Who Will Be Hip Hop's First Billionaire?
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Diddy and Jay Z |
In 1998, Master P was ranked 10th among entertainers with a networth of $56.5 million and next was Diddy - then popularly known as Puff Daddy - in 15th position with networth of $53.5 million.
Now, Hip Hop artists are very much into all kinds of business and their networth are skyrocketing year after year.
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Diddy owns Bad Boy Entertainment, TV station and many other investments |
Sean Combs otherwise Diddy for seven years remain on top the Forbes list with a networth of $820 million.
Diddy estimated worth has been gathered from money made from his businesses - Diageo Ciroc, DeLeon tequila, investment in media (Revolt digital cable TV), Bad Boy entertainment company and alkaline water brand - he is not at all far from becoming hip hop first billionaire.
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Jay Z bought streaming service Tidal over 10 times lesser than its current worth at $600 million |
Diversifying especially investment in streaming service Tidal, which currently valued at $600 million, leaped Jay ranking by two places to be second in ranking.
Also in his chain of investments is roc Nation entertainment company, Armand de Brignac Champagne and sports.
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Dr Dre's Beats electronic deal with Apple was a game changer for him |
The deal was struck at a whooping $3 billion which initial was speculated to have made the artist/producer a billionaire but his take from the deal was not enough to rank him such.
In fourth position is rapper/producer Birdman with a networth of $110 million which put him above Drake, who followed him with a total of $90 million - most of Drake's income comes from album sales, record deals and investment in clubs
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