Jay-Z is America’s richest musician

Jay-Z has officially been named America’s wealthiest musician after his net worth went up by $90 million this year.

The figure comes from Forbes’ 2018 round-up of America’s wealthiest celebrities, which was released earlier this week.

Overall, the rapper ranked fifth on the rich list, drawing with Kylie Jenner due to her cosmetics monopoly.

Both celebrities boast a net worth of $900 million.

The richest celebrity, with a staggering net worth of $5.4 billion, was filmmaker George Lucas. 

Following up in second place was Steven Spielberg, with an impressive net worth of $3.7 billion.

Oprah placed third with a net worth of $2.8 billion, followed by ex-basketball star Michael Jordan with $1.7 billion.

The next musician within the top 10 was P Diddy, who, with $825 million, rolled in at eighth.

Check out Forbes’ 2018 full list of wealthiest celebrities below:

1. George Lucas (net worth $5.4 billion)
2. Steven Spielberg ($3.7 billion)
3. Oprah Winfrey ($2.8 billion)
4. Michael Jordan ($1.7 billion)
5. Tie — Kylie Jenner ($900 million)
5. Tie — Jay-Z ($900 million)
7. David Copperfield ($875 million)
8. Diddy ($825 million)
9. Tie — Tiger Woods ($800 million)
9. Tie — James Patterson ($800 million)

The news comes after Beyoncé and Jay-Z‘s collaborative ‘On The Run II’ tour made over $253.5 million (£197m).