Forbes Five: Hip-Hop's Wealthiest Artists For 2012
Wednesday, April 18, 2012Omoba
These fellas are well on their way to reaching that elusive
billion dollar circle.Check this rich people ish:
Sean "Diddy" Combs is the king of the
list...having an estimated net worth of $550 million. Now Kim Porter & Cassie's
inability to leave him alone makes a least a little more
sense.
The Bad Boy head honcho is ca-chinging all over the place with his
partnership with Ciroc Vodka. He gets a double digit salary annually to
be the face of the liquor and to push t to the masses. In addition to
several shares of the company. Not to mention he's entitled to a nine
figure sum of money if the Diageo company ever sold Ciroc.
He's got stakes in the Sean
John & Enyce clothing
companies, his marketing firm Blue Flame, a few tech startups and his own Bad
Boy label. And since he will actually have ownership of his new Revolt tv
channel (not just stakes) in 2013, it could possibly push him into the
billionaire category in the next few years.
Shawn
"Jay-Z" Carter has
a reported networth of $460 mill. His stakes: 40/40 Clubs, the ad firm
Translation, NJ Nets, Carol's Daughter & more. His $150 mill 10-year
deal with Live Nation (signed in 2007) and $204 mill deal selling his Rocawear
label (2004) are part of his net worth, as well as his major tour money.
Dr. Dre is #3 with a $260 mill net worth. The price on
his lifestyle doubled due to the $300 mill sale of his BEATS headphones to HTC.
Birdman takes the $4 spot with $125 mill. Mainly thanks to his $30 mill deal he twerked with Universal Records for them to house his Cash Money Records label he and brother Slim founded decades ago. And the new crop of YMCMB folks like Nicki Minaj & Drake, in addition to the original head honcho Lil Wayne, who up the value of the company. By the way, Universal's deal with Cash Money is up this year--so a high priced bidding war amongst the record labels may ensue.
And capping off the 5th spot is 50 Cent. He's got a $110 mill net worth....with $100
mill stemming from that HUGE Vitaminwater deal where the company and his stakes
were sold to the Coca-Cola company. He's made some millies from touring and
sales from his clothing company, but has also spent a lot on cars, trips, and
living that life. But he's still sitting on the nest egg of his back
catalog, acting gigs and 50 Cent-themed videogames, shoes and books, as well as
his new headphone line SMS.
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