Boxden hiphop sports wild'ish games movies news eyecandy tech gear rides
trending now most viewers #top20 top yesterday all sections videos pics tracks headlines

The Forbes Five: Hip-Hop's Wealthiest Artists 2012 - Diddy is #1

most watched this minute | see more
most viewed right now
82 viewing
Video inside Arch That Back Challenge (2015 Hoes Gotta Love Em)
235 comments
most viewed right now
56 viewing
 NFL T.I. Slams Ciara After Russell Wilson Is Pictured With Her Son Future (pic)
139 comments

top in section
23 viewing
 Lil Wayne Being Sued by David Banner for $150k
top in hiphop
top in section
32 viewing
 Image inside The Beautiful Mya with a curly fro looking gorgeous
top in eyecandy

people viewing this topic:   (0 members and 1 guests)  
 
 

let em know » Share this on TwitterShare this on Facebook
 The Forbes Five: Hip-Hop's Wealthiest Artists 2012 - Diddy is #1
Unread 3 years agoclass of '05 - away - #1
1604 pageviews
12 comments


ice wolf 416 heat pts416 space
avatar space
Senior Member
space
$7,127 | POWERFUL

[pic - click to view]



The Forbes Five: Hip-Hop's Wealthiest Artists 2012

Back in 2007, Jay-Z, Diddy and 50 Cent released “I Get Money (The Forbes 1-2-3 Billionaire Remix).” The song was a celebration of the artists’ inclusion atop the first-ever Forbes Hip-Hop Cash Kings list, now an annual package on the genre’s top-earning artists. It seems fitting that those same three artists find themselves in an even more exclusive group—the Forbes Five, a short list of hip-hop’s wealthiest moguls.

Indeed, the original trio boasts a combined net worth well over a billion dollars, rendering their lyrical prognostications accurate. They’re joined by Dr. Dre, flush with cash from his Beats headphone line, and Cash Money Records cofounder Bryan “Birdman” Williams.

“One of my motivations in life is to be a billionaire,” said Birdman in a telephone interview with FORBES. “We’re going to keep working hard until we get our brand to be as big as possible. That’s the goal in life, that’s what I live for.”

Diddy is the closest to becoming a billionaire, leading the pack with a net worth of $550 million. The Bad Boy Records founder has remained a mainstream mainstay for 15 years thanks to his knack for self-promotion. Lately, he’s been channeling that energy toward Diageo-backed Ciroc vodka, much to the benefit of his bank account: he receives double-digit millions annually as a share of profits. Sales of the spirit spiked 122% last year in the wake of strong demand for new flavor Ciroc Peach; he is entitled to a nine-figure chunk of cash if the brand is ever sold.

Diddy also boasts stakes in clothing lines Sean John and Enyce, marketing firm Blue Flame, record label Bad Boy and a handful of tech startups. But it’s his deal with Comcast to launch cable channel Revolt in 2013 that could push him into billionaire territory. He’ll own the channel outright, and based on projected viewership totals, its value could soar into the low-to-mid nine figures within the next few years.


[pic - click to view]



Next up is Jay-Z at $460 million. Unlike his fellow Forbes Five members, Jay-Z still churns out music and goes on tour—most recently with pal Kanye West—adding to his considerable war chest. He sold his Rocawear clothing label for $204 million in 2007 and signed 10-year $150 million deal with Live Nation in 2008, and also holds stakes in the New Jersey Nets, his 40/40 Club chain, ad firm Translation, cosmetics company Carol’s Daughter and other businesses. (For more on his rise as a businessman, check out Zack’s Jay-Z biography, “Who’s going to be hip-hop’s first billionaire is still to be determined,” says Steve Stoute, the advertising guru who founded and co-owns Translation with Jay-Z. “But clearly Jay and Puffy are far and away positioned to surpass that.”


[pic - click to view]



Dr. Dre ranks third with $270 million, doubling from a year ago thanks to a major sale. In August, handset maker HTC paid $300 million to buy a 51% stake in Beats Electronics, the company founded by Dr. Dre and Interscope chief Jimmy Iovine in 2008.

