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The 25 Most Successful Musician-Entrepreneurs

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Many musicians are happy just creating music and enjoying the lifestyle that being a famous musician provides. However, a lot of pop, rap & rock stars have interests beyond music, including a passion for entrepreneurship.

 

Here is a list of the 25 most impressive musician entrepreneurs. While it’s tough to compare people in different fields, here are some of the factors that weighed heavily for these rankings:

 

  • Success.

 

  • Diversity. When it comes to musicians, there are certain ventures that are more popular than others (as evidenced by the number of clothing lines you’ll see below). Bonus points for anyone willing to try something unique.

 

  • The artist’s DIY attitude. In other words: How personally involved are they in these entrepreneurial ventures? Do they take an active role, or do they just lend out their name and let others do the dirty work?

 

Here we go…

 

 

25) Benji & Joel Madden

 

The brothers of Good Charlotte, who once sang negatively about the “Lifestyles of the Rich & Famous,” made themselves both rich and famous with their music and their clothing line. The Maddens started MADE Clothing in 2005, and eventually renamed the company DCMA Collection after expanding into hats, belts and other accessories. MADE/DCMA has become very popular with celebrities such as Paris Hilton, as well as artists and fans within the pop/punk music genre.

 

 

 

 

 

24) Kanye West

 

Kanye dropped out of art school and made a name for himself in the music business, first as a producer and then as a solo artist. Since achieving success, Kanye has set up his own record label (GOOD Music) and written a book (Thank You and You’re Welcome! - due in 2008). He also plans to open a café in Washington D.C., with some help from his father.

 

 

 

 

 

 

23) Pharrell

 

Pharrell Williams made a name for himself producing, but he also released hits with his group N.E.R.D. Known for his fashion as well as his music, Pharrell started both a clothing line (“Billionaire Boys Club”) and a footwear line (“Ice Cream”). These ventures uniquely fuse rock, hip hop and skateboarding culture.

 

 

 

 

 

 

22) Alicia Keys

 

In 2006, a 24-year old Alicia Keys started her own production company and signed a deal to produce a sitcom for the CW Network. Keys, who has been described as a “workaholic” and an “independent person,” also acts as the spokesperson for various charities. She has acted in a number of TV shows and movies. Keys also co-founded KrucialKeys Enterprises, a musical production and songwriting company.

 

 

 

 

 

21) Moby

 

In 2002, electronic artist Moby and his girlfriend opened a café called TeaNY in Manhattan’s Lower East Side. The vegetarian/vegan tea café was designed to be a hangout for New Yorkers, but eventually grew into a major attraction. TeaNY features about 100 different types of tea, all of which can be purchased online. The company expanded by partnering with White Knight Beverages and creating a line of bottled iced tea.

 

A natural businessperson, Moby is known for his progressive attitude toward licensing songs. He was instrumental in lessening the “sell-out” stigma once frequently attached to artists who licensed songs to commercials.

 

 

 

20) Dexter Holland

 

Dexter Holland, front man of The Offspring, started his own independent punk label in 1994, right around the same time The Offspring was experiencing mainstream success. Along with co-founder and Offspring bassist Greg Kriegel, Holland has run Nitro Records ever since, introducing new punk artists to the mainstream while allowing them to maintain artistic integrity. Holland also found time to create his own brand of hot sauce (called “Gringo Bandito”), which can be purchased online or in grocery stores across California.

 

 

 

 

19) Gene Simmons

 

Since the inception of KISS several decades ago, Gene Simmons has sold the KISS name to every product imaginable, from KISS checkers to KISS bowling balls to the KISS Kasket (yes, that is a real product). In fact, Simmons has approximately 2,500 licensing deals in total. When not making money from licensing, Simmons has kept busy with a variety of entrepreneurial ventures, including his own record label, TV shows and autobiographies.

 

 

 

 

 

18) Bono

 

In addition to fronting U2 for the past three decades and working as a political activist, Bono has undertaken a number of business ventures. In 1992, Bono and band mate Edge purchased The Clarence, a two-star Dublin hotel. They did a complete renovation and turned The Clarence into a luxury 5-star hotel. In the early 2000s, Bono and a handful of elite businessmen founded Elevation Partners, a private equity firm focusing on intellectual property. To date Elevation has invested over a billion dollars in various media projects.

 

Bono also unveiled his own clothing line in 2005. The line of blazers, t-shirts and jeans was created by Bono, his wife Ali, and designer Rogan. The clothing line was designed to provide jobs and money for impoverished citizens of Africa.

 

 

17) Gwen Stefani

 

In 2004, Gwen Stefani founded L.A.M.B., a fashion line heavily influenced by Asian and Central American culture. The L.A.M.B. name comes from Stefani’s first solo album, and Stefani is involved with all facets of production. In 2005, Stefani branched out into accessories. She also created her own line of cell phones and cameras. Her latest venture is a fragrance line, launched in 2007.

 

 

 

 

 

 

16) Queen Latifah

 

Dana Owens, known to most as Queen Latifah, was a trendsetter for rappers and musicians-turned-actors. Owens is President of Flavor Unit Productions, and has production credits for a bunch of films and TV shows. She has hosted her own talk show, starred in a sitcom, acted in several movies, and written an autobiography. Owens is also a spokesperson for Cover Girl cosmetics, where she created her own make-up line for the company.

