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In the second position, Diddy's net worth sits at $825 million United States dollars, a $5 million increase from his 2017 number of $820 million.

Both JAY-Z and Diddy's names are commonplace at the top of Forbes' annual list of hip-hop's wealthiest acts, though the former has dethroned the latter to hold the top spot for the first time ever. Of course, it took much more than the success of their music for all three moguls to claim their places at the top.

Forbes notes that despite "tepid trends in the vodka and cable TV sectors" affecting his interests in Ciroc vodka and his Revolt network, his DeLeón tequila venture has kept his numbers up. According to Forbes, that investment, combined with one in D'Ussé cognac made the difference this year, in tandem with his stakes in Roc Nation and his Tidal streaming service. Somehow a year later Jay managed to go from a cool $810 million to his $900 million spot.

Diddy holds down the number two spot, experiencing modest growth from past year, with a fortune listed at $825 million.

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JAY-Z tops the list just months after his wife Beyoncé was named Forbes' highest-paid woman in music.

If Jay-Z continues the kind of growth he saw from last year to this year, the Brooklyn artist could become hip-hop's first billionaire.

Dr. Dre, who has also previously topped the yearly Forbes list, comes in at number three, earning $770 million a year ago.

No. 4: It's a tie between Drake and Eminem, with each said to be worth $100 million.