Sources say each owned a third of the company before the deal, placing Dre’s cut at $85 million after taxes. The agreement also values Dre’s remaining stake at $100 million, which could increase rapidly as the company continues to expand.


[pic - click to view]



Birdman clocks in at No. 4 with a fortune of $125 million. He cofounded Cash Money Records with brother Ronald “Slim” Williams two decades ago, inking very favorable $30 million distribution deal with Universal in 1998. The label’s value is increasing with the success of rappers Drake, Nicki Minaj and Lil Wayne (who shares ownership of sub-label Young Money).

There’s even more on the horizon: Cash Money’s deal with Universal is up this summer, raising the prospect of a bidding war for the right to distribute the label’s releases.

“Right now we are with Universal and we’re just trying to do the best music possible,” Birdman told me. “I’m loyal to my team, and to success. Whoever gives the most benefit to my team, which is first, and to its success, that’s where we’ll end up at.”


[pic - click to view]



Rounding out the Forbes Five is Curtis “50 Cent” Jackson at $110 million. The Queens-born rapper earned $100 million on the sale of his Vitaminwater stake in 2007—and tens of millions more from touring, record sales and clothing—but spent freely on cars and renovations to his mansion, formerly owned by Mike Tyson. Even so, a nice cushion remains from his back catalog, acting gigs and 50 Cent-themed videogames, shoes and books, as well as his new headphone line SMS. Next up: an energy shot called Street King, which promises to feed hungry children—and 50’s bank account.

Still, there’s no guarantee that hip-hop’s first billionaire will come from this group of five.

“As much as it’s easy to say it’ll be Diddy or Jay, you don’t necessarily know, given what a guy like Kanye or Will.i.am is capable of doing,” says Stoute. “In a world where people are creating applications that sell for a billion dollars, you never know who’s going to come out of left field.”

The Forbes Five: Hip-Hop's Wealthiest Artists 2012 - Forbes

Last edited by ice wolf; 04-17-2012 at 03:13 PM..
Reply With Quote

12 comments for "The Forbes Five: Hip-Hop's Wealthiest Artists 2012 - Diddy is #1"

- To post a comment, join the squad -


Unread 3 years agoclass of '12 - away - #2
44wade 227 heat pts227 space
avatar space
Senior Member
space
$13,042 | POWERFUL
Still be on top
Reply With Quote
Unread 3 years agoclass of '04 - away - #3
subway series 47 heat pts47 space
avatar space
home run king
space
$2,354 | POWERFUL
bullsh*t list nowhere near real jay gotta be top

50 aint spend money freely like puff/birdman

wheres em on the list????
Reply With Quote
Unread 3 years agoclass of '05 - away - #4
ice wolf 416 heat pts416 space
avatar space
Senior Member
space
$7,127 | POWERFUL
Wasn't 50 worth 350 mil a couple years ago? So what ... he spent 140 mil?

Some of these numbers are pulled out of thin air. It's hard to place a real value on land, music, intellectual property and so on ....
Reply With Quote
Unread 3 years agoclass of '05 - away - #5
ice wolf 416 heat pts416 space
avatar space
Senior Member
space
$7,127 | POWERFUL
subway series said:
bullsh*t list nowhere near real jay gotta be top

50 aint spend money freely like puff/birdman

wheres em on the list????
It's Forbes, it's not bullsh!t. It's probably the closest info you'll get on Hip-Hop's top earners. Still not entirely accurate either.
Reply With Quote
Unread 3 years agoclass of '11 - away - #6
Kingpin 313 87 heat pts87 space
avatar space
Patriotssss
space
$15,931 | POWERFUL
50 hasn't done sh*t since vitamin water of course he losing money




Birdman will probably be worth 200-300 mill after they sign there new deal
Reply With Quote
Unread 3 years agoclass of '04 - away - #7
subway series 47 heat pts47 space
avatar space
home run king
space
$2,354 | POWERFUL
ice wolf said:
It's Forbes, it's not bullsh!t. It's probably the closest info you'll get on Hip-Hop's top earners. Still not entirely accurate either.
still bullsh*t list

forbes or not ...... just a.ssumptions
Reply With Quote
Unread 3 years agoclass of '11 - away - #8
Jaymalls 58 heat pts58 space
avatar space
Senior Member
space
$3,705 | POWERFUL
ice wolf said:
Wasn't 50 worth 350 mil a couple years ago? So what ... he spent 140 mil?

