ALL ACHIEVEMENT, ALL EARNED RICHES, HAVE THEIR BEGINNING IN AN IDEA!

Hip Hop Cash Kings Forbes Ranks The Earners

By: Errol Mars

Forbes magazine has released it's first ever ranking of Hip Hop's top earners. Shawn Carter aka Jay Z tops the list with an estimated $34 million in 2006, earning him the top spot on Forbes' first-ever list of hip-hop Cash Kings.

Unlike traditional music genres like pop, rock and country, whose artists generally make the bulk of their money selling albums and touring, hip-hop has spawned an impressive cadre of musicians-cum-entrepreneurs who have parlayed their fame into lucrative entertainment empires.

While endorsement deals with top-shelf brands used to be the exclusive domain of pop's biggest acts--Michael Jackson and Madonna, among them--hip-hop artists now routinely land such gigs. This year Chamillionaire ($11 million) inked a deal with Energizer; The Game ($11 million) peddles Skechers sneakers. And in an irrefutable sign of just how corporate hip-hop has become: Last October Anheuser Busch named Jay-Z "co-brand director" for Budweiser Select.

Income estimates are based solely on 2006 income. In March, Jay-Z sold his Rocawear apparel label to Iconix  for $204 million. Forbes estimates he pocketed about a quarter of that, after taxes and other payable commitments. And in May, Coca Cola announced it would buy Glaceau, maker of VitaminWater, for $4.2 billion in cash. Once the deal is consummated, 50 Cent, who agreed to endorse the brand in 2004 in exchange for a small stake, should walk away with some $100 million.

Jay-Z, president and CEO of Def Jam Recordings, released his 11th studio album, "Kingdom Come," which sold around 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, who nabbed the No. 2 spot on the list, presides over G-Unit, a diverse portfolio of businesses that includes apparel, ringtones, video games and even a line of fiction. All told, "Fiddy" as he is known to fans, made an estimated $32 million last year.

Sean "Diddy" Combs, No 3 on the list, owns Bad Boy Worldwide Entertainment Group. Combs made an estimated $28 million last year but reps for Diddy insist that figure is much higher.

Timothy "Timbaland" Mosley, No. 4 with estimated earnings of $21 million, runs Mosley Music Group, the Interscope-backed label responsible for some of last year's biggest albums, including Nelly Furtado's Loose and Justin Timberlake's FutureSex/LoveSounds. In 2006, Timbaland produced or performed on seven chart-topping singles.

Rounding out the top five is Andre "Dr. Dre" Young, No. 5 with earnings of $20 million, Dre's classics (including his landmark solo debut, The Chronic) still sell briskly, some 250,000 units last year alone.

 

Tags: Curtis "50 Cent" Jackson, Damon Dash, Feature, Sean "P. Diddy" Combs, Shawn "Jay Z" Carter

Related Sponsors:

If you like this article then please consider subscribing to our RSS feed. You can also subscribe by Email and have new posts sent directly to your inbox. You can also subscribe by adding our feed to one of the following services by clicking on the appropriate buttons.

 digg.comgoogle.comYahooMyWeblive.comdel.icio.usask.comRedditstumbleupon.comTechnorati

We invite you to join our Friends Connect/OpenSocial community, you can sign in using your Google, Yahoo, AIM, or OpenID usernames and passwords.

Recent Articles

Oprah Only Black On 400 Richest American List 2011

Forbes magazine has released it's annual ranking of America's 400 richest p


Mayweather's $40 Million Fight Night

On Saturday night, Floyd Mayweather Jr. will make tens of millions of dolla


Mark Cuban On How to Get Rich

Billionaire Mark Cuban has re-post a blog he wrote almost 3 years ago in li


Sylvia Rhone Departs as Head of Universal Motown

The management shake-up at Universal Music Group continues as Sylvia Rhone,


LeBron James In Deal For Minority Ownership In Liverpool FC

LeBron James has signed a marketing deal with Fenway Sports Group, the owne


Jay-Z Launches New Lifestyle Site

Shawn Carter aka Jay-Z, continues the expansion of his empire with the laun


Black Billionaires 2011

Dr. Mike Adenuga

Forbes magazine has released it's annual ranking for 2011 of the worlds ric


Urban Hustler Sponsors
Join Our Community

You can sign in using your Google, Yahoo, AIM or OpenID usernames and passwords.

Loading...
UrbanHustler.com - From The Street To The Boardroom.

© Errim Styles Network. All right reserved.