(Forbes) Who Will Be Hip-Hop’s First Billionaire?
INVESTING | 9/22/2011 @ 1:19PM |20,952 views
Yesterday marked the launch of the Forbes 400, our annual list of America’s richest citizens. Headed by Bill Gates, Warren Buffett and Larry Ellison, the group doesn’t include any hip-hop artists–yet.
There are five artists on our watch list: Sean “Diddy” Combs (featured in this year’s issue), Shawn “Jay-Z” Carter (who appeared on the cover of last year’s, alongside Warren Buffett), Andre “Dr. Dre” Young, Bryan “Birdman” Williams, and Curtis “50 Cent” Jackson. All five already boast nine-figure fortunes, and in honor of the Forbes 400, we’ve updated our estimates. The big question: who will be the first to a billion?
“I think Young Money Cash Money would be the first billion-dollar brand in hip-hop,” said Birdman in an email message, referring to his record label. “We strong and growing every day as a brand and fast. Within the next few years we will be billionaires.”
To be sure, there are differing opinions on the matter. By FORBES latest count, Diddy is currently the closest, with an estimated net worth of $500 million. He’s taken to calling himself “Ciroc Obama,” and with good reason: his vodka deal with beverage giant Diageo could soon land him in some very exclusive company.