NigerianEye is an Independent News update provider. Our sole aim is to keep our readers informed and aware of happenings in Nigeria and around the world.
At $620m Estimated Pre-Tax Earnings, Dr Dre Overtakes Diddy, Jay-Z To Top Forbes Hip-Hop Acts Rich List
http://www.africaeagle.com/2014/09/at-620m-estimated-pre-tax-earnings-dr.html
With A staggering $620m in estimated pre-tax earnings, rapper and producer Dr Dre has been named hip-hop's richest man.
Dr Dre topped Forbes list as the highest paid hip-hop artist, ousting Sean 'P Diddy' Combs from the top spot.
Forbes said Dre’s estimated annual earnings for the 12 months between June 2013 and 2014 are the highest of any musician in any genre it has ever evaluated, and more than the combined takings of the other 24 names on the hip-hop list released on Tuesday (Sept 23).
According to reports, much of the 49-year-old’s earnings this year came thanks to the $3.2bn (£1.9bn) sale to Apple of the Beats high-end headphone company he founded with music executive Jimmy lovine and other financial ventures, including cognac and vodka brands.
Combs, 44, tied for second place with Jay Z, 44, with $60m, with earnings from drinks, clothing and television deals.
Drake, 27, came in fourth with $33m with takings from his album Nothing Was the Same, a concert tour and an endorsement deal with Nike.
Grammy-winning duo Macklemore & Ryan Lewis rounded out the top five with $32m.
Forbes compiled the list by looking at income from record sales, publishing, merchandise sales, tours and endorsement deals and talking to managers, agents, lawyers and some of the artists. The earnings were calculated based on data from Pollstar, RIAA (Recording Industry Association of America) and Nielsen SoundScan.
Fees for agents, managers and lawyers were not deducted from the estimates.
"Happy" singer and music producer Pharrell Williams, who joined the NBC television singing competition "The Voice" as a coach this season, slipped into the top 10 with $22 million.
Source: The Voice
Dr Dre topped Forbes list as the highest paid hip-hop artist, ousting Sean 'P Diddy' Combs from the top spot.
Forbes said Dre’s estimated annual earnings for the 12 months between June 2013 and 2014 are the highest of any musician in any genre it has ever evaluated, and more than the combined takings of the other 24 names on the hip-hop list released on Tuesday (Sept 23).
According to reports, much of the 49-year-old’s earnings this year came thanks to the $3.2bn (£1.9bn) sale to Apple of the Beats high-end headphone company he founded with music executive Jimmy lovine and other financial ventures, including cognac and vodka brands.
Combs, 44, tied for second place with Jay Z, 44, with $60m, with earnings from drinks, clothing and television deals.
Drake, 27, came in fourth with $33m with takings from his album Nothing Was the Same, a concert tour and an endorsement deal with Nike.
Grammy-winning duo Macklemore & Ryan Lewis rounded out the top five with $32m.
Forbes compiled the list by looking at income from record sales, publishing, merchandise sales, tours and endorsement deals and talking to managers, agents, lawyers and some of the artists. The earnings were calculated based on data from Pollstar, RIAA (Recording Industry Association of America) and Nielsen SoundScan.
Fees for agents, managers and lawyers were not deducted from the estimates.
"Happy" singer and music producer Pharrell Williams, who joined the NBC television singing competition "The Voice" as a coach this season, slipped into the top 10 with $22 million.
Source: The Voice
