August 19, 2008 03:05:58 GMT
Having pocketed 150 millions dollars, 50 Cent pushes down Jay-Z from the throne of 2008 Forbes Hip-Hop's Cash King list.
Curtis "50 Cent" Jackson has taken top spot of Forbes' annual list for Hip-Hop's Cash King from Jay-Z's hand. This year, 50 Cent leads the spot on the list with an estimated total wealth of over $150 million, almost twice from Jay-Z's earnings.
Signing a $100-millions deal with Vitamin Water, 50 Cent has shifted Jay-Z from the hot spot to runner-up by $18 million cash gap. His other huge investments include album sales, clothing sales for his label G-Unit, video games, and a mining partnership with a billionaire from South Africa Patrice Motsepe.
Sliding down one place, Jay-Z lingers at second spot with $82 millions earnings. He gets much of his money from his last album "American Gangster", which has been sold over 1,450,000 copies worldwide since it has been released in November 2007. Furthermore, he has also pocketed profits from his stakes in the New Jersey Nets and endorsement deals with Dell and Budweiser.
Meanwhile, twice in a row, rapper P. Diddy takes number three on the list. He has banked $35 million from his album sales, his record company Bad Boy and clothing line Sean John which won Council of Fashion Designers of America (CFDA) Awards in 2004. Besides that, he also got his money from reality TV shows and alcohol brand Absolut Vodka which sign him as their icon.
Top 10 of Forbes' 2008 Hip-Hop's Cash King: