Sean Combs tops Forbes magazine’s annual list of “The World’s Highest-Paid Rap Acts.”
The rap mogul, who reverted back to his original “Puff Daddy” moniker ahead of his forthcoming album, earned $60 million over the past year, according to Forbes, securing his spot as this year’s hip-hop cash king.
Combs’ earnings largely come from his ventures outside the studio. His robust business portfolio includes TV network Revolt, alkaline water brand Aquahydrate, clothing line Sean John and Ciroc vodka.
Closely behind Combs is Jay Z (they tied for second place last year), who pulled in $56 million. His sold-out On the Run tour with wife Beyoncé contributed to his earnings, as well as business ventures including his entertainment company Roc Nation and Armand de Brignac champagne.
Backed by the success of his surprise album, “If You’re Reading This It’s Too Late,” Drake landed at No. 3 – his highest position ever – after earning $39.5 million.
Unlike Puff Daddy and Jay Z, Drake’s earnings are largely pulled from music. Endorsements from Sprite and Nike helped, but he was a relentless performer during Forbes scoring period, playing 50 shows with a nightly average gross of nearly $1 million.
Next was Dr. Dre, who topped the list last year, and Pharrell Williams rounds out the top five. Nicki Minaj, landing at No. 9, is the only female to land on the list.
For the complete list, click here.
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