Sat, 10 Jun 2023

7 Musicians Who Created a Business Empire

24 May 2023, 13:40 GMT+10

Did you hear Jay-Z and Beyonce just bought the most expensive home ever sold in California? They spent about $200 million on a 30,000-square-foot house situated right in the middle of Malibu.

The fact that Jay and Bey could afford a home like this shouldn't come as any big surprise. They've each created their own business empire over the last 25 years and then put them together by tying the knot. It gave them one giant music empire that is worth hundreds of millions, if not billions, of dollars.

Here are seven other musicians who created business empires that are each worth a fortune.

  1. Kanye West

Once upon a time, Kanye West played a key part in Jay-Z's up-and-coming business empire. Ye was actually signed to his Roc-A-Fella Records record label as a musical artist. You can read more about Jay's time as an early entrepreneur in this insightful RESULTSANDNOHYPE article.

But Mr. West would eventually branch off and start his own musical empire. It included his own record label, G.O.O.D. Music, as well as his own fashion and sneaker lines. These things have all helped him flirt with the idea of becoming a billionaire.

  1. Diddy

There aren't too many other rappers who can give Jay-Z a run for his money when it comes to, well, making money. But Diddy is definitely one of them.

Diddy, a.k.a. Puff Daddy, first made a name for himself by starting Bad Boy Records and helping launch the careers of everyone from Craig Mack and Notorious B.I.G. to Lil Kim and Mase.

Diddy has also started a successful Sean John clothing line, helped turn Ciroc Vodka into a household name, and carved out a career for himself in Hollywood along the way. All of this has helped him keep pace with Jay-Z over time.

  1. 50 Cent

You could make the argument that 50 Cent had the most successful run of any rapper back in the early 2000s when he first emerged on the scene. His debut album, Get Rich or Die Tryin', is widely considered a classic, and he enjoyed quite the moment right before and right after it was released.

50's buzz has since died down, but it hasn't prevented him from transforming himself into a rap mogul. His business acumen is the reason why he's often mentioned in the same breath as the Jay-Zs, Kanyes, and Diddys of the world.

From the insane Vitamin Water deal he signed early on in his career to all the TV shows and movies he's appeared in and produced, 50 has a business empire that can't be matched by most others.

  1. Jennifer Lopez

To be honest, we could sit here and name five more rappers who deserve to be mentioned on this list (hey, Snoop Dogg, Master P, and Ludacris!). But we want to make sure we point out that rappers aren't the only musicians who have created business empires.

Other musical artists like Jennifer Lopez have done it, too. Once upon a time, J-Lo was little more than a rising singer/actress who seemed like she might have a moment and then fade away.

But that didn't happen. Over the last three decades, she has appeared in countless movies, released a handful of albums, and used her success in music and movies to launch jewelry lines, fragrance lines, and more.

And she isn't done yet. J-Lo continues to star in movies to this day and also has yet another new album on the way soon.

  1. Justin Timberlake

There aren't too many former boy band members who can say they've put together business empires. Most boy bands come and go, and their members struggle to build on whatever personal success they were able to enjoy at the height of their popularity.

But Justin Timberlake is built differently. Even though there are still some people who associate him with NSYNC, he's managed to break out of that mold for the most part.

He's now a successful solo artist, a bonafide movie star, and an entrepreneur who has had a hand in releasing a clothing line and making other major business moves.

  1. Madonna

Believe it or not, it's been about 40 years now since Madonna was owning the pop charts and running the world. But she's still one of the most successful musical artists, male or female, ever.

Madonna isn't quite as active in the music world as she used to be (though she is touring right now!). But she's continued to work hard behind the scenes to keep her business empire going. It has included a publishing company, an entertainment company, a clothing company, and so much more.

  1. Dr. Dre

If the only thing Dr. Dre ever did was help jumpstart the West Coast rap movement back in the 1990s, it might have helped him build a business empire. But Dre went above and beyond doing just that and created an even more impressive empire in the process.

From signing artists like Eminem and 50 Cent to coming up with the ever-popular Beats By Dre headphone line, Dre has played a role in so many culturally significant moments. It's why his business empire has kept on growing over the last 30 years and hit a point that has turned Dre into so much more than just a musical mastermind.

Creating a Business Empire Isn't Easy

Don't let Jay-Z, Kanye West, Diddy, Jennifer Lopez, Madonna, or the other musical artists mentioned here fool you. Using a musical career to set up a business empire is not easy.

It took every musical artist on this list years and, in some cases, decades to build a business empire from scratch. It's what makes their accomplishments even more impressive than they would already be.

Read more entertainment articles like this one by browsing through the rest of our blog.

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