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Record Guru Topples McCartney in Rich List


A reclusive record executive dubbed “the Howard Hughes of the music business” has toppled Paul McCartney to become Britain’s wealthiest music millionaire in the latest list of the rich and famous. Clive Calder, the mastermind behind such stars as Britney Spears and ‘NSync, rocketed to number one in the Sunday Times music industry list after selling his independent Zomba label to German media giant Bertelsmann AG. “He is the Howard Hughes of the music industry,” said the list’s author Philip Beresford who put Calder top with an estimated worth of 1.23 billion pounds ($2.28 billion). “We have scoured the world… Read more »

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P. Diddy Is Top Entertainer On 'Fortune' List


Hip-hop’s Sean “P. Diddy” Combs is still at the top of his game. He’s the richest entertainer on Fortune magazine’s first annual 40 Under 40 list, which is made up of 40 people in music, books, movies, videogames and TV who’ve become multi-millionaires before their 40th birthday. The 32-year-old Combs ranked Number 12 and was listed as having earned $293.7 million on the list. P. Diddy is a rapper, producer and the owner of several businesses. His empire includes Bad Boy Entertainment, clothing line Sean John, Blue Flame Marketing and Advertising, and Justin’s restaurants, and he’s also the creative genius… Read more »

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Ja Rule Re-Teams With Cash Money Click For LP


Ja Rule will do a career 360 next spring when he re-teams with the Cash Money Click for a new album. Not to be confused with the Cash Money Millionaires who record for Cash Money Records down South, Ja’s crew, which consists of himself, fellow Murder Inc. soloist 0-1 and Chris Black, dropped “4 My Click” and “Get the Fortune” in 1996. Def Jam CEO Lyor Cohen was reportedly inspired to sign Ja the first time he saw a Cash Money Click video on TV. Murder Inc. CEO Irv Gotti brokered the one-off album deal with TVT Records, according to… Read more »

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Dr. Dre Teams Up With Mack 10 For New Single


Inglewood, California-native turned Cash Money Millionaire Mack 10 recently completed shooting the video for “Hate In Yo Eyes,” the first single from his forthcoming Cash Money Records debut, Bang Or Ball, due out December 4. Hitmaker Dr. Dre, who was a member of N.W.A. with Mack 10’s mentor Ice Cube, produced the new single. The video for the song was directed by Billie Woodruff and features cameos from several of Mack 10’s fellow Cash Money Millionaires. Mannie Fresh, the in-house production mastermind behind Cash Money Records successes, produced the bulk of Mack 10’s new album, including the second single, “Do… Read more »

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Virgin Music Group Signs Mariah Carey For Whopping $$$


In an unprecedented, multi-album, multi-million dollar agreement with Virgin Music Group, Mariah Carey has become the richest (on paper) musician ever. In a world where some dot-com millionaires aren’t old enough to drive, and Texas-sized purses are awarded to athletes like Alex Rodriguez, the record industry was bound to follow suit with a record-breaking [pun intended] contract. Today, they did. In an unprecedented, multi-album, multi-million dollar agreement with Virgin Music Group, Mariah Carey has become the richest (on paper) musician ever. The terms of the deal were not officially disclosed, but New York Daily News reports that Virgin Records will… Read more »

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