Many musicians are happy just creating music and enjoying the lifestyle that being a famous musician provides. However, a lot of pop, rap & rock stars have interests beyond music, including a passion for entrepreneurship.
Here is a list of the 25 most impressive musician entrepreneurs. While its tough to compare people in different fields, here are some of the factors that weighed heavily for these rankings:
Diversity. When it comes to musicians, there are certain ventures that are more popular than others (as evidenced by the number of clothing lines youll see below). Bonus points for anyone willing to try something unique.
The artists DIY attitude. In other words: How personally involved are they in these entrepreneurial ventures? Do they take an active role, or do they just lend out their name and let others do the dirty work?
Pharrell Williams made a name for himself producing, but he also released hits with his group N.E.R.D. Known for his fashion as well as his music, Pharrell started both a clothing line (Billionaire Boys Club) and a footwear line (Ice Cream). These ventures uniquely fuse rock, hip hop and skateboarding culture.
A natural businessperson, Moby is known for his progressive attitude toward licensing songs. He was instrumental in lessening the sell-out stigma once frequently attached to artists who licensed songs to commercials.
Bono also unveiled his own clothing line in 2005. The line of blazers, t-shirts and jeans was created by Bono, his wife Ali, and designer Rogan. The clothing line was designedto providejobs and money for impoverished citizens of Africa.
In addition to being an entrepreneur, Beyonc also makes a ton of money from sponsorships with companies such as Pepsi, LOreal, Emporio Armani, Samsung, American Express and DirecTV. Her net worth is currently in the neighborhood of $300 million.
Wentz is also an author, having published a fictional book titledThe Boy With The Thorn In His Side. Last year, Wentz opened a bar in Manhattan called Angels & Kings. He plans on putting out another book and opening a hair salon in the near future.
Master Ps career has cooled down considerably since the 90s, and No Limit was reorganized in 2004, but Miller is still involved in many entrepreneurial ventures. He is currently developing a video game, and he also releases music via a new label, Guttar Music. Miller co-founded Guttar Music along with his son Romeo, who is a freshman at USC.
In 2004, Jay-Z sold his stake in Roc-A-Fella and became President and CEO of Def Jam Recordings, where he remained until a few months ago. Jay is also part owner of the New Jersey Nets, and the 40/40 Club in New York City. Currently worth over $500 million, Jay-Z shows no signs of slowing down.
Bad Boy is now an empire worth hundreds of millions, and Diddy has set up many other ventures. His Sean John clothing line is extremely popular and worth millions. HisUnforgivablefragrance, launched in 2006, sells for roughly $70 a bottle. He serves as CEO of Blue Flame Marketing and Advertising. Last year, Diddy signed a deal with Diageo PLC to promote Ciroc Vodka. Hell have a major role in the vodkas branding and marketing, and hell split profits 50-50. Diddy also created (and appears on) the TV series Making Da Band. In 2004 he acted in the Broadway play A Raisin in the Sun, and he recently starred in the Made-For-TV version of the play. Diddy also owns restaurants in New York and Atlanta (named Justins, after his son). And ifthatsnot enough, Diddy holds the honor of having designed the Dallas Mavericks green alternate jerseys. All of this amounts to a net worth of roughly $350 million.
While music critics might tell you Diddy cant rap, few people will deny that hes a truly amazing businessperson. As Diddy himself once said, Dont worry if I write rhymes I write checks.
Let us know what you think. Who is the best musician entrepreneur, and what other musicians deserve to be on the list?
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