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Jay-Z and Cognac: How booze made him world's richest rapper | Jay-Z and Cognac: How booze made him world's richest rapper |
(about 2 hours later) | |
Jay-Z's taste for a French brandy is one of the main reasons he's now the richest rapper for the first time. | Jay-Z's taste for a French brandy is one of the main reasons he's now the richest rapper for the first time. |
Once something lost in the back of your parents' booze cupboard, Cognac has seen its value rise. | Once something lost in the back of your parents' booze cupboard, Cognac has seen its value rise. |
Over the last few years Jay-Z has heavily invested in the drink, which is often seen in hip-hop videos, and it's worked out well for him. | Over the last few years Jay-Z has heavily invested in the drink, which is often seen in hip-hop videos, and it's worked out well for him. |
Around the world people are drinking more of the stuff - with more than a 10% growth in a year. | Around the world people are drinking more of the stuff - with more than a 10% growth in a year. |
And brandy is not the only tipple Jay and Bey like the taste of. | And brandy is not the only tipple Jay and Bey like the taste of. |
They have investments in the Armand de Brignac Champagne, which has also seen rising global sales. | They have investments in the Armand de Brignac Champagne, which has also seen rising global sales. |
The combination of hip-hop and the alcohol business is not a new thing. | The combination of hip-hop and the alcohol business is not a new thing. |
P. Diddy's investments in Diageo's Ciroc vodka have made him a fortune in the last five years. | P. Diddy's investments in Diageo's Ciroc vodka have made him a fortune in the last five years. |
Jay-Z released his latest album 4:44 in 2017. | Jay-Z released his latest album 4:44 in 2017. |
He saw his net worth jump from $810m to $900m (£590m - £655m) in the past year, according to Forbes. | He saw his net worth jump from $810m to $900m (£590m - £655m) in the past year, according to Forbes. |
The magazine's list of wealthiest hip-hop stars began in 2011. | The magazine's list of wealthiest hip-hop stars began in 2011. |
Diddy fell to second on the list with a value of $825m (£600m) with Dr. Dre in third. | Diddy fell to second on the list with a value of $825m (£600m) with Dr. Dre in third. |
Dre's extra-curricular investments are not in booze though. | Dre's extra-curricular investments are not in booze though. |
Headphones brand Beats has pushed up his bank account massively in the last three years. | Headphones brand Beats has pushed up his bank account massively in the last three years. |
Eminem is in joint fourth with Canadian musician Drake - the only non-US rapper on the list. | Eminem is in joint fourth with Canadian musician Drake - the only non-US rapper on the list. |
Hip-hop's wealthiest: The top five | Hip-hop's wealthiest: The top five |
1. Jay-Z - $900m (£655m) | 1. Jay-Z - $900m (£655m) |
2. P. Diddy - $825m (£600m) | 2. P. Diddy - $825m (£600m) |
3. Dr. Dre - $770m (£560m) | 3. Dr. Dre - $770m (£560m) |
=4. Eminem - $100m (£72m) | |
=4. Drake - $100m (£72m) | |
Forbes produced the list by looking at past earnings and financial documents, valuing current holdings, and talking to analysts, lawyers, managers and other industry experts. | Forbes produced the list by looking at past earnings and financial documents, valuing current holdings, and talking to analysts, lawyers, managers and other industry experts. |
Follow Newsbeat on Instagram, Facebook and Twitter. | Follow Newsbeat on Instagram, Facebook and Twitter. |
Listen to Newsbeat live at 12:45 and 17:45 every weekday on BBC Radio 1 and 1Xtra - if you miss us you can listen back here. | Listen to Newsbeat live at 12:45 and 17:45 every weekday on BBC Radio 1 and 1Xtra - if you miss us you can listen back here. |
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