That’s more than every rapper on the list combined! His own record company “Aftermath”, and later created Beats Headphones.ĭre was reported in Forbes 2014 Hip-Hop Cash Kings making $620 million in one year. Dre started off as a member of N.W.A, then started Publishing, motivational speaking, licensing/royalties with patented Such as merchandise, shows, features, ghostwriting, artist development, Think of other ways that you can monetize off your craft You need to understand investing and R.O.I You also need to be business-minded and financially literate “theĪbility to read numbers”.
You are wanting to be a successful rapper you can’t only be an artist. These type of rappers are often lazy because theyįeel like they don’t have to work hard in order to be successful. Of bitterness once they realize things aren’t panning out like they They feel like they are owed success because they are skilled. This causes them to be very prideful which gives How come most rappers never make it? Here are some reasons why.Ī lot of rappers think that if they can rap good then everything willįall into their lap. Let’s get back to the main question at hand. This means that you are being responsible with your money and managing it correctly which also means paying the eye are’a ess! (IRS) lol! Making it simply means that you are able to make a good enough living Record deal and being famous let’s establish what it really means. Now that we have broken the myth that making it means getting a Wayne, Busta Rhymes, Nas, Scarface, Lil Kim & Ja Rule. In order to project the image of success and behind closed doors areįighting off the IRS from tax evasion. Most of their money is made on the road doing shows and selling merchandise. Small percentage of the sales and on top of that many artists are inĭebt to the label because of the cash advances they have already Most artists that are signed to labels make zero dollars off their musicīecause they don’t own their music the label does. Sold over 65 million records worldwide but only brought home anĮstimated $15,000 per year and eventually had to file bankruptcy. The popular rap group “Dirty” was signed to universal records but wasĭead broke and couldn’t even pay their monthly bills. It’s signed artist the artist actually pays for. However, most record labels may give you some money upfront but in mostĬases, this is simply a loan that you have to pay backīefore you ever make one red cent.
Very similar to the contracts you sign when you start a new job. Basically, a record deal is anĪgreement between two parties of what they expect from each other. Don’t Believe The HypeĪnyone can sign you to a record deal. But honestly, neither of those equate to financial stability and here’s why. Never make it? But first, let’s establish what does “make it” mean to you? Maybe you think “making it” means getting a record deal or being famous. With new aspiring rappers popping up every day you may wonder how come most rappers Rapping has never been more popular than it is today.