hip hop albums sales

In recent years were not a good time to the music industry in terms of album sales. He has taken this genre more difficult than hip hop, which fell by 44 percent in sales since 2000 and accounted for only 10 percent of total music sales. Despite this, the cash yet kept coming in hip hop moguls who went beyond being rappers and became big business time.

In the Forbes list of the kings of hip hop in cash, the top earners were artists not only make records and go on concert tours, were captains of several million head of empires trusted in the whole hip hop and pop culture. These personalities to put his stamp on everything from sneakers to vitamin water, so much so that the marks were already in themselves.

The current upper income source in the hip hop industry is Def Jam Recordings CEO Shawn Carter, better known as Jay-Z. After a pension supposed retirement in 2003 the rapper starred in a recording comeback three years later with his 11th studio album Kingdom Come. The album was well with 680,000 copies sold in its first week, topping the U.S. chart, Billboard.

Album sales are only a small fraction of Jay-Z, although wealth. In March 2007, the rapper earned $ 204 million before tax, in selling his Rocawear clothing label to Iconix Brand Group. Still be managed the marketing, licensing and product development for the label and other pocket 35 million U.S. dollars if the brand works well for the next three to five years.

The business-savvy rapper is also co-owns the 40/40 Club franchise, an elegant sports bar and a small stake in the NBA team New Jersey Nets. In October 2006, was named co-brand director for Budweiser Select after "was included in an advertisement for Anheuser Busch. Also earns about $ 13 million annually for the distribution of Scottish vodka Armadale. Its revenue for 2006 was estimated at $ 34 million. However, the richness of Jay-Z, from 2007 amounted to $ 547 million.

Sean Combs, now known simply as Diddy after a series of name changes, is the second most richest hip hop artist, but finished third in the Forbes list of hip hop top employees for 2006. With an estimated net worth of $ 358 million, Diddy rules over an empire formed by the label Bad Boy Records, the clothing line Sean John, unforgivable cologne, and two restaurants called Justin. Forbes put his earnings for 2006 at $ 28 million.

Another millionaire hip hop with an estimated value of $ 200 million is 50 Cent. His G-Unit includes a clothing company, a brand of shoes sports, video games and a line of fiction. He also had 10 percent of Glaceau, a line of beverages. When Coca-Cola bought the brand of 4.1 thousand million dollars, 50 Cent has reportedly received $ 100 million (before taxes). The rapper also owns a line of condoms and are involved in a film series. He landed at number two on the Forbes list with 2006 revenue of $ 32 million.

Time magazine once the hip hop brand as capitalism with a bang. If so, then these rhymes are millionaires in charge of it.

About the Author:

Kristien Wilkinson is an online writer and contributor to http://www.hiphop.net”>http://www.hiphop.net””>http://www.hiphop.net

Article Source: ArticlesBase.com – Cashing in on Hip Hop

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