The Forbes Five: Hip-Hop's Wealthiest Artists 2018

Started by Ordinary Joel, Mar 4, 2018, in Music Add to Reading List

  1. Ordinary Joel
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    Ordinary Joel Found a new way to flow

    Mar 4, 2018
    https://www.forbes.com/sites/zackom...ip-hops-wealthiest-artists-2018/#3d028c4947c1

    Zack O'Malley Greenburg
    FORBES STAFF
    Senior Editor, Media & Entertainment

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    Mogul Talk: Jay-Z and Diddy toast at the Roc Nation Grammy brunch atop One World Trade in

    Last June, when Jay-Z and Beyoncé welcomed twins to their family, they did what many couples do in the wake of a new arrival--move to a bigger home--on quite an epic scale. Over the next few months, they shelled out $26 million for an East Hampton mansion and scooped up an $88 million Bel Air estate, adding 21,000 square feet per newborn. That's the sort of thing you can do when one partner is a pop demigod and the other is the richest rapper on the planet.

    Jay-Z upped his net worth from $810 million to $900 million over the past year, seizing hip-hop's cash crown for the first time since Forbes started counting back in 2011. The Brooklyn-born mogul's jump is due mostly to the rising value of his interests in Armand de Brignac champagne and D'Ussé cognac, on top of nine-figure ownership stakes in his Roc Nation empire and Tidal streaming service.

    "We always complain about, 'We don't own this, we don't own that.' … Here he is, this man who owns that," superproducer Swizz Beatz told me in an interview for my book 3 Kings: Diddy, Dr. Dre, Jay-Z and Hip-Hop's Multibillion-Dollar Rise. "The sky is not the limit: it's just a view."

    Jay-Z, Diddy and Dre are not only the wealthiest hip-hop acts on the planet, but the richest American musicians of any genre. Longtime Forbes Five champ Diddy ranks No. 2 this year despite increasing his fortune slightly in the past 12 months; tepid trends in the vodka and cable TV sectors have affected his interests in Ciroc and Revolt, but heady growth at DeLeón tequila, his joint venture with beverage giant Diageo--and massive annual earnings totals in recent years--have kept his net worth trending in the right direction.


    Dre ranks third with $770 million, creeping upward thanks to the market trends boosting his nine-figure windfall from Apple's $3 billion buyout of Beats in 2014. The superproducer is also in line to receive a slug of Apple stock this summer worth well over $100 million; depending on the tech giant's share price at the time, he could leapfrog Diddy and Jay-Z when that happens.

    After the top three, there's a long drop before the fourth and fifth names on the list: Drake and Eminem, tied at an even $100 million apiece. The youngest impresario of the bunch, 31-year-old Drake has earned more than $250 million since 2010, before taxes and spending; an equity stake in Virginia Black whiskey and pricey estates in Toronto, Canada, and Hidden Hills, California, pad his holdings. His inclusion on the Forbes Five represents yet another career goal achieved.

    "If I'm not on your list this year, I'd be gravely disappointed," he told Forbes back in 2013. "That's pretty much my objective every year … other than making good music."

    Eminem isn't known as a businessman like some of the other names on this list, but he's still the best-selling rapper of all time and moved more albums in the U.S. during the 2000s than any act in any genre. Fresh off new album Revival, he makes his Forbes Five debut as former listmember Birdman--Drake's Cash Money Records boss--slips below the $100 million mark in the wake of some apparent liquidity issues.

    To compile the Forbes Five rankings, we follow the same procedures used to calculate our list of the world's billionaires (our annual update arrives Tuesday): valuing major assets, poring over financial documents, and speaking with analysts, attorneys, managers, other industry players and, in some cases, the moguls themselves.

    So who will be the first hip-hop star to reach the billion-dollar mark? Trends in the spirits world could continue to play a key role for Jay-Z and Diddy. After the furious rise of vodka in the first part of this decade, fueled largely by flavored variants like those of Ciroc, the market has shifted towards cognac, whiskey and tequila.

    "D'Ussé fits right in there," says Eric Schmidt, Director of Alcohol Research at Beverage Marketing Corporation. "I think DeLeón is poised for growth … it could one day be the next Patrón, but it's a long road."

    Jay-Z, meanwhile, shouldn't be slacking off anytime soon: though he and Beyoncé bought their East Hampton abode outright, according to public records, their $88 million Bel Air mansion comes with a $52.8 million mortgage.

    Additional reporting by Natalie Robehmed; editing by Kerry Dolan and Luisa Kroll

    For more on the business of hip-hop, check out my latest book, 3 Kings: Diddy, Dr. Dre, Jay-Z and Hip-Hop's Multibillion-Dollar Rise, and follow me on Twitter.
     
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  2. Michael Myers
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    Michael Myers The Boogeyman is coming

    Mar 4, 2018
    King HOV
     
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  3. Winter
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    Winter Super Comfy

    Mar 4, 2018
    Crazy that Hov made almost Drake and Eminem’s entire net worth in a year
     
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  4. Michael Myers
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    Michael Myers The Boogeyman is coming

    Mar 4, 2018
    the answer is probably Tidal/Beats etc but I wonder how the highest selling rap artist has such a low net worth compared to jay and dre
     
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  5. Winter
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    Winter Super Comfy

    Mar 4, 2018
    There’s not a lot of money in selling music, after royalties for producers/writers/samples, and after the label takes their share there’s barely anything left for the artist. I guess most of their money comes from tours and neither Drake or Em are out touring all the time. Once every couple years or so. Neither of them have the business interests that Jay, Puff and Dre do.
     
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  6. eddie313
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    eddie313 MUSIC TO BE MURDERED BY

    Mar 4, 2018
    [​IMG]
     
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  7. Tyler
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    Tyler Those aren't mountains

    Mar 4, 2018
    He was buying those blue chip pills
     
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  8. Michael Myers
    Posts: 34,491
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    Michael Myers The Boogeyman is coming

    Mar 4, 2018
    True, makes a lot of sense.

    Well Eminem is touring this year through Europe curious how much that will help. But yeah the other ones I don't see them as artists being so high, more great businessmen.
     
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  9. Xmipod
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    Xmipod "Sorry uncle xmi"

    Mar 4, 2018
    Getting into the booze business is where its at

    Even Yelawolf is getting a lot of money from his wiskey brand.
     
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  10. joeyp363
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    Mar 4, 2018
    Tech n9ne number 8. GOAT status
     
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  11. Groovy Tony
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    Groovy Tony Grandma's baby Eddie Kane

    Mar 4, 2018
    f--- Birdman
     
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