cheap beats by dre headphones Combs to become richest hip
Jay Z has climbed past Sean “Diddy” Combs to rank as the world wealthiest hip hop artist thanks to heady champagne and cognac investments, according to data released by Forbes magazine on Thursday.
The 48 year old “Hard Knock Life” rapper and music mogul increased his estimated net worth in 2017 to $900 million, up by $90 million from the year before in the annual list compiled by Forbes.
Combs, 48, who had been hip hop wealthiest artist since Forbes first released the list in 2011, grew his estimated $825 million fortune by a tepid $5 million last year, Forbes said.
The primary driver of Jay Z wealth came from investments in luxury champagne brand Armand de Brignac and D cognac, while lukewarm trends in the vodka and cable television sectors weighed on Combs investments in Diageo Ciroc vodka and the TV network Revolt, Forbes said.
Jay Z tenure at the top spot may be short lived. Hip hop third wealthiest figure, Dr. Dre, is expected to add a nine figure windfall of Apple stock to his estimated $770 million wealth this summer, Forbes said. Apple acquired Dr. Dre headphone and audio speaker company Beats in 2014.