The Forbes Five: Hip-Hops Wealthiest Artists.If Apple goes ahead with purchase of Beats by Dre , Dre would be the richest rapper this would push his net worth to $800 million falling short of billionaire status .At the moment Sean Combs Diddy is the richest . Sean Combs Diddy $700 million , Dre $550 million , Jay z $520 million , Bryan “Birdman” Williams$300 million, 50 cents $150 million Sean “Diddy” Combs’ reign as hip-hops wealthiest mogul continues.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.,Dr. Dre, who ranks second with $550 million.Dre co owner of Beats by Dre 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.The company has been sold to Apple which would bring his wealth to $800 million Dre Jay Z, in third place with an estimated $520 million,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.Next up: 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.Rounding out the list is 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.
Posted on: Wed, 14 May 2014 01:42:23 +0000
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