News — May 4, 2016 at 12:07 pm

Drake is now officially one of the richest hip hop artists in the world

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Hip hop’s richest club has just welcomed a new addition with rapper Aubrey “Drake” Graham becoming the newest member of The Forbes Five. He replaces departed 50 Cent with a net worth of US$60 million, according to Forbes.

Shirtless-Drake-Instagrams

 

The list has become the authoritative source of who’s making the big bucks in the industry and regularly features artists like Shawn “Jay Z” Carter, Curtis “50 Cent” Jackson and Sean “Diddy” Combs.

 

Drake takes the place of 50 cent , who dropped off the list after a mismanagment of funds that ultimately resulted in his bankruptcy. Drake
has gradually built his net worth through touring, music releases and a number of crafty partnerships and endorsement deals with Nike, Sprite and Apple.

 

His fourth studio album, “Views,” was released on April 29, selling more than 630,000 views on just its first day of release. The success of the album earnt the Toronto native around $830,000 overnight.

 

At the top end of the list, things have not changed a great deal. Diddy (or is it P Diddy or Puff Daddy? Honestly we can barely keep up) is sitting pretty on a Scrooge McDuck sized stack of cash. His net worth is at $750 million thanks to his clothing line Sean Paul, a profit share arrangement with Ciroc vodka and is a major stakeholder in AQUAhydrate’s “zero calorie water” (like all water).

 

Dr Dre is next in the sequence with a net worth of $710 million. His worth was hugely bolstered by Apple’s acquisition of Beats, a brand which he had consierable equity in. Jay Z follows in third place, with $610 million and Birdman, with $110 million sneaks into fourth place.

 

Forbes analyses artists’ paid earnings, values their current assets and talks to industry experts in assessing the net worth of each of the individuals on the list