The Get Rich Or Die Tryin' rapper filed for bankruptcy last year after a New York City jury ordered him to pay $7 million (£4.9m) to a woman who said he posted her sex tape online.
That means Drake claims fifth place on the list with a net worth of $60 million thanks to deals with Nike, Apple and Sprite as well as his touring and music.
"That's pretty much my objective every year," Drake previously said of having his financial achievements acknowledged by Forbes. "Other than making good music."
Drizzy still has some way to go if he wants to meet his objective of making $250 million by the time he's 30 (that's less than a year away!).
P Diddy tops the list yet again with a fortune of $750 million stemming mainly from his deal with Ciroc vodka.
Dr Dre follows closely with $710 million, boosted by last year's Straight Outta Compton biopic and the sale of Beats By Dr Dre two years ago.
Jay Z is third with a net worth of $610 million after TIDAL's explosion into three times its $56 million purchase price.
Finally, Cash Money co-founder Birdman is fourth with $110 million.