Dr. Dre Pushes Sean Combs From Top Of Forbes’ ‘Highest Earners In Hip Hop’ List
Move over Puffy. There’s a new top earning hip-hop mogul in town. The sale of Beats by Dre to Apple for an astronomical $3 billion boosted Dr. Dre to the top of Forbes list of highest earners in hip hop. In fact, the former NWA rapper and veteran producer is now the “highest earner of any musician ever evaluated by Forbes,” reports The Guardian.
Dre had estimated pre-tax earnings of $620 million and with this he pushed Sean “Diddy” Combs from the top spot. According to Forbes, Dre’s estimated annual earnings for the 12 months between June 2013 and 2014 are the highest of any musician in not just rap but in any genre it has ever evaluated. His earnings are more than the combined earnings of the other 24 names on the recently released hip-hop list.
Dre, 49, had major money injected into his earnings from the sale of Beats, the high-end audio company he co-founded with music executive Jimmy Iovine. Dre also earned money from other ventures, such as Cognac and vodka brands.
Combs, 44, was knocked down to second place, where he tied with Jay Z, 44, with $60 million. Combs’ total was due to beverages, clothing and television deals. As we reported, his Revolt TV venture is having expansion issues and is seeking additional funding.
Jay Z’s bottom line had a major boost from his live performances last year, most of which were with his wife, Beyoncé, on their first-ever joint tour, “On the Run.” His latest album and his Roc Nation entertainment empire were also moneymakers.
Drake, 27, was fourth with $33 million, with earnings from his album Nothing Was the Same, an endorsement deal with sportswear firm Nike, and a concert tour.
Rounding out the top five are the Grammy-winning duo Macklemore & Ryan Lewis, with $32m.