Diddy – Net Worth: $650 million (up $70 million) Not only is Diddy still dominating the #1, but he is officially the first rapper in history to crack the $600 million net worth mark. Diddy’s net worth increased $70 million in the last year alone thanks in large part to his 8 figure endorsement deal with Ciroc Vodka. He also continues to benefit from his long-established fashion and media empire. Diddy actually owns a significant piece of equity in Ciroc, which was recently valued at $1 billion. If Ciroc sold today, Diddy would reportedly earn $150 million. But it doesn’t stop at vodka. Recently it was revealed that Diddy and a group of investors bid $200 million to purchase Fuse TV from the Madison Square Garden Company. Diddy wants to combine Fuse TV with a cable channel he already owns called, Revolt TV. The combined new network would be a home for music, news, interviews and live music. 2. Jay-Z – Net Worth: $550 million (up $50 million) Jay-Z continues to cash in on his 10-year, $150 million Live Nation deal which last another four years. His Magna Carter tour put $10 million in his pocket and he also earned $5 million from digital sales. In the last 12 months Jay sold his stake in the Brooklyn Nets and launched Roc Nation Sports, a sports agency in partnership with Hollywood powerhouse CAA. Roc Nation Sports has already cut deals for superstar athletes like Robinson Cano, Victor Cruz and Kevin Durant. 3. Dr. Dre – Net Worth: $450 million (up $90 million) Not only is the doctor in the house, he’s also in the bank vault stacking up gold bars. In the last 12 months, no rapper earned as much money as Dr. Dre. As you might have guessed, the vast majority of Dre’s $90 million net worth jump is related to a little company called Beats By Dre. Dre founded the company in 2008 with Interscope chairman Jimmy Iovine. They sold half the company to HTC in 2011 for $309 million. In 2012, Dre and Jimmy bought a quarter of that stake back for $150 million. In September 2013, private equity firm Carlyle Group purchased HTC’s remaining 25% stake plus another 25% stake (again leaving Jimmy and Dre with 50%) for $500 million. That valued the company as a whole at $1 billion which meant Dre’s stake was worth $250 million. And the business is growing! Beats by Dre is rumored to have generated $1.4 billion in revenue in 2013. If the company ever decides to go public, Dr. Dre could easily shoot to the top of the hip-hop money mountain. He’d likely be the very first rapper to break a billion dollar net worth. The Richest Rappers In The World 2014: 1. Diddy – Net Worth: $650 million (up $70 million) 2. Jay-Z – Net Worth: $550 million (up $50 million) 3. Dr. Dre – Net Worth: $450 million (up $90 million) 4. Master P – Net Worth: $350 million (no change) 5. 50-cent – Net Worth: $270 million (up $10 million) 6. Birdman – Net Worth: $170 million (up $20 million) 7. Eminem – Net Worth: $160 million (up $20 million) 8. Ice Cube – Net Worth: $140 million (up $20 million) 9. Lil Wayne – Net Worth: $135 million (up $25 million) 10. Snoop Dogg – Net Worth: $135 million (up $10 million) 11. Kanye West – Net Worth: $120 million (up $20 million) 12. Pharrell Williams – Net Worth: $110 million (up $30 million) 13. LL Cool J – Net Worth: $100 million (up $15 million) 14. Timbaland – Net Worth: $85 million (up $5 million) 15. Akon – Net Worth: $80 million (no change) 16. Beastie Boys – $75 million each (no change) 17. Nelly – Net Worth: $60 million (no change) 18. T.I. – Net Worth: $50 million (up $10 million) 19. Pitbull – Net Woryth: $50 million (up $30 million) 20. Nicki Minaj – Net Worth: $45 million (up $20 million) 21. Andre 3000 – Net Worth: $45m (no change) 22. Drake – Net Worth: $40 million (up $10 million) 23. Ice-T – Net Worth: $40 million (up $5 million) 24. Big Boi – Net Worth: $40 million (no change) 25. T-Pain – Net Worth: $35 million (no change) 26. Rick Ross – Net Worth: $35 million (up $7 million) 27. Busta Rhymes – Net Worth: $30 million 28. Flo Rida – Net Worth: $30 million (up $10 million) 29. Ludacris – Net Worth: $25 million 30. Chris Brown – Net Worth: $24 million
Posted on: Tue, 01 Apr 2014 00:37:07 +0000