Jay-Z was named hip-hop's highest earner earlier this year |
Only the Beatles are ahead of Jay-Z and Presley with 19 number ones, according to Billboard magazine.
American Gangster sold 425,000 copies last week, according to chart compilers Nielsen SoundScan.
Jay-Z, whose real name is Shawn Carter, first topped the charts in 1998 with Vol 2... Hard Knock Life.
His previous release, Kingdom Come, sold 680,000 copies in its opening week in November 2006.
Since 1998, all eight of Jay-Z's solo studio albums have hit number one, in addition to his collaborations with Linkin Park (Collision Course) and R Kelly (Unfinished Business).
The Eagles' Long Road Out of Eden slipped to number two in the chart in its second week with 359,000 albums sold.
Garth Brooks' The Ultimate Hits debuted at three with sales of 352,000 units, while teenage R&B heartthrob Chris Brown started at four with his second album Exclusive, which sold 294,000 copies.
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