Showing posts with label forbes (magazine). Show all posts
Showing posts with label forbes (magazine). Show all posts

Jay-Z and Beyonce raked Music's Most-Powerful couple by Forbes

Sunday, August 21, 2011

By The Music Scoop
JR Staff Writer

It took Jay-Z and Beyonce forever to announce their relationship. Due to Jay-Z being so much older than Beyonce, they kept things under wraps. Three years ago, they made things official and got married.

Jay-Z has risen from being a rapper to being a hip hop mogul, to now being one of the savviest businessmen ever. Each year, Jay-Z makes tens of millions of dollars, as does Beyonce.

Last year, Jay-Z and Beyonce ranked second on Forbes' Highest Paid couples list. This year, Forbes has ranked them the most-powerful couple in music. Not only do they make the most money, but they also sell the most records.

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Diddy to become Hip Hop's first Billionaire

Thursday, March 17, 2011

By Mr. Hollywood
JR Staff Writer

A recent article in Forbes magazine made a bold prediction about hip hop's current cash king. Diddy was the first hip hop businessman to be featured in the renowned business magazine in the 1990s. Years later, he would be joined by Jay-Z, who had surpassed him by 2005.

Diddy has been coming in second to Jay-Z for years, but he regained his title last year. From the start, Diddy had plans of taking the corporate world over and he currently runs several profitable businesses under the Bad Boy umbrella. The company includes film, music, clothing, and restaurants.

Recently, Diddy made new deals, which will bring in more of the profits for himself. He moved his Bad Boy Records from Atlantic Records to a more flexible deal with Interscope Records. While transitioning his record label, Diddy secured more deals with his production company, Bad Boy Films, which produces "Run's House." Aside from his media ventures, Diddy has other investments, which have paid off for him over the past few months. Sean John has continiously been profitable ever since its 1998 launch.

The longevity of Diddy's various businesses have kept him going over the years. At times, he has been behind in the cash kings list, but Diddy seems prepared to win in the long run. Forbes has predicted Diddy is likely to become hip hop's first billionaire.

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