Drake Ranked 4th HighestPaid HipHop Artist

    LAS VEGAS, NV - SEPTEMBER 23:  Rapper Drake performs onstage at the 2016 iHeartRadio Music Festival at T-Mobile Arena on September 23, 2016 in Las Vegas, Nevada.  (Photo by Christopher Polk/Getty Images for iHeartMedia)
    LAS VEGAS, NV - SEPTEMBER 23: Rapper Drake performs onstage at the 2016 iHeartRadio Music Festival at T-Mobile Arena on September 23, 2016 in Las Vegas, Nevada. (Photo by Christopher Polk/Getty Images for iHeartMedia)

    Drake ranks No. 4 on a list of the highest-paid hip-hop acts of the year, with an estimated $47 million (all figures U.S.) in earnings.

    The Canadian rapper is down two spots from last year’s list, which Forbesblames on less touring. (Revenues from his album Scorpion and the Aubrey & the Three Migos tour will be included in next year's rankings.)

    Forbes analyzed data from a variety of sources to estimate the pre-tax gross income from touring, record sales, streaming, publishing, merchandise sales, endorsements and other business ventures between June 2017 and June 2018.

    At the top of the list is Jay-Z, who raked in $76.5 million. Trailing him are Diddy ($64 million) and Kendrick Lamar ($58 million).

    Other rappers in the Top 20 include Kanye West ($27.5 million), Eminem ($23 million), Chance the Rapper ($21.5 million), and Logic ($17 million).

    Pitbull ranks No. 8 with a surprising $32 million and rap group Migos is No. 12 with $24.5 million.

    And another one!... DJ Khaled is estimated to have made $27 million, placing him at No. 11 ahead of artists like Travis Scott ($21 million) and Lil Wayne ($19 million).