Kanye West may be outselling 50 Cent’s album, but Curtis “50 Cent” Jackson is fast becoming the new reigning hip-hop mogul. At 32 years of age, and $32 million in 2006 earnings, Jackson made No. 2 on Forbes’ Hip Hop Cash Kings list, far ahead of West.

On 50 Cent’s MySpace page you’ll find the release of “Forbes 1, 2, 3,” a remix featuring Jay-Z, who topped the list with earnings of $34 million last year, and Sean “Diddy” Combs, who came in third with $28 million. Each kicks off his stanza by bragging, “I run New York.”

Talk about a celebration and collaboration of hip-hop’s elite!

Here’s a rundown of the Hip-Hop Cash Kings:

1. Jay-Z – $34 million
2. 50 Cent – $32 million
3. Diddy – $28 million
4. Timbaland – $21 million
5. Dr. Dre – $20 million
6. Eminem – $18 million
7. Snoop Dogg – $17 million
8. Kanye West – $17 million
9. Pharrell Williams – $17 million
10. Scott Storch – $17 million
11. Ludacris – $16 million
12. T.I. – $16 million
13. OutKast – $14 million
14. Lil Jon – $14 million
15. Ice Cube – $13 million
16. Jermaine Dupri – $12 million
17. Swizz Beatz – $12 million
18. Chamillionaire – $11 million
19. The Game – $11 million
20. Yung Joc – $10 million