Why Hip Hop Has no Billionaires..

[TDowl]

http://www.makinitmag.com/blog/nw-7-...o-billionaires

[Mosiah]

Interesting!

Now that the white boys have stolen rap, we might soon have that billionaire in hip hop!

[Hortical]

Always easy to throw the racism card in the mix. Are there any rock artists who are billionaires, Paul McCartney or Mick Jagger?

[Mosiah]

McCartney is actually worth over a billion dollars.

Nothing wrong with looking at issues from a racial standpoint, because that is what society does. If you don't address it, how do you deal with it to bring about change?!?

[Islandman]

Hip hop is a relatively young music form. In my view it has done quite well and retained more value for its practitioners than other black music genres . How many R&B artistes are close to being billionaires? How many funk and blues artistes?

Jagger and McCartney have been at this for almost 50 years and had a more natural captive audience. Let's be realistic here, what Dre, JayZ, Diddy and others have done is quite impressive.

Some of what the article said is undoubtably true and stunts black economic power in every facet of life. I was recently reading a Garvey speech about how blacks in Harlem were profiling during the shortage of labor and increased labor rates resulting from WW 1 war production and at the end of the war had nothing to show for it. Not much has changed.

[Comment]

Always easy to throw the racism card in the mix. Are there any rock artists who are billionaires, Paul McCartney or Mick Jagger?

exactly...good point. it is not about racism...it is about investment strategy(on the part of the investors) risk and value.

why pay someone more than you have to. in other words...why give royalties if the artist agrees to a deal without them?

[Comment]

McCartney is actually worth over a billion dollars.

Nothing wrong with looking at issues from a racial standpoint, because that is what society does. If you don't address it, how do you deal with it to bring about change?!?

and Paul McCartney is not worth over a billion dollars either declared by him or valued by Forbes.

And in any case no matter what you value him, he has not earned anywhere like a billion dollars from his music or investments or opportunities derived from his music...which is the essential point.

[Rockman]

I think the problem has to do with wealth sharing ,the industry is making billions,Michael Jackson said he made billions for.....