Dr Dre Tops Forbes Musicians Rich List With US$620 Million

Dr Dre Overtakes Diddy To Top List Of Highest Earners In Hip-Hop
Dr Dre

AFRICANGLOBE – Having dominated Forbes Hip-Hop Cash Kings list a few months back, Dr Dre has gone on to top the magazine’s 2014 World’s Highest-Paid Musicians list, effortlessly beating out second-placed Beyonce by about half a billion dollars.

The 49-year-old rapper, producer and entrepreneur’s whopping $620 million haul is the highest amount ever raked in by a musician in a single year.

Dre (real name Andre Romelle Young) profited handsomely in May from the sale of the Beats headphone company he co-founded and sold to Apple for a cool $3 billion.

Dr Dre previously bagged the top spot for musicians in 2012 when Forbes estimated his earnings at $110 million – chickenfeed when compared to this year’s loot.

The $115 million that put Queen Bey in second place represented the Drunk in Love singer’s most lucrative year to date, thanks to her Mrs Carter Show world tour, surprise album drop and numerous endorsements including Pepsi and H&M.

The Eagles finished third and were the only other act to reach the nine-figure mark with earnings of $100 million due largely to their History Of The Eagles tour.

Bon Jovi marked the 30th anniversary of their first eponymous album with 2014 earnings of $82 million, courtesy of the last laps of the Because We Can tour that grossed about $250 million in total.

Perennial rocker and still “The Boss” at 65, Bruce Springsteen rounded out the top five with $81 million as he continues to tour with the E Street Band, raking in more than $4 million nightly.

The Eagles, Bon Jovi and Springsteen all benefited from successful arena tours with relatively simple and inexpensive staging that helped keep costs down and profits up.

Each of the three legacy acts earned twice as much as younger musicians on the list, including Katy Perry with $40 million, Miley Cyrus with $36 million and Lady Gaga with $33 million.

The only acts under age 30 to make the top 10 were Justin Bieber, 20, with $80 million and boy-band One Direction with $75 million.

In forming its top 30 list, Forbes considered income from touring, music sales, publishing, merchandise, endorsements and various other ventures based on the June
2013-June 2014 fiscal year.

Kanye West, Lil Wayne, Britney Spears, Avicii, Madonna, Macklemore, David Guetta, Tiesto and Birdman all missed the list but were named as close-calls.

Forbes World’s Highest-Paid Musicians 2014:

1. Dr. Dre ($620 million)
2. Beyoncé ($115 million)
3. The Eagles ($100 million)
4. Bon Jovi ($82 million)
5. Bruce Springsteen ($81 million)
6. Justin Bieber ($80 million)
7. One Direction ($75 million)
8. Paul McCartney ($71 million)
9. Calvin Harris ($66 million)
10. Toby Keith ($65 million)
11. Taylor Swift ($64 million)
12. Jay Z ($60 million)(tie)
12. Diddy ($60 million)(tie)
12. Bruno Mars ($60 million)(tie)
15. Justin Timberlake ($57 million)
16. Pink ($52 million)
17. Michael Bublé ($51 million)
18. Rihanna ($48 million)
19. Rolling Stones ($47 million)
20. Roger Waters ($46 million)
21. Elton John ($45 million)
22. Kenny Chesney ($44 million)
23. Katy Perry ($40 million)
24. Jason Aldean ($37 million)(tie)
24. Jennifer Lopez ($37 million)(tie)
26. Miley Cyrus ($36 million)(tie)
26. Celine Dion ($36 million)(tie)
28. Muse ($34 million)(tie)
28. Luke Bryan ($34 million)(tie)
30. Lady Gaga ($33 million)(tie)
30. Drake ($33 million)(tie)