Los Angeles - 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
$110m last year, largely thanks to his Beats by Dr Dre headphone collection,
which saw him earn $100m when HTC bought a 51% stake in the company for $300m.
P Diddy was ranked
second on the list with $45m, 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 $38m 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.
He said:
"We've received a lot of income based around endorsements.
"A lot of
brands are saying, 'Hey, there's a value proposition, instead of this
freewheeling spending ... I have some guaranteed curators and travel agents
that can help me reach the consumer in a better way.' "
Kanye West and Lil
Wayne rounded out the top five on Forbes' annual list, earning $35m and $27m
respectively.
Forbes looked at
income from touring, record sales, publishing, films, merchandise sales,
endorsements and other ventures from May 2011 to May 2012 to compile the list.
Forbes magazine's
highest earning hip-hop stars top 10:
1. Dr Dre, $110m
2. P Diddy, $45m
3. Jay-Z, $38m
4. Kanye West,
$35m
5. Lil Wayne, $27m
6. Drake, $20.5m
7. Birdman, $20m
8. Nicki Minaj,
$15.5m
9. Eminem, $15m
10. Ludacris, $12m
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