Thursday, March 8, 2012
Monday, April 4, 2011
Thursday, March 10, 2011
Finance : The Forbes Five: Hip-Hop’s Wealthiest Artists
Shawn “Jay-Z” Carter has had quite a career thus far. Since debuting in 1996 with hip-hop classic Reasonable Doubt, he has sold over 50 million records worldwide. He’s parlayed his musical success into lucrative businesses in the realms of fashion, cuisine and advertising (for more, check out my new Jay-Z book, which hits stores next week). Last year he earned $63 million, tops among hip-hop artists for the third time in four years.
But when it comes to net worth, Jay-Z is number two. The top spot goes to Sean “Diddy” Combs, who tops our accounting of rap’s richest with a fortune of $475 million, fueled by his interests in Sean John clothing, Bad Boy Worldwide record label and, most significantly, his Diageo joint-venture vodka brand Ciroc. Jay-Z ranks a close second, with $450 million.
In Pictures: Hip-Hop’s Wealthiest Artists
Superproducer/rapper Dr. Dre ranks third with $125 million, fueled by past earnings generated from his own career and by helping to launch those of Snoop Dogg and Eminem. Curtis “50 Cent” Jackson, a onetime Dr. Dre protege who reaped a nine-figure payday from the sale of Vitamin Water to Coca-Cola, rounds out the top five in a tie with Cash Money Records cofounder Bryan “Birdman” Williams at $100 million.
Methodology
In order to form the list, we followed the same procedures we use to calculate the list of the world’s billionaires (released today) — valuing current holdings, looking at past earnings, leafing through financial documents and talking to a bevy of analysts, attorneys, managers and other industry players to find the nitty-gritty details. We considered only performers, which is why hip-hop mogul Russell Simmons isn’t on this list.
Though other hip-hop artists including Lil Wayne, Pharrell Williams, Rick Ross and others — not to mention pop sensation Bruno Mars, who penned Travie McCoy’s hit song “Billionaire” — frequently speak of ten-figure desires, we kept our list to five because of the lack of information available on the fortunes under $100 million.
Tuesday, February 15, 2011
Saturday, February 12, 2011
Tuesday, December 21, 2010
Houses of Hip-Hop Powerhouses: Kanye, Diddy, Pharrell, More!
Photo: Todd Selby
Yesterday, photographer extraordinaire Todd Selby presented a full photogallery of hiphop musician/producer Pharrell Williams's $14M penthouse in Miami, Fla. Filled with cartoonish sculptures, graphic art, and Louis Vuitton paraphernalia, the space befits someone who's completely obsessed with modern design—and who even creates some of it himself. Selby's work prompted us to go back and explore the real estate wheelings and dealings of some of Pharrell's hip-hop cohorts: what they've bought, what they've sold, and where they live.
Sean "Diddy" Combs enlisted the knowhow of celebrity designer Benjamin Noriega-Ortiz to dress his newest NYC digs (above) with modern furnishings in a silvery, neutral palette. Perhaps the soothing interiors calm the chaos left over from Combs's storied and rather tenous series of past real estate-related transactions in the Big Apple.
While Kanye West has expressed a deep love of baroque furnishings and decor on his Twitter feed, the Hollywood apartment he recently listed for close to $4M tells the story of a different aesthetic altogether (above). Like, say, Jetsons art and computer-controlled everything. Oh, and a painting of West depicted as an angel on the dining room ceiling.
Now that Li'L Wayne has been released from Riker's Island, he can finally make use of the $14M modern (above) he's renting on La Gorce, a private island off Miami. Quite an upgrade from being behind bars.
While he's never actually lived in the modest digs, unofficial Chicago spokesperson Common is renting out his two-bedroom investment apartment for a reasonable $2,500 a month (above). He purchased the unit for $402K a couple of years ago; it's his second purchase in the building. Now there's a reason to get chummy with the landlord.
Wednesday, November 10, 2010
Craig Mills - More Than a DJ...Wake Up In The Morning...Take A Money Shower
This Friday November 12, 2010
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Wednesday, October 27, 2010
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Thursday, September 30, 2010
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