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Jay-Z, Diddy and Kanye West top Forbes rap rich list

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Jay-Z has topped a Forbes magazine hip hop rich list, making $37 million (£22m) in the past 12 months._54520310_ap_rich_jayz

The rap star claimed his fourth top spot in the last five years.

Diddy finished in second place earning $35m (£21m) with Kanye West, who has collaborated with Jay-Z this year on a joint album called Watch The Throne, making $16m (£10m).

Dr. Dre, Snoop Dogg and Eminem tied for the sixth spot at $14 million (£9m) with Nicki Minaj debuting at 15.

Forbes says top earner Jay-Z made his cash from the end of his world Blueprint 3 tour and other business interests.

The top 20 on the hip hop list earned a combined $271 million (£166m).

Thirteen different artists earned $10 million (£6m) or more, taking home money from live shows, recorded music, endorsements and a other businesses.

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Entrepreneurship

VIVICA A. FOX SHARES TIPS ABOUT HER HUSTLE

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Vivica A. Fox opened up about her illustrious career in Hollywood, running a business, and her unbeatable hustle earlier this month at the Enterprising Women of Color Forum, an event powered by the Minority Business Development Agency (MBDA) and Essence magazine.

The forum, which served to empower women entrepreneurs with wealth-building resources, was held at the National Museum of Women in the Arts in Washington, D.C., during the Congressional Black Caucus Foundation’s Annual Legislature Conference. The half-day event included an interactive workshop facilitated by Irene Walker, the program manager at Facebook’s Level Up, and a panel discussion moderated by reality star and entrepreneur Robyn Dixon of Bravo’s Real Housewives of Potomac.

Read more @ Black Enterprise

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Entrepreneurship

Women Entrepreneurs Get Another Funding Option

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No surprise, women entrepreneurs have a harder time raising capital than their male counterparts. However, it is scaling companies — the 1% of companies raising venture capital to grow to be billion-dollar companies — that get all of the media attention. Far more entrepreneurs have more modest growth goals. These companies are more likely to seek loans.

Whether debt or equity, women-owned businesses use fewer types of financing options than their male counterparts, according to the 2016 Small Business Credit Survey: Report on Women-Owned Firms. Even when they are a low credit risk, they are less likely to get approved for a loan: 68% compared to 78% for their male counterparts.

Read full story @ Forbes

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Content Editor Aha!
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