Dr Dre named world's richest hip-hop artiste after Beats buyout

Dr Dre named world's richest hip-hop artiste after Beats buyout

Hip-hop artiste Dr Dre has topped Billionaire.com's list of the top 10 wealthiest hip-hop artists with an estimated net worth of US$790 million (S$990.3 million).

The 49-year-old knocked Puff Daddy, also known as P. Diddy and Diddy, to second spot following the US$3-billion sale of his music streaming and audio equipment maker Beats to tech giant Apple.

Beyonce's husband Jay-Z is third on the list with an estimated net worth of US$500 million.

Billionaire.com based the ranking on data compiled by intelligence provider Wealth-X.

The website noted that many of those in the list are also major philanthropists, with the main givers being Jay-Z, Puff Daddy and Eminem.

Said editor-at-large Tara Loader Wilkinson: "Huge fan followings, vast wealth and eminent marketability means that these high profile individuals make ideal philanthropists."

"Many are using their position to launch foundations and charities that they feel passionate about, and becoming philanthropic role models as well as hip-hop idols."

Here are the top 10 richest hip-hop artistes in the world:

1. Andre Romelle Young, aka Dr Dre

Net worth: US$790 million

Age: 49

Sideline business: Co-founder of extremely valuable headphones company Beats Electronics.

Philanthropy: With business partner Jimmy Iovine, Young donated US$70 million to establish The Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation at the University of Southern California.

2. Sean John Combs, aka Puff Daddy and P. Diddy

Net worth: US$630 million

Age: 44

Sideline businesses: Owns cable TV network Revolt and lifestyle fashion brand Sean John; stakeholder in Ciroc Vodka.

Philanthropy: Donated US$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 US$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.

3. Shawn Corey Carter, aka Jay-Z

Net worth: US$500 million

Age: 44

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 US$1.1 million to 750 students; pledged US$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 US$5,000 to The 100 Mile Man Foundation; and supports a host of other community and educational charities.

4. Curtis James Jackson III, aka 50 Cent

Net worth: US$240 million

Age: 38

Sideline businesses: Owns G-Unit Clothing; has released several PlayStation games; and has appeared in films, including the semi-autobiographical movie Get Rich or Die Tryin'.

Philanthropy: Founder of the G-Unity Foundation; supports Shriners Hospital for Children and the New York Restoration Project.

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