5) Jay-Z (Net Worth: $550 Million)

Jay-Z is not only a talented rapper, but also a successful businessman and record producer. His wealth increased after he sold clothing line Rocawear for $204 million in 2007 and signed $150 million collaboration with Live Nation in 2008 through his Roc Nation entertainment company. He co-founded record label Roc-A-Fella Records and is also a minority owner of Brooklyn Nets. After a break from rapping in 2003, Jay-Z turned to the business side of music, becoming president of Def Jam Recordings. As president of Def Jam, Jay-Z signed hitmakers like Rihanna, Ne-Yo and Young