Jay-Z Named Cash King by Forbes
Posted on August 19, 2007
Jay-Z tops the list of notable rappers in Forbes list of 20 Top Cash Kings. The president of Def Jam Recordings can attribute some of his 2006 $34 million income to the success of his comeback album Kingdom Come. The album sold over two million copies. Jay-Z also owns a sports bar franchise and a small stake in the New Jersey Nets basketball team. Jay-Z is also one of the owners and founders of the Roc-A-Fella empire, which includes Roc-A-Fella Records, Roc-La-Familia, Roc-A-Fella Films and Rocawear. The hip-hop mogul has lucrative advertising deals with Budweiser, Hewlett-Packard and General Motors.
Queens rapper 50 cent ranked second on the list despite the fact that he didn’t release a record during 2006. Part of his income was generated by advertisements with Reebok and his clothing company called G-Unit. G-Unit also involves ringtones and video games.
Forbes’ Top 20 Hip-Hop Cash Kings:
1. Jay-Z - $34 million
2. 50 Cent - $32 million
3. P Diddy - $28 million
4. Timbaland - $21 million
5. Dr. Dre - $20 million
6. Eminem - $18 million
7. Snoop Dogg - $17 million
8. Kanye West - $17 million
9. Pharrell Williams - $17 million
10. Scott Storch - $17 million
11. Ludacris - $16 million
12. T.I. - $16 million
13. Outkast $14 million
14. Lil John $14 million
15. Ice Cube $13 million
16. Jermaine Dupri $12 million
17. Swizz Beatz - $12 million
18. Chamillionaire - $11 million
19. The Game - $11 million
20. Yung Joc - $10 million
Source - Forbes.com
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Hooray for Jay-Z! Not only he is a brilliant entrepreneur, but a highly gifted mogul who will rule the entertainment world soon!
Best wishes,
Johnny Kim
President
Glamourocke®Records+Films
Beverly Hills