Def Jam Records co-founder Russell Simmons has shared his reaction and analyzed this year’s Forbes Cash Kings list which includes Jay-Z, Diddy, Lil Wayne and Drake.
Aside from breaking down a few of the chart toppers, Simmons also said each artist’s ;ove for the music has helped fuel their careers.
“Jay-Z, he’s very talented, he’s a great artist and he’s a good businessman, and an inspiration to a lot of kids in Brooklyn and around the world,” Russ said in an interview. “‘If you ain’t drinking Ciroc, then you’re drinking piss.’ [laughs] All right, that’s Puff. Lil Wayne, yeah, I’d expect he’d make a lot of money. He does good work in his community — I’m not surprised by Drake or Gucci Mane. Only focus on your craft, because everything else is a waste. If you can’t focus on your craft and be happy, then, what are you doing it for?” (Forbes TV)
Both Jay and Diddy reclaimed their thrones atop the prestigious list this year.
Forbes released their annual hip-hop cash king list today and at the top of the pile is Jay-Z. They estimate Hov grossed $63 million last year. Rounding out the top five are Dr. Dre ($17 million), Lil Wayne ($20 million), Akon ($21 million) and Diddy ($30 million) (Rap Radar)
Artists/Entrepreneurs who also made the cut included Ludacris, Snoop Dogg and Timbaland.
6. Ludacris, $16 million. 7. Snoop Dogg, $15 million. 8.Timbaland, $14 million. 9. Pharrell Williams, $13 million. 10.Kanye West, $12 million. 11. Drake, $10 million. 12. T.I., $9 million. 13. Eminem $8 million 14. 50 Cent, $ 8 million 15. Young Jeezy (Forbes)
Jay led last year’s Forbes‘ list with an estimated $35 million in sales from mid-way 2008 to 2009.
Hova raked in a reported $35 million starting in June 2008, from touring and other business ventures. Although his earnings were down substantially from last year’s $85 million, he still managed to edge out fellow mogul Sean “Diddy” Combs, who came in at No. 2, with $30 million. Third place went to Kanye West with a respectable $25 million, earned through profits from his ‘808’s and Heartbreaks’ album and ‘Glow In The Dark’ tour. 50 Cent landed at No. 4 with approximately $20 million, a steep drop from $100 million in 2007. (The Boom Box)
Check out Russell Simmons’ video down below: