Forbes has just released its list of the top 20 money earners of hip hop stars in 2011.

The money earned comes from record sales, live shows and all their other business interests. The #1 this year was Shawn “Jay-Z” Carter who earned more than his wife Beyonce for the first time since they were married in 2008. He took home a very cool $37 Million in the last 12 months.

Here is the full list and their earnings:

#1 – Shawn “Jay-Z” Carter $37 Million
#2 – Sean “Diddy” Combs $35 million
#3 – Kanye West $16 million
#4 – Dwayne “Lil Wayne” Carter $15 million
#5 – Bryan “Birdman” Williams $15 million
#6 – Marshall “Eminem” Mathers $14 million
#7 – Andre “Dr. Dre” Young $14 million
#8 – Calvin “Snoop Dogg” Broadus $14 million
#9 – Aliuane “Akon” Thiam $13 million
#10 – Christopher “Ludacris” Bridges $12 million
#11 – Cameron “Wiz Khalifa” Thomaz $11 million
#12 – Aubrey “Drake” Graham $11 million
#13 – Pharrell Williams $10 million
#14 – Timothy “Timbaland” Mosley $7 million
#15 – Kasseem “Swizz Beatz” Dean $6.5 million
#16 – Onika “Nicki Minaj” Maraj $6.5 million
#17 – William “Rick Ross” Roberts $6 million
#18 – Curtis “50 Cent” Jackson $6 million
#19 – Armando “Pitbull” Perez $6 million
#20 – Faheem “T-Pain” Najm $5 million

That concludes the list of top 20 money earners in hip hop in the last 12 months.