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Category: Money

Jay-Z Tops Forbes Richest Hip-hop Artists

Written on August 18, 2010 by R. Depp

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Hip-hop artists banked a total of $300 million this year and Jay-Z reigns on Forbes list.

It’s a give and take process. may earn million of bucks but it means he pays more taxes.

According to the latest report from , the Brooklyn-born rapper earned a whooping $63 million over the past 12 months. In return, he has to shed $22 million in federal and state taxes.

Ryan Schinman, chief of media buyer Platinum Rye, commented on this. “Jay-Z is in a league of his own right now. There are very few artists of any genre, not just , who’ve created such brands for themselves.”

This was a total of 80% increase for Jay-Z who racked up only $35 million last year. He was followed on the list by Diddy, Akon and Lil Wayne.

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