Forbes releases list of 20 highest paid rappers in 2019 (List)

US rapper, Kanye West has been named the highest-paid hip-hop act of 2019 in a list compiled by global entrepreneurship magazine, Forbes.

The 42-year-old mogul earned a pre-tax income of $150 million in the year under review, the majority of which comes from his Yeezy empire, a partnership venture with a popular footwear giant.

For the first time, Kanye West out-earned his close ally, Shawn Carter, also known as Jay-Z, who ranks second on this year's list with $81 million.

Drake, who amassed a fortune with his chart-topping album 'Scorpion', rounds out the top three with $75 million, while Diddy takes the number four spot ($70 million), following his deal with Diageo's Ciroc vodka.

The ladies are also holding it down. Nicki Minaj places number 12 with $29 million, while Cardi B is on her heels at number 13 with $28 million.

The top 20 acts in hip-hop earned a combined $860 million, up 33 per cent from $648 million last year.

Forbes' Highest-Paid Hip-Hop Acts of 2019

1. Kanye West - $150 million
2. Jay-Z - $81 million
3. Drake - $75 million
4. Diddy - $70 million
5. Travis Scott - $58 million
6. Eminem - $50 million
7. DJ Khaled - $40 million
8. Kendrick Lamar - $38.5 million
9. Migos - $36 million
10. Childish Gambino - $35 million
11. J. Cole - $31 million
12. Nicki Minaj - $29 million
13. Cardi B - $28 million
14. Swizz Beatz - $23 million
15. Meek Mill - $21 million
16. Birdman - $20 million
17. Future - $19.5 million
18. Nas - $19 million
19. Wiz Khalifa - $18.5 million
20. Pitbull - $18 million