Forbes, today Wednesday 16th April 2014, unveiled its list of the Five Wealthiest Hip-Hop Artists for 2014.
Can you guess the richest? Some of you may say jayz,dr dre but its definately Puff Daddy or P Diddy, but now he goes by the name Diddy, Sean “Diddy” Combs.
Diddy raked in a whopping $700 Million, a $120 million increase from last year. Dr. Dre comes in second, Jay Z third, Birdman fourth and 50 Cent wraps up the LIST.
Heres the better list:
List/Net Worth/Major Source
Sean “Diddy” Combs | $700 Million | Revolt TV/Diageo’s Ciroc
Andre “Dr. Dre” Young” | $550 Million | Beats by Dr. Dre Headphones
Shawn “Jay Z” Carter | $ 520 Million | Rocawear Sale/Live Nation/Roc Nation
Bryan “Birdman” Williams | Cash Money/YMCMB/GT Vodka
Curtis “50 Cent” Jackson | $140 Million | Vitamin Water/SMS Audio/SK Energy
Sean “Diddy” Combs | $700 Million | Revolt TV/Diageo’s Ciroc
Andre “Dr. Dre” Young” | $550 Million | Beats by Dr. Dre Headphones
Shawn “Jay Z” Carter | $ 520 Million | Rocawear Sale/Live Nation/Roc Nation
Bryan “Birdman” Williams | Cash Money/YMCMB/GT Vodka
Curtis “50 Cent” Jackson | $140 Million | Vitamin Water/SMS Audio/SK Energy
Sean “Diddy” Combs
Diddy leads the pack with an estimated fortune of $700 million, an
increase of $120 million over his net worth last year. The change comes
largely from the addition of Revolt TV—the new, music-focused,
multi-platform channel of which he’s the majority owner—to his
already-hefty portfolio.“Right now my focus is Revolt and making it the number one, most-trusted, most credible worldwide brand for music,” he told FORBES in a recent interview. “And to get Revolt to be the quintessential definition of real time. I think that’s the future.”
Andre “Dr. Dre” Young
Diddy has plenty of competition in the race to $1 billion. His top challengers are Dr. Dre, who ranks second with $550 million mostly due to a large stake in Beats By Dr. Dre, which he cofounded with Interscope chief Jimmy Iovine in 2008.
The company controls an astounding two-thirds of the premium headphone market, with annual sales reportedly in excess of $1 billion and growing. Private equity firm Carlyle invested $500 million for a minority stake last year, pushing Beats’ value past $1 billion and likely closer to $2 billion.
“Beats has a unique brand—it speaks to a nice young demographic, which is really interesting to marketers,” says Peter Csathy, former president of Musicmatch, an early digital music purveyor acquired by Yahoo in 2004 for $160 million. “When I think about Beats, I think about it as a lifestyle, I think of it as a media company, not just a hardware and music-focused company.”
Shawn “Jay Z” Carter
Jay Z’s fortune continues to grow at a healthy clip, too. He’s made
multiple nine-figure deals in the past, including his $204 million
Rocawear sale in 2007 and his $150 million pact with Live Nation in
2008. But much of his recent growth comes from Roc Nation, his record
label and management firm that recently added a sports agency. The
outfit gets a single-digit cut of pacts like Robinson Cano’s $240
million monster agreement.
Bryan “Birdman” Williams
Bryan “Birdman” Williams, whose net worth would be over $300 million if
he didn’t share his fortune with brother Ronald “Slim” Williams. The duo
cofounded Cash Money Records two decades ago; Cash Money continues to
grow with a roster that includes Drake, Nicki Minaj and Lil Wayne. Birdman has also diversified with Cash Money Content, GT Vodka and the YMCMB clothing line.
Curtis “50 Cent” Jackson
50 Cent, who owes most of his fortune to his $100 million haul from the
sale of Vitaminwater in 2007. Now he’s trying to repeat the feat with
companies like SMS
Audio and SK Energy beverages. In the meantime, he’ll reboot his music
career by taking his G-Unit Records independent and releasing new album Animal Ambition in June.
source: FORBES
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