April 18, 2014
Oh my! Limpopo crooner Kcee turned a year older today 18th April and got a surprise birthday gift from his brother, the CEO of Five Star Music, Emeka Okonkwo aka E-money, in the early hours of this morning. E-money presented Kcee with a brand new luxu…
TONY PULIS was quick to shower praise on his Crystal Palace players after reaching the 40 point mark.
MAROUANE CHAMAKH and Yannick Bolasie will be monitored for Crystal Palace ahead of their clash with West Ham tomorrow .
According to Forbes, Diddy, Dr Dre, Jay Z, Birdman and 50 cent are the richest Hip Hop artists in the world currently…in that order. Didddy is now worth $700million. Wow! See the full report below…
Back in 2007, Sean “Diddy” Combs teamed with Jay Z and 50 Cent to create a song titled “I Get Money: Forbes 1-2-3 Billion Dollar Remix.” Less than a decade later, rappers are closing in on ten-figure fortunes, and he’s the nearest of the bunch.
Diddy leads the pack with an estimated fortune of $700 million, an increase of $120 million over his net worth last year. The change comes largely from the addition of Revolt TV—the new, music-focused, multi-platform channel of which he’s the majority owner—to his already-hefty portfolio.
Diddy has plenty of competition in the race to $1 billion. His top challengers are Dr. Dre, who ranks second with $550 million, and Jay Z, in third place with an estimated $520 million. The former leapfrogged the latter on this year’s Forbes Five thanks to a large stake in Beats By Dr. Dre, which he cofounded with Interscope chief Jimmy Iovine in 2008.
The company controls an astounding two-thirds of the premium headphone market, with annual sales reportedly in excess of $1 billion and growing. Private equity firm Carlyle invested $500 million for a minority stake last year, pushing Beats’ value past $1 billion and likely closer to $2 billion.
“Beats has a unique brand—it speaks to a nice young demographic, which is really interesting to marketers,” says Peter Csathy, former president of Musicmatch, an early digital music purveyor acquired by Yahoo YHOO +0.11% in 2004 for $160 million. “When I think about Beats, I think about it as a lifestyle, I think of it as a media company, not just a hardware and music-focused company.”
Jay Z’s fortune continues to grow at a healthy clip, too. He’s made multiple nine-figure deals in the past, including his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation in 2008. But much of his recent growth comes from Roc Nation, his record label and management firm that recently added a sports agency. The outfit gets a single-digit cut of pacts like Robinson Cano’s $240 million monster agreement.
Bryan “Birdman” Williams, whose net worth would be over $300 million if he didn’t share his fortune with brother Ronald “Slim” Williams. The duo cofounded Cash Money Records two decades ago; Cash Money continues to grow with a roster that includes Drake, Nicki Minaj and Lil Wayne. Birdman has also diversified with Cash Money Content, GT Vodka and the YMCMB clothing line.
Rounding out the list is 50 Cent, who owes most of his fortune to his $100 million haul from the sale of Vitaminwater in 2007. Now he’s trying to repeat the feat with companies like SMS Audio and SK Energy beverages. In the meantime, he’ll reboot his music career by taking his G-Unit Records independent and releasing new album Animal Ambition in June.
Culled from Forbes.
Note: This story is an expanded version of a piece that ran in the May 5, 2014 issue of FORBES magazine.