Some of these numbers are pulled out of thin air. It's hard to place a real value on land, music, intellectual property and so on ....
It's because most of 50 Cent's money was in stocks. When the market slumped, so did his portfolio. Y'all dumb n*ggas need to smarten up and get off boxden once in a while... Get some stamps in yall passport... Start a portfolio... Hell, just go to a meusam or art gallery once in a blue! Switch it up!

P.S. shout out to Diddy.. One of the first Hip-Hop moguls, flying in private jets and taking trips to St. Bart's on a yatch n sh*t!
Reply With Quote
Unread 3 years agoclass of '11 - away - #9
Jaymalls 58 heat pts58 space
avatar space
Senior Member
space
$3,705 | POWERFUL
Ohh yea... Baby still mad at the fact he got baby money compared to Jay-Z! That 1bar cut them YMCMB n*ggas deep because it's true. I bet he gonna make a grip they et a new contract... Somewhere near 200mil to spilt up between a gang of n*ggas!
Reply With Quote
Unread 3 years agoclass of '11 - away - #10
Tybigbigguy 111 heat pts111 space
avatar space
Tybigbigguy
space
$1,954 | POWERFUL
Jaymalls said:
It's because most of 50 Cent's money was in stocks. When the market slumped, so did his portfolio. Y'all dumb n*ggas need to smarten up and get off boxden once in a while... Get some stamps in yall passport... Start a portfolio... Hell, just go to a meusam or art gallery once in a blue! Switch it up!

P.S. shout out to Diddy.. One of the first Hip-Hop moguls, flying in private jets and taking trips to St. Bart's on a yatch n sh*t!
Didn't he sell his stocks tho
Reply With Quote
Unread 3 years agoclass of '11 - away - #11
Tybigbigguy 111 heat pts111 space
avatar space
Tybigbigguy
space
$1,954 | POWERFUL
Diddy is doing it big now all he needs to do is quit rapping
Reply With Quote
Unread 3 years agoclass of '11 - away - #12
Jaymalls 58 heat pts58 space
avatar space
Senior Member
space
$3,705 | POWERFUL
Tybigbigguy said:
Didn't he sell his stocks tho
Some, Yes! Doesn't mean they didn't depreciate in value prior to him selling them. 50 is really banking on his recent film deal to bring him back into the top 3.
Reply With Quote
 

Home > all sections > The Hip-Hop Spot
  
    
          join bx


 




that hot ish yesterday


most viewed right now
16 viewing
Image inside PHILLY has some savages...
21 comments
@wild'ish
most viewed right now
11 viewing
NBA When Ball is Life… but you TRASH.
49 comments
@sports
most viewed right now
9 viewing
MMA Brazilian Guy hits on Ronda Rousey and asks if she's ever been with a Blac..
161 comments
@sports
most viewed right now
9 viewing
Video inside What if yo girl did this?
189 comments
@wild'ish
most viewed right now
7 viewing
Video inside Chic Raw (Philly rapper) - Back To Back Freestyle (Drake Diss, Addresse..
119 comments
@hiphop
most viewed right now
5 viewing
Video inside Drake runs Philly, just left yesterday says Ar Ab OBH crew
315 comments
@hiphop
most viewed right now
5 viewing
Image inside Godfather 50 fires shots at Ja Rule for what he said on Power 105
189 comments
@hiphop
most viewed right now
4 viewing
Image inside Meek Mill Responds to Drakes Back to Back Performance
244 comments
@hiphop
most viewed right now
4 viewing
Video inside 10 brutal facts about Genghis Khan
122 comments
@wild'ish

^
contact us   |   bx@twitter   |   bx@facebook   |   privacy   |   search   |  © BX 1998-end of time