FAMERS, ready to have some Vegemite with your turkey? If not, then you probably do not want to spend your Thanksgiving with Jay-Z and Bono. In recent Jigga news, Live Nation.com announced that the rap mogul will be joining the rockers from Ireland as a special guest when U2 brings their 360 tour to Australia and New Zealand.
The Aussie leg of the tour is set to begin at Auckland’s Mount Smart Stadium on November 25 with stops in Melbourne, Brisbane and Sydney and makes a final stop at Perth’s Subiaco Oval. Tickets go on sale September 3 with almost 45% of the tickets priced under $100.
U2 just recently resurrected the 360 tour in Turin, Italy this month after taking a brief hiatus to allow frontman and humanitarian Bono to recover from back surgery. Along with sharing the stage, Jay-Z and U2 also share the dubious distinction of being some the richest entertainers in a sagging music industry. F.A.M.E NYC told you that Mr. Carter topped the list of hip-hop’s cash cows in Forbes Magazine, but Forbes also reported U2 was the top grossing band for 2009, earning $300 million with their tour. The 360 tour is also poised become the top-grossing tour in history, outselling the Rolling Stones’ “Bigger Bang” tour, which grossed $558 million in 2005-2007, according to Billboard Boxscore.
Along with giving fans a “best of both worlds” tour bill, these entertainers are solidifying their claim to remain number one next year.
Back in the day when I was rocking my Lee jeans and shell toe Adidas and spinning windmills at house parties, my mind could never fathom that the genre of music that I thought belonged to my generation exclusively would grow to dominate and influence the world, much less be mentioned in Forbes. But it has done just that; despite Gulf Coast oil spills, an on-going war, a wretched global economy and changes within the music industry that have permanently altered the way business is done and new artists are handled, hip-hop is a juggernaut that can not be stopped.
On August 17, Forbes.com released its annual “Hip-Hop’s Cash Kings” list. Brooklyn-born rap mogul Jay-Z (Shawn Carter) was ranked number one raking in $63 million over the past year. Well, it seems that the foundation of “The Roc” was built on moola. But despite having the bragging rights of being hip-hop’s top earner, Mr. Carter is still not the bread winner in his household. That honor goes to his wife Beyonce who pulled in a hefty $87 million, now that is bringing home the bacon. Harlem native Diddy came in at second earning $30 million.
The secret to their earning ability does not just lie in their lyrical savvy. Creating a brand that has several streams of revenue is what keeps these artists from being one-note. For instance, Jigga co-owns the 40/40 nightclub chain and is part owner of the New Jersey Nets franchise. He is also serves as co-brand director for Budweiser Select and is one of the producers for the Tony award- winning Broadway musical Fela!
Rounding out the top five were Akon with $21 million, Lil Wayne with $20 million and Dr. Dre with $17 million. Hip-hop beef maker 50 Cent also appeared on the list at number fourteen grossing $8 million. View the complete list at Forbes.com.