It’s the Easter Season again and our official beverage partner is giving 50% discount on all wines ordered on Shaayo.com from now till the next one week, so guys what are you waiting for? Go to www.shaayo.com/ and start ordering now. Shaayo.com is…
RusselSmith Group is a company created to to service the needs of the global Oil and Gas exploration and production industry utilizing Rope Access Technology as primary means of access. RusselSmith Group is recruiting to fill the below position of: SYSTEMS SUPPORT OFFICER JOB DESCRIPTION Administer network workstations, utilizing one or more TCP/IP or non-TCP/IP […]
Weatherford is one of the largest diversified upstream oilfield service companies in the world. Our global network includes more than 67,000 people, 1000 service bases, 87 manufacturing facilities, and 16 technology and training centers in more than 100 countries. Our products and services span the lifecycle of a well, including drilling, evaluation, completion, production and […]
Lamudi helps people in the property market find their ideal home, land or commercial property. Our goal is to empower consumers with the most thorough information in the market and get them in contact with the agents. We aim to have our listings give you as much information about the property as possible. At Lamudi, […]
International Business Machines Corporation (IBM), is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is recruiting to fill the position of: DATA SOLUTION SALES […]
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Actress & businesswoman Sophia Tchidi Chikere will launch her perfume line called Sophia’s Secret, tomorrow Saturday April 19th in Port Harcourt. The mother of three is one of few celebs in Nigeria with their own fragrance line. Well done. Continue…
The actress will wed her Spain based man Richard Maduka on Easter Monday in Port Harcourt. Congrats to them. Continue to see more photos…
By Tunde Opeseitan / Snr Correspondent, Lagos Suspended Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has denied allegation in the briefing note to President Goodluck Jonathan by the Financial Reporting Council (FRC) of Nigeria that he supervised the writing-off of a N40 billion debt owed the defunct Intercontinental Bank by former Kwara […]
The post FRC probe programmed to nail me –Sanusi appeared first on Daily Independent, Nigerian Newspaper – news,sports,politics,bussiness.
•Adeyemi donates N2m to families, dependants By Celestine Okafor Politics Editor, Abuja Chairman of the Senate Committee on the Federal Capital Territory (FCT), Smart Adeyemi, on Thursday, visited survivors of Monday’s bomb blast in Nyanya, Abuja, and personally donated N2 million to the wards and families of those receiving treatment at the National Hospital and […]
By Rotimi Akinwumi / Snr. Correspondent, Abuja Minister of State for Defence, Musiliu Obanikoro, has described as untrue allegations that he used soldiers to stop the development work in Ilubirin, as alleged by the Lagos State Government. Obanikoro in a statement issued on Thursday by his personal assistant, Ikenna Ezekwe, said he as a minister […]
By Blessing Adewole / Special Correspondent, Abuja Minister of Women Affairs and Social Development, Zainab Maina, has set up a national joint task force for the prevention of sexual abuse and violence against children. Maina said this is coming on the heels of the recent terror attacks and abduction of nearly 200 girls from a […]
The National Conference on Thursday adjourned plenary indefinitely to allow the standing committees begin sitting on April 22 after the Easter celebration. The motion for the adjournment was moved by the former Akwa Ibom State Governor and delegate, Obong Victor Attah, and seconded by Mrs. Josephine Anenih. Attah, while moving for adjournment called for proper […]
By Joe Nwankwo Assistant Editor, Abuja Attempts by Maxi Okwu to use thugs to take over the National Secretariat of the All Progressives Grand Alliance (APGA) was on Wednesday night thwarted as the Commissioner of Police in the Federal Capital Territory (FCT), Mbu Joseph Mbu, ordered him to await the appeal filed by Chief Victor […]
By Okey Maduforo / Correspondent, Enugu Had the builders of Nnamdi Azikiwe International Stadium conceptualised the experience of what happened last Friday, they ought not to have put up the structure at the heart of Enugu town. The crowd was, indeed, intimidating on that day and a number of people were stuck on the way to […]
The post Jonathan’s South-East PDP rally appeared first on Daily Independent, Nigerian Newspaper – news,sports,politics,bussiness.
Chieftain of the All Progressives Congress (APC), Hon. Peter Edeh, represents Ezza North /Ishielu Constituency, Ebonyi State in the House of Representatives. In this interview with Correspondent, Felix Uka, he said the APC is going to wrest power from the ruling Peoples Democratic Party (PDP) in his home state, Ebonyi, even as he stoutly opposed […]