Sometimes, we wish that the media wouldn’t solely focus on the money that celebrities bring in. We’d like them to step up to the plate with their extensive research teams and look into the cash flows of the rich and famous. Then, they should proceed to base their list based on those who are actually keeping their money. Forbes Cash King list has individuals on there who simply just don’t belong for various reasons (owing money to the IRS, spending all their money, etc). Others deserve even more praise because they rake in substantial money while working less. Nonetheless, we’ll feature the list and point out winning hustles amongst the Top 20 at the end.
It’s clear to us that hip-hop is the new pink for the music industry. Exploitation is rampant. Yet, these hip hop entertainers deserve praise for using it as a stepping-stone to move forward. Most of the men (we need women pronto!) on this list are now entertainers and moguls. That alone is a great accomplishment. However, their triumphs need to be explored, and their responsibilities should be upheld. We sincerely hope these celebrities remain out of poverty, although we’re sure more than a few will one day drop like flies from the list.
1. Shawn “Jay-Z” Carter – $63 Million
2. Sean “Diddy” Combs – $30 million
3. Aliuane “Akon” Thiam – $21 million
4. Dwayne “Lil Wayne” Carter – $20 million
5. Andre “Dr. Dre” Young – $17 million
6. Christopher “Ludacris” Bridges – $16 million
7. Calvin “Snoop Dogg” Broadus – $15 million
8. Timothy “Timbaland” Mosley – $14 million
9. Pharrell Williams – $13 million
10. Kanye West – $12 million
11. Aubrey “Drake” Graham – $10M
12. Kasseem “Swizz Beatz” Dean – $9M (tie)
14. Marshall “Eminem” Mathers – $8M (tie)
14. Curtis “50 Cent” Jackson – $8M (tie)
14. Jay “Young Jeezy” Jenkins – $8M (tie)
17. Lonnie “Common” Lynn Jr. – $7M
18. DeAndre “Soulja Boy” Way – $6M (tie)
18. Faheem “T-Pain” Najm – $6M (tie)
20. Jonathan “Lil Jon” Smith – $5M (tie)
The Keys to Cash:
As you can tell, having a #1 hit on the charts doesn’t grant you any riches. It’s all about being business savvy, leveraging youself, and managing your money. Once you understand these things, then it’s no surprise at how some of the names have found themselves on the list. So, let’s check out the re-occurring smart moves that we’ve seen on this list:
- Endorsements
- Holding their masters (for actual artists)
- Touring
- Product lines (clothes, beverages, liquor)
- Becoming CEO of their own record label
- Acting
- Producing
- Strategic networking with big firms to find opportunities
- Doing smart things with their money
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Part of the “challenge” with our youth and young adults is that they do not have vision. They’re “okay” with the quick fame and just want to be seen. The Visionary desires the legacy, the hope and the change that comes along with true wealth. Plus, the money does not come overnight nor without hard work, diligence and the right people working with them. Great post!
This is so true that the youth have inherited the wrong mindset about wealth, but it’s a big issue amongst our entire culture. Give an average senior citizen in our community a $20 bill, and give a Chinese senior citizen a $20, and you’ll more than likely witness big differences.
There’s a bigger question of which came first, like the chicken and egg scenario? Did society teach us this irresponsibility towards money, or did we play a hand in the resulting influences? The actions are made with our own choices, but as a whole, the minority community is influenced by many things that are not owned by them (music industry, television, food, alcohol, clubs, magazines, etc.). There are no clear cut answers, but we’d love to ponder this question further.
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