Drake Knocks 50 Cent Off Forbes’ List Of The Five Wealthiest Hip-Hop Artists
Many laughed at Drake and his dance moves in the video for “Hotline Bling,” but the Toronto rapper is laughing all the way to the bank. Forbes has released its annual list of the wealthiest artists in Hip-Hop, and while the usual suspects remain atop of their tally, there has been a new entrant into the Forbes 5.
In 2007, 50 Cent shocked the world when it was announced that his equity stake in Glaceau, the parent company of Vitamin Water had earned him a rumored $400 million when the company was sold to Coca-Cola. Nine years later, things have changed substantially for 50. Forbes is reporting that the equity stake actually landed the MC born Curtis Jackson $100 million dollars, still an enormous amount of money, but one fourth of what had been reported, and lavish spending and legal problems, which led to Fif filing for bankruptcy in 2015, have taken a sizable toll on his fortune. As a result, Drake, amassing an estimated net worth of $60 million from record sales, tours and endorsements, has earned the number 5 spot on the top 5 list.
Drake, who Forbes says once declared he wanted to be worth $250 million by this age (29), is still a far cry from the big 4, which consists of Diddy, Dr. Dre, Jay Z and Drake’s Cash Money boss, Birdman. Forbes estimates their worths as follows:
1. Diddy – $750 million
2. Dr. Dre – $710 million
3. Jay Z – $610 million
4. Birdman – $110 million
Still, the wealth Drake has earned in less than a 10-year span is very impressive, and appears to be on the upswing, as just this week he sold 630K albums of his new Views album in a single day.
While it seemed Dr. Dre might be poised to become Hip-Hop’s first billionaire after Apple’s purchase of his company Beats, it appears no Hip-Hop magnate has reached that milestone yet, though Forbes believes it is likely for one of the artists on the list.