Diddy About His Business, Named Hip-Hop's Top Moneymaker in 2005
Diddy raked in $24.3 million all thanks to selling his Bad Boy Records to Warner Music Group and earnings from his Sean John clothing line.
50 Cent stood three spots away at No. 19 with $19.7 million. According to Rolling Stone, 50 made at least $10 million from his G-Unit clothing line, video game deal, Reebok sneaker deal and his Get Rich or Die Tryin' paycheck. 50 also shared ticket sales from the "Anger Management" Tour with Eminem, where they each earned around $5 million.
Em and Dr. Dre, who stood at No. 21 and No. 26 on the list with earnings of $17.8 million and $16.9 million, respectively, also shared into 50's record profits thanks to interlocking label deals.
Sitting at No. 22 with $17.5 million, Jay-Z took home as much as 3 million from his presidential duties at Island Def Jam. Hov also took a cut from the company's $10 million buyout of Roc-A-Fella Records and also earned from his Rocawear clothing line.
Kanye West held down the fort at No. 25 with $ 16.9 million. Half of 'Ye's earnings came from his "Touch the Sky" Tour.
The top fourteen spots on the list were occupied by rock and alternative groups who made a substantial amount of their earnings from touring. U2 took the No. 1 spot with $154.2 million.
In related news, Diddy will be showing off his culinary skills this April on NBC's latest reality show "Celebrity Cooking." The five-night reality miniseries will pair professional chefs with celebrities for a three-course cook-off.