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Forbes Top Five Wealthiest Hip Hop Artists 2013

by Minority Fortune

In a time of austerity and economic crises, wealth continues to pour into the hands of a few. Forbes released the names of the top five highest grossing hip-hop artists. The names don’t really come as a surprise. However, what is ironic is that the bulk of these artists’ wealth now comes from industries outside of hip hop. It goes to show that if you want sustainable wealth, you must be flexible and innovative. These five artists continue to demonstrate these traits, and it seems to be paying off while still operating in the midst of the stifled music industry.

Check out the Forbes list below:

  1. Diddy: $580 million – The bulk of his money now stems from industries outside of music, most notably Ciroc. He receives an 8-figure payout annually with an agreement that will award him 9 figures if the company is bought out.
  2. Jay Z : $475 million – His wealth comes from a variety of places. Its largest constituents remain the Rocawear deal for $204 million and his $150 LiveNation deal. He also maintains investments in the 40/40 Club, RocNation, Carol’s Daughter, Brooklyn Nets, and Barclay’s Center.
  3. Dr. Dre: $350 million – No surprise that his majority stake in the premium headphones “Beats by Dr. Dre” continue to bring in the big bucks.
  4. Baby “Birdman” Williams: $150 million – In an effort to diversify his investments outside of his record label, Cash Money, he’s recently launched a YMCMB clothing line and GT Vodka.
  5. 50 Cent: $125 million – His money comes from his branding and media products. In addition to that, he’s had great financial success with his investment in Vitamin Water. Now he looks to ramp up his profits with his premium headphone line SMS Audio and energy shots company SK Energy.

It’s always a good thing to see minority fortune. Aside from Baby and Diddy, you won’t find numerous videos and articles around the web detailing these individuals’ ostentatious spending habits. Why is that? Making money requires discipline and focus. Billionaires don’t have the time to blast every monetary victory to the masses. They set their eyes on bigger sights and keep moving forward. If these five artists play their cards right, a few of them just might join the ranks of Oprah Winfrey in becoming a black billionaire. How grand that would be!

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* Image provided courtesy of Vibe.
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