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Rapper Jay-Z tops Forbes hip-hop "cash kings" list

Updated: 2007-08-17 15:18
(Reuters)
Rapper Jay-Z tops Forbes hip-hop
 
Jay-Z introduces inductee 'Grandmaster Flash' and 'The Furious Five,' during the 22nd annual Rock and Roll
Hall of Fame induction ceremony at the Waldorf Astoria Hotel in New York March 12, 2007.[Reuters]

 

Hip-hop star Jay-Z's talent for extending beyond rap to the executive worlds of music, fashion and other businesses has earned him the top spot on Forbes magazine's "Hip-Hop Cash Kings" list.

Forbes on Thursday said Jay-Z, whose real name is Shawn Carter, raked in $34 million in 2006, the year he released a comeback album "Kingdom Come."

But the boyfriend of pop singer Beyonce earned much of that income as chief executive of New York-based Def Jam Recordings, owner of a sports bar franchise and holder of endorsements deals with Budweiser, Hewlett-Packard and General Motors, Forbes said.

In March, Jay-Z, 36, sold his Rocawear fashion label for $204 million -- a sum that will again place him high up in the music world's earnings for 2007.

Coming in at No. 2 was rapper 50 Cent, a.k.a Curtis Jackson. He earned $32 million from his music and businesses such as a record label, video games and a line of books, the survey said.

Diddy -- real name Sean Combs -- came in third. He owns the Sean John clothing label and a cologne that he licensed to Estee Lauder. He also is an MTV television producer. Timbaland, whose real name is Timothy Mosley, was No. 4 with earnings of $21 million from collaborations and running Mosley Music Group.

Dr. Dre, a.k.a. Andre Young, grabbed fifth place with $20 million from ventures that include running Aftermath Entertainment, followed by Eminem at No. 6, who brought in $18 million, and Snoop Dogg at No. 7, who earned $17 million.

Forbes associate editor Lea Goldman said the hip-hop stars are "masters at branding and cross-promotion" so that "they're still making a killing as the rest of the music industry suffers."

"They get that it's not just about selling albums, but about selling a lifestyle," she said. "So they've plowed their earnings into media empires that include their own record labels, clothing lines, restaurants and bars."

Grammy award winner Kanye West was No. 8 with $17 million followed by Pharrell Williams, who has his own sneaker and clothing lines, and Scott Storch, a former keyboardist with the Roots turned hip-hop and pop writer and producer. Both also earned $17 million.

 

 
 
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