Hip Hop titans Jay -z and Diddy are in a 2 horse race for the title of Hip Hop’s wealthiest with their nearest competitor one Dr Dre sitting over $300 Million behind the pair, as Forbes released their results .
Although to some $25 Million would be a massive fortune, to Jay-z it is the minor sum of which causes him the irritation of sitting in second place to Diddy, with the pair storming the Forbes Hip Hop Wealthiest Artists list with Diddy reportedly sitting on a fortune of around $475 Million and Jay-z sitting hot on his heels with $450 Million, with veteran Dr Dre tailing behind with an estimated fortune of around $125 Million.
Diddys’ fortune has been mainly accredited to his successful clothing line and Bad Boy Worldwide record label although his biggest profit is said to come from his Ciroc Vodka deal.
Jays’ wealth has been mainly attributed to his Roc Nation label, fashion ventures and advertising.
It is reported that just 2 years ago Forbes determined Jay-Z’s overall wealth at around $160 Million. A reported statement of how Forbes determine their results reads - ”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”.
Dre might have only managed to sly his way into third spot with a mere $125 million but we think it’s hard to put a price tag on a legend of this magnitude as he has done more for the expansion of modern Hip Hop than most anyone else on the planet. The discovery of Eminem and his resolve in the decision to expose him alone speak volumes.
The top five is finished of with a joint positioning of rapper and entrepreneur 50 cent and Cash Money Co-Founder Birdman with a $100 million fortune.
If you’d like to check out the full list and see exactly how it was put together then check out the link below:
http://blogs.forbes.com/zackomalleygreenburg/2011/03/09/the-forbes-five-hip-hop-wealthiest-artists/
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