Forbes has unveiled the annual list of Hip-Hop’s top 20 earners and as usual, Jay-Z has landed at #1. The rap icon has outperformed all other contenders including Diddy, Eminem and even Kanye West.

Jay-Z earned over $37 million in the last 12 months, ranking him as Hip-Hop’s top hustler for the 4th time in 5 years thanks to his widely successful ‘Blueprint 3 Tour’. Following closely at #2 is Diddy who made $35 million and Jay-Z’s ‘Watch The Throne’ collaborator at #3 with $16 million.

Interestingly, Nicki Minaj was the only woman to make the list, placing at #15 with earnings of $6.5 million. However, there is no sign of Lil Kim.

Look below for the list of Hip-Hop’s top 20 earners:

1. Jay-Z – $37 M

2. Diddy – $35 M

3. Kanye West – $16 M

4. Lil Wayne/Birdman – $15 M

6. Eminem/Dr. Dre/Snoop Dogg – $14 M

9. Akon – $13 M

10. Ludacris – $12 M

11. Wiz Khalifa/Drake – $11 M

13. Pharrell – $10 M

14. Timbaland – $7 M

15. Swizz Beatz/Nicki Minaj – $6.5 M

17. Rick Ross/50 Cent/Pitbull - $6 M

20. T-Pain/B.o.B – $5 M

Thoughts?