#Damon dash net worth forbes movie#
#Damon dash net worth forbes pro#

'It's great to see all those guys getting behind these young kids. , president of Blue Flame Marketing and Advertising, which is part of the $300 million (revenue) Bad Boy Entertainment, sees potential in It's harder to get played on the radio, and there are distractions from cell phones and TV,' saysīut not every artist has what it takes to become a mogul. 'Especially with younger audiences, there's a huge battle for a share of their wallet, eyes and ears. Throughout the music industry, artists are branching out and looking for incremental opportunities to grow their business and make more money. , owner of the Bad Boy Entertainment conglomerate (see ' Bling-Bling Ka-Ching').Īccording to market research firm NPD Group, hip-hop CD sales hit $1 billion in 2003, due largely to top sellers from , the owners of the Roc-A-Fella kingdom, to 'The reason why he is so successful is because of the arrogance of the established companies,' says Griffin.Īlthough Simmons was the first, his road to success has been followed by many others, from Entrepreneurs ended up dominating the industry. At that time, rap artists were selling music out of cars and at parties. He andįounded Def Jam Recordings in 1984 in a New York University dorm room with a $5,000 investment. He recently sold his apparel company, Phat Fashions, toįor $140 million, but will remain CEO. The original hip-hop mogul, has his hand in every piece of the pie, from apparel to cell phones to videogames. The Russell Simmons' empire is well placed to garner a big chunk of that. According to SLMG's research, this group has $1 trillion in spending power. SLMG says its customer base is the 45 million hip-hop consumers between the ages of 13 and 34, 80% of whom are white. Hip-hop has grown well beyond the urban market since the genre's first hit, 'Rapper's Delight,' was released in 1979. Its most recent venture is a nationally syndicated radio show, 'Russell Simmons' Hip-Hop Laws of Success.'

#Damon dash net worth forbes movie#

Their works include 'Def Poetry' on Broadway, The Steve Harvey Show and The Parkers on TV and the Tupac Shakur movie Gridlock'd.

, produces and distributes urban/hip-hop media content. Griffin's firm, which is a partnership with hip-hop entrepreneur 'It's something you are, the way you look.' , president and chief executive of Simmons Lathan Media Group (SLMG).

'It's not just music, but a culture,' says They see publicly traded hip-hop companies and even a hip-hop entrepreneur rivaling Ralph Lauren or Oprah Winfrey on our list of the World's Richest People. 22, 2023.Visionaries foresee hip-hop-inspired housewares, furniture, linens, food, writing instruments and even a special hip-hop DVD section at Net worths are sourced from Celebrity Net Worth unless otherwise noted and are accurate as of Feb. Jami Farkas contributed to the reporting for this article. Is a Credit Card Balance Transfer Right for You?.Safeguard Your Retirement From Economic Turbulence.

#Damon dash net worth forbes pro#

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He is often quoted as saying that he's not a 'businessman, (he's) a business, man.' He also has multiple lucrative endorsement contracts. He sold a significant majority share of Tidal, his music streaming service, to financial services provider Square for nearly $300 million in 2021. The company rights were sold to Iconix Brand Group for $204 million in 2007. He co-founded Rocawear clothing with Damon Dash, who later left the business. Jay-Z, born Shawn Carter, is a rapper, songwriter and entrepreneur as well as a record, film and television producer. Image Credits: Chelsea Lauren/Shutterstock Some have even crossed over into the elite ranks of billionaires.Ĭlick through to find out which of your favorite musicians are making the big bucks. While you probably expect some of the musicians on this list to be wealthy, you might be surprised to find out that they're all worth at least multiple hundreds of millions. Read: 3 Things You Must Do When Your Savings Reach $50,000

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But beyond the glitzy lifestyles, world tours, and pomp and circumstance that come with being a music star, how much are these celeb performers actually worth? In some cases, they're worth much less than you might have thought - and in other cases, so much more. It's no surprise then, that Swift and Springsteen appear on GOBankingRates' list of 25 of the richest musicians today. Taylor Swift and Bruce Springsteen have packed up the tour buses in 2023, hitting the road for a collection of highly anticipated concerts in sold-out venues this year.