In the world of hip hop, you haven't reached the top until you "go mogul." Sift through the Forbes list, and you'll be sure to see the face of Russell Simmons, who started out as a promoter for the likes of the Beastie Boys and Public Enemy and turned his diverse portfolio of interests into an impressive personal fortune. There's also P. Diddy, who went from a big shot producer and lucrative label owner of Bad Boy Entertainment to branching out to his own clothing line and investing in the Cîroc vodka brand. And no mogul list would be complete without the billionaire Beats kings: Dr. Dre and Jimmy Iovine. Their innovation and business savvy have made record-breaking headlines that have been game changers in the music and streaming service industries.
After the Carolina Panthers announced plans to sell his team, P Diddy Tweeted his interest in buying it. "There are no majority African American NFL owners," he wrote, adding he'd make history and put Colin Kaepernick in the running for QB.
Rapper Dr. Dre lost his years-long trademark lawsuit against a gynecologist, Dr. Drai, over the use of his name. Andre Young argued their names would cause “confusion” among customers; the doctor has written several books including “20 Things You May Not Know About the Vagina.”