Dr Dre Named Highest Paid Music Celebrity In Forbes Rich List
Friday, September 07, 2012Omoba
Dr.
Dre
has been named the highest paid music celebrity in the latest Forbes rich list
with a fortune of $110 million (£69.5 million) beating the likes of Diddy,
Jay-Z, Kanye West and Lil Wayne, who rounded out the top five.
As it turns out Dr.
Dre has earned his many millions from his line of headphones, Beats By Dre.
Forbes notes,“In August handset
maker HTC paid $300 million for a 51% stake in Beats by Dr. Dre, the headphone
company he co-founded with Interscope chief Jimmy Iovine in 2006. Each owned
about a third of the company, pocketing about $100 million apiece, before
taxes, from last summer’s deal.”
Like Dre, Diddy's
annual payday had little to do with album sales or touring revenue. Most of his
$45 million came from Diageo's Cîroc vodka, according to the Forbes report.
More than half of Jay-Z's
$38 million came from his pieces of the Brooklyn Mets, cosmetics
company Carol's Daughter and other ventures. Jay helped Kanye make a bunch of
his $35 million of course, thanks to the Watch the Throne album and
tour.
Tha Carter IV was a smash, but Wayne's cash from Trukfit (his
clothing line) and his sponsorship deal with Mountain Dew certainly didn't
hurt, either. Weezy pulled in a reported $27 million.
Young Money Entertainment and Cash Money Records stayed true to their names by landing a few more artists on the Forbes list, as well. Drake's $20.5 million
was enough to put him in #6, with Cash Money co-founder Bryan
"Birdman" Williams just behind at #7 with $20 million. The crew's own
Nicki Minaj, the first ever female on MTV's Annual Hottest MC's list, was #8
with $15.5 million. For those keeping score, that's four slots in a row
dominated by Young Money.
Eminem doesn't have any headphones, vodka or soda pop deals to deal with, but he still managed to make $15 million this year from his back catalog and shows. Last year, Marshall won a lawsuit against Universal Music Group involving royalties from digital sales of his music. As MTV's Rap Fix noted in a story, "Forbes magazine might have to make some room for Eminem," and indeed they did. Slim Shady was #9 on the Forbes list
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