Forbes.com earlier this week released its list of the top 20 earners in hip-hop and none other than Jay-Z (Shawn Carter, Jigga Man, Hova) ranks No. 1.
The trends show that although hip-hop’s biggest money makers are still making millions, a majority of them are gaining far less than what they made in 2008. This year, in total, rappers on Forbes’ list made $300 million compared to last year's $500 million.
Jay-Z has managed to earn an estimated $35 in the past 12 months -- less than half of the $82 million Jay-Z made the previous year.
Ranking No. 2 is hip-hop mogul Diddy with $30 million. Kanye West is right behind Diddy with $25 million and 50 Cent and Akon tie for fourth with $20 million.
Other artists to make it onto the list include Timbaland (No. 7), Ludacris (No. 13), and Andre 3000 and Big Boi (No. 18).
Forbes’ list was estimated from incomes that include record sales, digital downloads, touring, films, TV shows, endorsements, books, and other entertainment ventures. The time period that is used for the list is June 2008 to June 2009.
Read more at http://www.forbes.com/2009/07/08/jay-z-akon-50-cent-hip-hop-business-entertainment-cash-kings.html.
Spotted at HipHopDX.com
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