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Dr. Dre Named Hip-Hop’s Highest Earner
Posted by Andru Edwards Categories: Gossip, Industry News, Hip-Hop & Rap,
Dr. Dre has been named hip hop's highest earner.
The rap mogul may still not have released his long-awaited Detox, album but he made an estimated $110 million last year, largely thanks to his Beats by Dr. Dre headphone collection, which saw him earn $100 million when HTC bought a 51 per cent stake in the company for $300 million.
P. Diddy was ranked second on the list with $45 million, with a huge percentage of his income coming from his share of profits for Diageo's Ciroc vodka, while third-placed Jay-Z brought in more than half of his $38 million through business deals including ownership stakes in cosmetics company Carol's Daughter, the Brooklyn Nets and a joint venture with Duracell.
Former Def Jam President Kevin Liles - who now manages a number of hip-hop artists - says it is typical for his acts to make a lot of their money from endorsements:
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