Rapper makes debut on Forbes Hip Hop rich list
Drake has become the newest member of the Forbes Five club of hip hop's wealthiest artists, released on May 2 with a net worth of $60 million.
Drake
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The Canadian rapper became the newest member of the Forbes Five club of hip hops wealthiest artists on Monday with a net worth of $60 million.
ALSO READ:Drake buys 2 new supercars! [PHOTO]
The 'Hotline bling' hit-maker joined the regulars including rappers Sean "Diddy" Combs, Andre "Dr. Dre" Young, Shawn "Jay Z" Carter, Bryan "Birdman" Williams and Curtis "50 Cent" Jackson.
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Due to a mismanagement of funds which resulted in a bankruptcy last summer, 50 Cent was superseded by Drake, who has increased his net worth through touring, music releases and business deals with Nike , Sprite and Apple.
According to Vibe Magazine, Drake's fourth studio album, "Views" reportedly sold an estimated 630,000 copies on its April 29th release date. The 29-year-old made about $800,000 in one night; with each album selling at $13.99 exclusively on iTunes.
Meanwhile, business mogul and rap artist Diddy continued to lead the pack with a net worth of $750 million thanks to his agreement with Diageo’s Circo vodka, stakes in his music television network Revolt, his clothing line Sean John and more. Dr. Dre follows with $710 million, then Jay Z in third place with $610 million and finally Birdman, who came fourth with $110 million.
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While Drake's net worth looks smaller in comparison to his fellow club members, Drizzy is quickly climbing the ranks, earning some $150 million to date before taxes and spending, according to Forbes.
Forbes analyses artists’ past earnings, values their current holdings and talks to industry specialists to determine which hip-hop star makes it on the list. Combined together, Forbes said, all five artists are worth $2.2 billion dollars.
Watch Nigerians trying to rap like Drake in our video below:
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