April 26, 2011 – Hip hop was largely an urban subculture in the 1970s, and over the years has transformed society in general. Hip hop has grown into a multi-billion dollar business, primarily thanks to hip hop stars becoming not only music moguls, but business moguls as well.
The culture of getting rich is synonymous with the hip hop genre. When was the last time you heard a rapper rhyme about aspiring to be poor?
Hip hop artists are actually some of the most successful business people in the business community.
According to Forbes magazine, Sean “Diddy” Combs is the highest earning hip hop millionaire with an estimated worth of $475m in 2010 – just $25m less than Queen Elizabeth!
Sean “Diddy” Combs, formerly known as Puff Daddy, has built his fortune from his expansive clothing line Sean John, Bad Boy record label, Ciroc vodka, acting, endorsements, concerts and television shows.
Clearly, hip hop went beyond just music for Combs.
Perhaps for personalities like Sean “Diddy” Combs, Shawn “Jay-Z” Carter, Andre “Dr. Dre” Young and Curtis “50 Cent” Jackson”, they learned to persevere through the tough corporate jungle from their rugged and urban environment of their youth.
Whether you’re a fan of hip hop because of the music or for the daring business ideas, hip hop is undoubtedly inspiring a whole new generation of entrepreneurs.
HIP HOP TOP EARNING LIST
Sean “Diddy” Combs – $475m
Shawn “Jay-Z” Carter – sold Rocawear for $204m, signed a $150m deal with Live Nation, restaurateur and has shares in the New Jersey Nets basketball team
Andre “Dr. Dre” Young – launced careers of Snoop Do, Eminem and 50 Cent, Beats headphones, HP laptops
Curtis “50 Cent” Jackson – sold Vitamin Water for $100m, G-Unit clothing line, video games, production company and acting gigs
Source: Forbes magazine, BBC