Hamptons Hip-Hop Multi-Millionaires

jay-z-suit_0No shocker that Jay-Z, Puff Daddy and Kanye are all here on “The World’s Top 10 Richest Hip-Hop Artists” compiled by http://www.billionaire.com. I am a bit surprised though that I didn’t find Russell Simmons anywhere on it.

Also not on the list, Public Enemy frontman Flavor Flav, whose Favor Flav’s Chicken & Ribs restaurant chain failed to make any dough. Several years ago, he was seen wandering around the mean streets of Quogue wearing his telltale oversized clock necklace.
Of course, no women are on the list at all. Sigh.

For those who don’t feel like clicking on the link, Number 1 is Andre Romelle Young, aka Dr. Dre, whose Beats Electronics headphones company just sold to Apple for $3 billion. I don’t know of a direct Hamptons connection but perhaps that will change now that the already wealthy Comptons-born rapper has a whole lot more coin to spend.

Here are the details for Number 2–Sean John Combs, aka Puff Daddy–number 3–Shawn Corey Carter, aka Jay-Z–and number 8–Kanye Omari West, aka Yeezus.

From Billionaire.com:

* Sean John Combs, 44
Net worth: $630 million
Sideline businesses: Owns cable TV network Revolt and lifestyle fashion brand Sean John; stakeholder in Ciroc Vodka.
Philanthropy: Donated $250,000 to the Howard University’s School of Business (which gave him an honorary degree after he dropped out); ran the New York City Marathon, raising $2 million for charities, including New York’s public schools, children suffering from AIDS, and his own charity to promote social programmes; on the board of the Hip Hop Summit Action Network not-for-profit organisation for education advocacy and youth empowerment.

* Shawn Corey Carter, 44
Net worth: $500 million
Sideline businesses: Owns sports-bar chain 40/40 Club; an investor in Israeli wireless tech company Duracell Powermat; and a stakeholder in fragrance firm Perfumania.
Philanthropy: Owns the Shawn Carter Scholarship Foundation, which has awarded scholarships worth $1.1 million to 750 students; pledged $1 million to the American Red Cross relief effort post Hurricane Katrina; pledged US$5,000 each to six schools in New York and New Jersey, and $5,000 to The 100 Mile

* Kanye Omari West, 36
Net worth: $110 million
Sideline businesses: West’s other ventures are mainly fashion lines, including collaborations with Nike, Adidas and Louis Vuitton.
Philanthropy: The Kanye West Foundation closed in 2011, reportedly due to lack of actual donations; has appeared at fundraisers and done community work for Hurricane Katrina relief and other foundations.


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