Thursday, August 23, 2007

JayZ , Hip Hop Cash King

Found an intresting news about Jay Z aka Shawn Carter. Forbes reports that Jay Z topped the chart of top earner in Hip Hop Music Industry. 50 cent is in the second position followed by P diddy in 3rd position.
Here is more from Forbes.
Unlike traditional music genres like pop, rock and country, whose artists generally make the bulk of their money selling albums and touring, hip-hop has spawned an impressive cadre of musicians-cum-entrepreneurs who have parlayed their fame into lucrative entertainment empires. Curtis "50 Cent" Jackson, who nabbed the No. 2 spot on the list, presides over G-Unit, a diverse portfolio of businesses that includes apparel, ringtones, video games and even a line of fiction. All told, "Fiddy" as he is known to fans, made an estimated $32 million last year. "I'm creating a foundation that will be around for a long time, because fame can come and go or get lost in the lifestyle and the splurging," he told Forbes last year. "I never got into it for the music. I got into it for the business."

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