It’s that time of the year again, with Forbes issuing their annual Cash Kings list. Usual suspects, Puff, Jay Z, and Dr. Dre round out the top three slots, with little of their revenue coming from actual record sales. The trends of endorsements, licensing, and of course, overpriced headphones, looks to still be generating vast amounts of money.
There are also some big surprises. How Nicki Minaj clocked in at number 4, with $29 million is beyond me. Ludacris also sold $12 million worth of Soul headphones/Beats knockoffs, and King Kendrick Lamar had a successful year of touring (and of course a very successful major label debut) to crack the Forbes list for the first time at slot number 14. Lil Jon also raked in $6 million from DJing over 100 shows through the year (and presumably from leftover royalties on “Get Low”).
The other notorious tourer, Tech N9ne banked $7.5 million through concert tickets, and merch sales, despite still never selling a single major-label record in his career. On a related note, he also admitted to marking up shirts that cost just $3 to manufacture, up to $25. That’s over 700% in profit margin. Think about that one before you go shelling out your money for artist merchandise the next time you go to a show.
The complete Cash Kings 2013 list is below:
1. Diddy, $50 million
2. Jay Z, $43 million
3. Dr. Dre, $40 million
4. Nicki Minaj, $29 million
5. Birdman, $21 million
6. Kanye West, $20 million
7. Lil Wayne, $16 million
8. Wiz Khalifa, $14 million
9. Ludacris, $12 million
10. Pitbull, $11 million
11. Drake, $10.5 million
12. Snoop Lion, $10 million (tie)
12. Eminem, $10 million (tie)
14. Kendrick Lamar, $9 million (tie)
14. Pharrell Williams, $9 million (tie)
14. Macklemore & Ryan Lewis, $9 million (tie)
17. Swizz Beatz, $8.5 million
18. Tech N9ne, $7.5 million
19. 50 Cent, $7 million
20. Lil Jon, $6 million (tie)
20. Rick Ross, $6 million (tie)
20. Mac Miller, $6 million (tie)
20. Young Jeezy, $6 million (tie)
20. ?uestlove, $6 million (tie)
I want more like this!
Follow us on Facebook and get the latest before everyone else.