Jay-Z Named Hip-Hop Cash King

August 17, 2010 By:
Jay-Z Named Hip-Hop Cash King

Jay-Z has topped yet another list. And yes, it’s because of all that damn money he’s making!

According to Forbes, the rapper has been crowned the “Hip Hop Cash King.”

Jay-Z earned the title by making $63 million over the past 12 months, thanks to business ventures like a high-grossing tour, real estate investments and the successful Broadway production "Fela!"

The number two spot was unsurprisingly taken by P.Diddy, who came nowhere near Jay-Z in terms of numbers. Diddy banked $30 million in the past year thanks to endorsement deals and roles in films like "Get Him to the Greek."

Coming in third is Akon, who earned $21 million from endorsement deals and his signing of Lady Gaga to his Interscope-backed label KonLive.

Lil Wayne landed at the #4 spot with $20 million in earnings, most of which came through touring; the rapper's tours last year, I Am Music and America's Most Wanted, were the biggest hip-hop outings of 2009.

Dr. Dre came in at #5, earning $17 million through a combination of album royalties from his past projects, executive producing a pair of Eminem releases and income from his headphone line Beats by Dre.

Ludacris, Snoop Dogg, Timbaland, Pharrell and Kanye West rounded out the top 10.

Jay-Z must be getting used to being on top every year; with the exception of 2008, he’s the winner every year since 2007!