The Bound 2 rapper – who will marry reality star Kim Kardashian this summer – will take centre stage in London on Friday July 4 with support from Grammy winner Pharrell Williams, Basement Jaxx and Australian rapper Iggy Azalea.
Rihanna's bosom buddy Drake will headline Saturday July 5, while a newly reunited OutKast will be the big draw on the closing night despite the headline slot going to Grammy winner Bruno Mars for his first UK festival headline performance on Sunday July 6.
The festival which previously enjoyed several successful years in Hyde Park will this year span two sites V Festival style.
And festival goers can enjoy the weekend for the very first time at London’s Finsbury Park and Birmingham’s Perry Park.
Promoter Steve Homer said: 'Wireless Festival celebrates its 10th year this year and we couldn’t be more thrilled to mark this momentous anniversary by taking it to a second site, Perry Park in Birmingham, and a brand new site in London, Finsbury Park.
'We are delighted to be welcoming back Drake and Kanye West as headliners and thrilled to secure Bruno Mars for his first UK Festival headline performance.
'They are perfect for Wireless Festival, securing these three artists plus many more world class acts continues to cement our reputation as a world class leader on the festival circuit.'
Ellie Goulding, Salt N Pepa, Rudimental, Ella Eyre are also on the bill with many more acts to be announced soon.
Meanwhile OutKast have been named as the first headliners of Bestival 2014.
The hip-hop duo, made up of Andre 3000 and Big Boi, have reunited and will be one of four acts topping the bill at the event on the Isle of Wight from September 4 to 7.
Bestival organiser Rob da Bank said: 'I'm pretty darn excited to announce that OutKast are headlining Bestival this year!
'We've fought hard to get the recently reunited legendary hip-hop duo onto the ferry ... and it's no ordinary ferry this year as Bestival goes Desert Island Disco for 2014. Palm trees, grass skirts and mirrorballs are the order of the day. It truly is gonna be the Bestival yet!'
OutKast are also playing Coachella Valley Music and Arts Festival in California, alongside Arcade Fire and Music, in April, after reuniting for the first time since 2007.
They plan to perform at 40 live shows, including Florida's Big Guava Festival and Hangout in Alabama in May and New York's Governors Ball in June.
Tickets for this year's Bestival are available from Bestival.net.
Tickets for Wireless Festival go on sale this Friday at 9am and are priced at £65 plus booking fee, available at www.wirelessfestival.co.uk
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