Tuesday, August 17, 2010
JAY Z is King!
For the third time in four years, Jay Z is again basking in the glory of "Hip-Hop Cash King" as ranked by Forbes. The rapper earned $63 million over the last 12 months, owing to business ventures like the high-grossing tour, real estate investments and the successful Roc-a-fella records.
This more than doubled 2010's runner up Diddy's, who clocked in at position 2 on the list with $30 million attributed to endorsement deals and roles in films like "Get Him to the Greek."
Akon was at position 3, earning $21 million from endorsement deals and his signing of Lady Gaga to his Interscope-backed label KonLive.
Lil Wayne came in forth with $20 million in earnings, most of which came through his tours last year, I Am Music and America's Most Wanted, were the biggest hip-hop outings of 2009.
Dr. Dre took position five, earning $17 million through a combination of album royalties from his past projects, executive producing a pair of Eminem releases and income from his headphone line Beats by Dre.
Ludacris, Snoop Dogg, Timbaland, Pharrell and Kanye West rounded up the top 10.
Jay Z has always topped the list since 2007 when it was started and only lost to 50 cent in 2008.
The G-Unit boss took the 14th place this year, and he was tied with his mentor Eminem; both multi-platinum superstars that earned $8 million.
Drake was among those making their debut on the list, ranked at position 11.
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