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Jay Z tops Forbes hip-hop rich list

TOP: Jay-Z

RAPPER JAY Z has topped Forbes hip-hop rich list for a fourth time, it has been revealed.

It is believed that the various investments and lucrative deals have kept The Empire State of Mind star, who earned an impressive $37 million in the last year, on the top of the prestigious list.

The 41-year-old’s business portfolio includes a $150 million deal with events company, Live Nation and shares in a chain of nightclubs and basketball team, New Jersey Nets.

Fellow hip-hop mogul Sean “Diddy” Combs, came in at second on the annual list, earning a cool $35 million.

While Jay Z’s recent rap partner, Kanye West ranked in at third, taking home $16 million in the past 12 months.

NEW ALBUM: Jay-Z and Kanye

The music duo’s first joint album Watch The Throne released last week (Aug 5) is steadily climbing its way up the iTunes charts, looking two make the pair a few extra dollars.

However, the 41-year-old’s former business partner, Damon Dash, hasn’t feared as well in the income stakes.

The New York native has recently had to dismiss accusations that he allegedly owes $3 million in back taxes to the US government.

Although Dash, who was one of the founders of Jay-Z’s Roc-A-Fella Records, now Roc Nation, has admitted that he might have "f***d up," while being investigated by the IRS.

The 40-year-old told Shade 45's radio show: "They're auditing me. When you're a business man, you have a lot of businesses, a lot of times they think you're laundering money or you're pretending you're writing things off
that you don't.”

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