Forbes has officially announced its list of the top 20 highest paid hip-hop acts for 2018.

The most anticipated list of every year has been released and for the first time in three years there is a new name at the top of the list, with Jay-Z taking over from Diddy who has topped the list in the last two years.

Jay Z is number one with a reported earnings of $76.5m, which was earned through his record label, Roc Nation, TIDAL, touring after the release of his album 4.44, the surprise album with his wife, Beyonce, Everything Is Love, the ongoing stadium tour "On The Run II" and much more.

Diddy closely follows Jay Z with an estimated wealth of $64m, which has come largely from his holdings in bevarage empire, Ciroc Vodka, DeLeon tequila and Aquahydrate alkaline water.

The third spot is occupied by Kendrick Lamar, who clocked the highest earnings of his career with the success of the TDE tour, with Drake coming in at No 4.

Check out the full list below:

1. Jay Z - $76.5 million

Jay Z

2. Diddy - $64 million

Diddy 1

3. Kendrick Lamar - $58 million

Kendrick Lamar Smile 2017 A Billboard A 1548

4. Drake - $47 million

Drake Elevator 1

5. J.Cole - $35.5 million

Jcole 2017

6. Dr Dre - $35 million

DrDre_glare

7. Nas - $35 million

180129 Nas_by_Mike_Lavin_@thehomelesspimp

8. Pitbull - $32 million

Pitbull At Amas

9. Future - $30 million

Future And Reebok Collab On Furykaze Sneaker

10. Kanye West - $27.5 million

Billboard

11. DJ Khaled - $27 million

Rollie

12. Migos - $24.5 million

Migos _rev1

13. Eminem - $23 million

Eminem Sway Interview 1

14. Chance the Rapper - $21.5 million

Chance

15. Travis Scott - $21 million

Landscape 1485454116 Hbz Travis Scott Index

16. Birdman - $20 million

Birdman Genius Talks BET Experience 2016 Billboard 1548

17. Lil Uzi Vert - $19.5 million

Lil Uzi

18. Lil Wayne - $19 million

Lil Wayne Rc102.3fm

19. Logic - $17 million

No 1s Logic Message To Fans Vid 2017 Billboard 1548

20. Meek Mill/ Russ/ Swizz Beatz (tie) - $15 million

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Nas makes his debut on the list at the number six spot tied with Dr Dre with an estimated wealth of $35m, which comes off the back of his investment in Amazon company, Ring, touring, streaming and a Hennessey endorsement.

While Kanye West who cancelled most of his planned concerts during the course of the year retains a spot in the top ten position due to his deal with Adidas, which runs to the tune of double-digit millions.

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