Rap mogul Dr. Dre has plenty of reasons to smile this week after landing on Forbes‘ Top 25 Highest-Paid Musicians of 2012 list.
According to reports, the Doc’s popular Beats By Dre headphones brand gave him an edge over his competition.
Dr. Dre has finished a 12-month period of robust headphone sales and resurrecting Tupac Shakur in hologram form as Forbes’ highest-paid musician of the year. The hip-hop mogul reportedly earned an estimated $110 million during a scoring period that ran from May 2011 to May 2012. Along with catalog sales and payment for performances like his headlining set with Snoop Dogg at the Coachella fest, Dre hauled in $100 million pre-tax when HTC bought a 51 percent stake in his Beats headphone company last year. (Billboard)
Dre’s status atop the new Forbes list makes him the only rap act in the Top 10.
1. Dr. Dre ($110 million) 2. Roger Waters ($88 million) 3. Elton John ($80 million) 4. U2 ($78 million) 5. Take That ($69 million) 6. Bon Jovi ($60 million) 7. Britney Spears ($58 million) 8. Paul McCartney ($57 million) 8. Taylor Swift ($57 million) 10. Justin Bieber ($55 million) (Forbes)
Notable artists like Jay-Z, Diddy, and Kanye West all managed to snag spots on the list.
10. Toby Keith ($55 million) 12. Rihanna ($53 million) 13. Lady Gaga ($52 million) 14. Foo Fighters ($47 million) 15. Diddy ($45 million) 15. Katy Perry ($45 million) 17. Kenny Chesney ($44 million) 18. Beyonce ($40 million) 19. Red Hot Chili Peppers ($39 million) 20. Jay-Z ($38 million) 21. Coldplay ($37 million) 22. Adele ($35 million) 22. Kanye West ($35 million) 24. Michael Buble ($34 million) 25. Sade ($33 million) (Forbes)
In September, Dre, Jay and Puff all landed on Forbes’ “Hip-Hop Cash Kings” rundown.
With $110 million in pretax earnings, Dr. Dre is this year’s Hip-Hop Cash King–despite the fact that his long-awaited album, Detox, remains on the shelf. He’s not the only one on the list who banks the bulk of his bucks outside the recording studio. Diddy ranks No. 2 with $45 million, thanks mostly to a share of profits from Diageo’s Ciroc vodka; Jay-Z ranks third with $38 million, pulling in more than half his annual earnings from ventures including ownership stakes in cosmetics company Carol’s Daughter, the Brookyln Nets and a joint venture with battery maker Duracell. (Forbes)