Forbes: No hard-knock life for Jay-Z

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Jay-Z

, aka Shawn Carter, is No. 1 on Forbes.com's list of "Hip-Hop Cash Kings," based solely on 2006 income - an estimated $34 million.

Jay-Z, president and CEO of Def Jam Recordings, released his 11th studio album, "Kingdom Come," which sold about 2 million copies. Jay-Z, 37, is also part owner of the New Jersey Nets and has endorsement deals with Budweiser, Hewlett-Packard and General Motors.

Curtis "50 Cent" Jackson ranks second with an estimated $32 million.

Diddy (real name: Sean Combs) placed third with an estimated $28 million.

Rounding out the top five are Timbaland ($21 million) and Dr. Dre ($20 million).

_ LOHANS ALONE, AT LAST: Lindsay Lohan's estranged parents, Dina and Michael, settled their long-simmering divorce and custody dispute yesterday. Terms of the divorce agreement, which will become official within 60 days, weren't disclosed.

The Lohans were close to an agreement on a divorce settlement in 2005, but that deal collapsed while Michael was serving a prison term for drunken driving, brawling and other charges.

_ DON'T GET THIS GUY MAD: Former megastar Steven Seagal wants an apology from federal investigators he says wrongly implicated him in a plot to scare a journalist who was working on a story about the actor's possible ties to organized crime.

The 56-year-old action star blames his slumping career on the negative publicity he says resulted from the FBI affidavit that accused him of hiring former private eye Anthony Pellicano to threaten a freelance reporter for the Los Angeles Times.

Seagal, one of the biggest action stars of the 1990s with films generating more than $1 billion in ticket and DVD sales, was never charged but the FBI has not issued any statement clearing him of wrongdoing. FBI spokeswoman Laura Eimiller said yesterday that the agency does not comment on pending investigations.

_ FAVES CASH IN: Two young performers who were named America's favorites had something to smile about - and bring to the bank - yesterday.

Sabra Johnson was named "America's Favorite Dancer" and won the $250,000 first prize on Fox's hit talent show "So You Think You Can Dance." More than 16 million viewer votes were cast.

"I can't take the smile off my face, and it's hurting so bad," the 20-year-old from Roy, Utah, told the Associated Press.

Meanwhile, Jordin Sparks has signed the record contract that comes with winning "American Idol."

The bubbly 17-year-old inked a deal with Jive Records in conjunction with 19Recordings, the label managed by "Idol" creator Simon Fuller, it was announced yesterday.

Her debut album is slated for release in November. She'll offer a taste of the disc with her new single, "Tattoo," to be released to radio stations Aug. 27.

_ L.A.'S PARIS RUNWAY: Police and city workers were called in to handle the crowd and a lane of traffic was closed as Paris Hilton unveiled her clothing line yesterday at a trendy boutique.

"It's a dream come true to have my own clothing line," Hilton, 26, said. "It's just

Paris style: fun, bright and flashy." *

- Daily News wire services