From music to movies and television shows, many entertainment figures grossed millions of dollars from exclusive deals, partnerships and business empires in recent years. Some top earners made money from acting fees, royalties, and outright sale of the masters and publishing rights of some or all of their recorded music and songwriting.
Bruce Springsteen sold the master and publishing rights to all his works, including 11 multi-platinum albums and five gold singles for a whopping sum of almost $500 million. Peter Jackson, the director of Lord of the Rings, earned $600 million in cash after selling some part of his visual-effect company for $1.6 billion. Recently, major streaming platforms spent about $3.7 billion to obtain rights to some TV hits.
Aside from music, acting, and TV shows, the likes of Shawn Carter (Jay-Z), Dwayne Johnson, and Kanye West also made money outside of music and films. Shawn Carter recently sold a 50% stake in his Armand de Brignac Champagne brand to LVMH, earning about $315 million. Kanye West was once among the billionaires in the entertainment industry since 2020, thanks to his deal with Adidas, which accounted for his $1.5 billion net worth. But he lost the billionaire status in 2022 when he cut ties with Adidas and lost most of his wealth. However, before the split on October 2022, Kanye earned millions of dollars to keep him in the recent list of the highest-paid entertainers. Dwayne Johnson also made millions from his tequila business.
Only five Blacks made it on Forbes’ list of the 25 highest-paid entertainers in 2022, with combined earnings of $1.1 billion over the past year. Lets take a look at these entertainers: (Click next to continue reading)
Steven L. Reed is the first black mayor of Montgomery, Alabama. The state of Alabama…
Chef Tobias Dorzon, an ex-NFL player turned chef and restaurateur, has been selected Chef of…
Tamiah Brevard-Rodriguez welcomed her son in the passenger seat of her wife’s Maserati, then seamlessly…
An aspiring doctor, who nearly drowned after being pushed into a Louisiana lake, has indicated…
Oluwami (Wami) Dosunmu-Ogunbi is the first Black woman to get a PhD in robotics at…
A Boston man who was a beneficiary of a genetically modified kidney transplant from a…
Beverly Parks, the mother of the man suspected of lassoing a woman around the neck…
Rescue workers in South Africa successfully pulled a man from a collapsed building after being…
Basketball legend and billionaire business mogul Michael Jordan recently opened a third medical clinic in…
Authorities in Canada said they have launched an investigation after another trespasser attempted to gain…
Four-year-old Cartier McDaniel from Denver miraculously survived after his heart stopped beating for 19 hours.…
A 21-year-old engineering student, Ibukun Quadri, avoided jail time after racially abusing England striker Callum…
For the past seven years, Denise Campbell and her two daughters, Chantel and Charnel Johnson,…
The Duke and Duchess of Sussex have touched down in Lagos, marking their arrival in…
Natiajah, a hairstylist, went viral after giving a free installation to a mother of four…