
For years, list of hip-hop’s wealthiest artists has been composed of the same five figures—Birdman, Diddy, Dr. Dre, Jay Z and 50 Cent. But the latter spent his $100 million Vitaminwater windfall faster than we thought, and last summer’s bankruptcy filing knocked him off the list. Enter Drake—flush with cash from touring, music and deals with the likes of Nike NKE +0.32%, Sprite and Apple—at No. 5, with a net worth of $60 million.
“That’s pretty much my objective every year,” Drake once said of having his financial achievements acknowledged by FORBES. “Other than making good music.”
Welcome to the club, Drake. The 29-year-old star is the newest member of The Forbes Five, our ranking of the wealthiest hip-hop artists. Net worth: a combined $2.2 billion. Read on to see the full list.
1. Sean “Diddy” Combs ($750 million)
Call him Puff Daddy or Diddy—either way, he lived up to the name of his 2015 mixtape MMM (for alter ego Money Making Mitch), thanks mostly to his agreement with Diageo’s Ciroc vodka.Also valuable: stakes in his TV network Revolt, clothing line Sean John and alkaline water Aquahydrate.
2. Andre “Dr. Dre” Young ($710 million)
Two years ago the superproducer’s Beats By Dr. Dre sale got him the largest one-off payday of any living musician in history; last year’s biopic Straight Outta Compton padded his coffers, too.
Now he’s sitting on a nine-figure cash
stash—and a jaw-dropping portfolio of southern California real
estate—that even a billionaire would envy.
3. Shawn “Jay Z” Carter ($610 million)
The Brooklyn-born rapper boasts a broad range of holdings, but this year it’s his Tidal streaming service driving the growth of his fortune.The company has had its share of growing pains, but with 3 million paid subscribers, it’s now worth an estimated three times more than its $56 million purchase price.
4. Bryan “Birdman” Williams
The Cash Money chief moves up a spot despite the dip in his fortune, down from $140 million last year thanks to turmoil in his empire. Lil Wayne, Cash Money’s flagship artist, has slowed his once-frenetic release pace; rumors of his departure, along with fellow top acts Drake and Nicki Minaj, continue to swirl (a Cash Money rep says all are signed to multiple-album deals).
5. Aubrey Drake Graham ($60 million)
Known to the world by his middle name, the Toronto native once said he planned to make $250 million by the time he was 29. He’s got a ways to go, but he’s on the right track with income from touring, music and deals with Nike, Sprite and Apple. The final spot on this year’s Forbes Five? Not a bad 30th birthday present.
Drop-off: Curtis “50 Cent” Jackson
After scoring $100 million on the sale of Vitaminwater in 2008, 50 was a Forbes Five mainstay for years. He tried to repeat his investment feat with SMS headphones, Effen vodka and Frigo underwear, but his music career stagnated and he burned through cash more quickly than FORBES anticipated. A series of multimillion-dollar lawsuits sent him into bankruptcy last year—and off the list for the forseable future.
Drake is motivation enough for me, how about you?
let's share our thoughts, what do you love about drake?
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