- Diddy $50 m
- Jay Z $43 m
- Dr. Dre $40 m
- Nicki Minaj $29 m
- Birdman $20 m
Forbes Top 10 Hip Hop Cash Kings
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Microsoft’s Steve Ballmer Earns Close To $1 Billion Off Retirement
Microsoft CEO Steve Ballmer is retiring within the next 12 months. With this retirement comes a huge cash out of Microsoft stock. SPCapitalIQ says that Ballmer owns 333 million shares of Microsoft stock. If he is to exercise this options he’ll net a cool $840 million.
As of March 2013, Forbes reports his net worth as $15.2 billion.
Disney to Buy Star Wars Franchise for $4.05 billion
spotted: (Reuters)
Walt Disney Co said it agreed to buy film maker George Lucas’s Lucasfilm Ltd for $4.05 billion.
Disney will pay about half in cash and issue about 40 million shares at closing for the acquisition of the film studio known for the iconic “Star Wars” movies.
Hip Hop Cash Kings 2012
Boosted by Dr. Dre’s $110 million payday, rap’s top 20 earners pulled in $415 million last year. Checkout the Top 10 Below:
via Forbes
- Andre “Dr. Dre” Young $110 million
- Sean “Diddy” Combs $47 million
- Shawn “Jay – Z” Carter $38 million
- Kanye West $35 million
- Dwayne “Lil Wayne” Carter $27 million
- Aubrey “Drake” Graham $20.5 million
- Bryan “Birdman” Williams $20 million
- Nicki Minaj $15.5 million
- Marshall “Eminem” Mathers $15 million
- Christopher “Ludacris” Bridges $12 million
Facebook Buys Instagram for $1 Billion
Facebook is not waiting for its initial public offering to make its first big purchase.
The social network has acquired Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday. In a Facebook post on a profile page, the company’s chief, Mark Zuckerberg, said he planned to build Instagram independently from the social network. The move will allow users to post on other social networks, follow users not on Facebook, and to opt out of sharing on Facebook.
“For years, we’ve focused on building the best experience for sharing photos with your friends and family,” Mr. Zuckerberg wrote. “Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”
Mark Zuckerberg, the chief executive of Facebook, which is expected to go public next month.
Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.
The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.
GWOP MAGAZINE 