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Friday 29 March 2013

The Forbes Five: Hip-Hop's Wealthiest Artists 2013

1. Diddy - $580 million: The bulk of the Bad Boy Records founder's
wealth comes from non-musical ventures, namely his deal with Diageo's
Ciroc. The agreement entitles him to eight-figure annual payouts and a
nine-figure windfall if the brand is ever sold—and Ciroc's value has
never been higher

2. Jay Z - $475 million: He's still rolling in cash from megadeals
like his $204 million Rocawear sale in 2007 and his $150 million pact
with Live Nation the following year. He continues to hold stakes in
Roc Nation, Carol's Daughter, the Brooklyn Nets and, more
significantly, the Barclays Center itself, while adding new
partnerships with the likes of Duracell, Budweiser and Bacardi's
D'ussé Cognac

3. Dr Dre - $350 million: It's thanks mostly to his Beats by Dr. Dre
headphones. A year after selling 51% of the company to handset maker
HTC for $300 million in August 2011, Dre and his partners bought back
half of the half they sold in 2012—and their investment continues to
soar in value due to Beats' whopping 65% market share of the premium
($99 and up) headphone market.

4. Bryan "Birdman" Williams - $150 million: Riding from his Cash
Money/Young Money empire. His roster includes Drake, Nicki Minaj and
Lil Wayne (the latter crossed the $100 million threshold for the first
time this year, by our estimates, but remains just outside the top
five). Birdman also recently launched a YMCMB clothing line and a
spirit called GT Vodka.

5. 50 Cent - $125 million: The bulk of his fortune came from heavy
sales of his music, merchandise, video games and books in the wake of
his smash debut Get Rich or Die Tryin'- and particularly from his
payout for the sale of his stake in VitaminWater parent Glacéau to
Coca-Cola in 2007.

Culled for forbes.

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