*(Via Black Business.org) – Rap music is alive and well, and in fact is still a very profitable industry.
Many rappers every year make millions from record sales, merchandise sales, touring, streaming, publishing, endorsements and other business ventures.
According to Forbes, in 2015, these 9 rappers all made $20 million dollars or more:
#1 – P. Diddy: earned $60 million from a variety of investments including Ciroc vodka, water brand AQUAhydrate, Revolt TV and his Sean John clothing line.
#2 – Jay Z: brought in $56 million, generated from his entertainment company Roc Nation, his recently acquired luxury champagne brand Armand de Brignac, and 22 concerts he did with his wife Beyoncé.
#3 – Drake: made almost $40 million, grossing an average of nearly $1 million per show across 50 tour dates. He also has huge endorsement deals with Sprite and Nike.
#4 – Dr. Dre: made $33 million from royalties, his executive-produced NWA biopic Straight Outta Compton, and his long-awaited comeback LP.
#5 – Pharrell: made $32 million from music production, tours, his coaching role on The Voice and his profits from clothing lines Billionaire Boys Club and Ice Cream
Learn who the the other 4 rappers are who earned at least $20 million in 2015 at BlackBusiness.org.