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.
#6 – Eminem: made $31 million from royalties and touring
#7 – Kanye West: made $22 million from royalties, production, touring, and an endorsement deal with Adidas.
#8 – Wiz Khalifa: made $21.5 million from record sales, touring, and an endorsement deal with Converse
#9 – Nicki Minaj: made $21 million from record sales, touring, and endorsement deals with Adidas, MAC Cosmetics and Pepsi.
Celebrity Rags to Riches
1. Viola Davis1 of 18
2. Tasha Smith2 of 18
3. Tyler Perry3 of 18
4. Mariah Carey4 of 18
5. Celine Dion5 of 18
6. Snoop Dogg6 of 18
7. Jay-Z7 of 18
8. Oprah Winfrey8 of 18
9. Sarah Jessica Parker9 of 18
10. Chris Gardner10 of 18
11. Mary J. Blige11 of 18
12. Curtis Jackson aka 50 Cent12 of 18
13. Colin Powell13 of 18
14. Jim Carrey14 of 18
15. T.I.15 of 18
16. Bill Cosby16 of 18
17. J.K. Rowlings17 of 18
18. Hillary Swank18 of 18
(Photo Source: PR Photos)