hip-hop

Jay-Z Hip-Hop's Top Earner at $35 Million

Filed under: Wealth

You gotta hand it to Jay-Z. Despite taking a 57% pay cut -- down from $82 million in 2008 to $35 million in 2009 -- he's still the Hip-Hop Cash King, according to Forbes. (Cash Queens, aka the women, can be found on their own list, which focuses on all women in music, not just in the hip-hop genre.) Diddy squeaks in as the #2 cash king, with $30 million, and Kanye West is #3 with $25 million. Both of these gents also are down several million from last year.

Many of the artists on the Hip-Hop Cash Kings list earn a good chunk of their income through licensing and endorsements, but gone, at least for as long as the economy is uncertain, are one-time mega deals in the $100 million-plus range. This is what knocked 50 Cent out of first place in 2008 down to #4 this year, with "only" $20 million.

In Pictures: Hip-Hop's 20 Top Earners

Tags: cash kings, CashKings, Forbes, hip hop, hip-hop, HipHop, Jay Z, Jay-Z, JayZ, wealth

Sean "Diddy" Combs Can't Afford His Private Jet

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Sean "Diddy" Combs' relentless (and so far fairly fruitless) pursuit of an acting career has apparently taken a toll on his finances. In the latest installment of his video blog, the rap mogul complains that the gas price explosion has forced him to forego the use of his private jet on his now frequent trips to Los Angeles to meet with movie people. "Gas prices are too f-ing high!" he complains in the clip. "If I'm flying back and forth to L.A. twice a month, that's like $200,000 - $250,000 round trip. F-k that!"

As a result, Diddy says, he's gone back to flying commercial, and throws in an appeal to his "Saudi Arabian brothers" to "please send me some oil for my jet." He then insists, "This is really happening!", filming himself boarding an American Airlines flight, adding, "and I'm in coach!" We're pretty sure Diddy, who makes $35 million a year, is joking about that last bit.

Tags: Airlines, Diddy, Gas prices, GasPrices, Hip-hop, Hollywood, Private jet, PrivateJet, Rap, Sean Combs, SeanCombs

50 Cent Eclipses Jay-Z as Hip-Hop's Cash King

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Forbes has just released its annual list of the world's highest-paid rappers, and Curtis "50 Cent" Jackson has catapulted to the #1 spot with $150 million in earnings over the past 12 months - more than double that of rival Jay-Z at No. 2.

When Forbes inaugurated the Hip-Hop's Cash Kings list last year, Jay-Z was firmly at the top. But 50 raked in over $100 million after taxes on a single deal earlier this year, the mag notes, when his stake in Glacéau (parent co. of VitaminWater) was bought by Coca-Cola as part of a $4.1 billion takeover.

This isn't to say that Jay-Z's doing badly; he recently signed a 10-year deal with concert promoter Live Nation worth $150 million. Meanwhile, Sean "Diddy" Combs and Kanye West clocked in at Nos. 3 and 4 with $35 million and $30 million respectively.

Tags: 50 Cent, 50Cent, Forbes, Glaceau, Hip-hop, Jay-Z, Kanye West, KanyeWest, Rap, Rappers, Sean Combs, SeanCombs