 

 

 

 

 

 

15) David Bowie

 

David Bowie was ahead of his time as a musician, and when he became an entrepreneur, that didn’t change. Bowie started a technology company and an Internet service provider in the late 90s, making him one of the first musicians to fully realize the power of the web. In the early 2000s, Bowie started his own record company to free himself of the corporate structure of his previous label. He also runs a website where art students can sell their work without the burdens of a traditional art gallery (www.bowieart.com). These days, Bowie uses his website (www.davidbowie.com) as a means of promoting the artists on his label.

 

 

 

 

14) Beyoncé

 

Even when she was part of Destiny’s Child, Beyoncé was known for her style, so it’s no surprise that she formed her own fashion line, House of Deréon, in 2004. Beyoncé made House of Deréon into a popular worldwide brand by promoting it on “Oprah” and “The Tyra Banks Show.” Beyoncé even snuck a plug into one of her songs, singing “Shake your derriere in them Deréons” on the track “Get Me Bodied.”

 

In addition to being an entrepreneur, Beyoncé also makes a ton of money from sponsorships with companies such as Pepsi, L’Oreal, Emporio Armani, Samsung, American Express and DirecTV. Her net worth is currently in the neighborhood of $300 million.

 

 

13) Victoria Beckham

 

Even though Victoria Beckham was in one of the most successful pop groups ever, she’s just as well known for being a style icon. In 2004, Beckham designed a line of jeans for Rock & Republic, and in 2006 she launched her own fashion line called dvb Style. The dvb brand specializes in jeans and eyewear, but Beckham has also launched a fragrance line and designed handbags and jewelry for a Japanese company. Beckham doesn’t just lend her name to these products; she is involved with all stages of production. In addition to her fashion achievements, Beckham has written two books and signed a reality TV deal. For all of these accomplishments, Beckham was named Glamour Magazine’s “Entrepreneur of the Year” in 2007.

 

 

 

12) Sammy Hagar

 

While many fans preferred David Lee Roth as singer, Sammy Hagar is definitely the Van Halen front man you’d want running your company. In the 80s, Hagar opened the resort Cabo Wabo in Cabo San Lucas, Mexico. The resort has become such a hit that Hagar opened a second location in Lake Tahoe, UT, but what’s more impressive is the brand of tequila it spawned. Hagar created Cabo Wabo tequila in 1996 as the “house” liquor, but has since taken the brand worldwide. In 2006, more than 140,000 cases of Cabo Wabo tequila were sold. In 2007, Hagar sold 80% of the Cabo Wabo tequila brand to beverage company Gruppo Campari for $80 million.

 

 

 

 

11) Ludacris

 

Ludacris (a.k.a. Chris Bridges) has a business degree from Georgia State, and while he may have chose to pursue music, that degree definitely came in handy. When Ludacris couldn’t get a record deal, he stopped trying to impress execs and started his own label instead. For the past decade, Luda has transformed Disturbing tha Peace Records from an avenue for releasing his own records into a major company, signing hit artists such as Chingy and Bobby Valentino. And while many rappers go into acting, Ludacris has done it better than most, appearing to critical acclaim in Crash, 2006’s Best Picture. Ludacris will also be opening a $2.7 million upscale restaurant in Atlanta in April, and is considering additional restaurants as well.

 

 

 

10) Madonna

 

In the late 1970s, Madonna dropped out of college and moved to New York with just a few dollars. Today she is worth approximately $325 million, mostly because of her business savvy. Madonna is known for staying ahead of trends, musically and in her business ventures. Her 1992 book, Sex, was both extremely controversial and extremely popular. She has started an entertainment company, a publishing company, and a clothing line. She is also an avid investor. One business professor even called Madonna “America’s smartest businesswoman.”

 

 

 

 

9) Dr. Dre

 

In 1995, unhappy with the direction of his record label, Dre formed his own label, Aftermath Entertainment. Aftermath hit it big by signing popular artists such as Eminem and 50 Cent, and throughout the 2000s Dre has consistently been one of the top earners in all of music. Dre, a long-time director of music videos, has announced that he will begin producing films for Crucial Films in the near future. He also recently signed a partnership to “develop and market” both alcoholic and non-alcoholic beverages for Drinks America. Dre is well-known for being a perfectionist, a trait that has both earned him respect and caused difficulties between him and other artists.

 

 

 

 

8) Justin Timberlake

 

Justin Timberlake has been omnipresent in the music business since 1998, so it’s amazing that he has time to branch out into other areas. Timberlake has opened a handful of restaurants, including the new Southern Hospitality in New York City (seen in Timberlake’s Super Bowl commercial). He also, along with a lifelong friend, launched a clothing line sold through Bloomingdales. Recently Timberlake started his own record label, Tennman Records. In a very forward-thinking maneuver, he signed YouTube sensation Esmee Denters as the label’s first artist.

 

 

 

 

7) Jennifer Lopez

 

After succeeding in music, J.Lo launched a clothing line in 2003, and made everything from jeans to lingerie to gloves. Lopez also launched various accessory lines, a jewelry line, 9 fragrance lines, and even a children’s clothing line, resulting in a net worth of over $250 million. In addition to her fashion businesses, Lopez owns a production company called Nuyorican Productions. The company has produced both reality shows and feature films. In 2002, Lopez opened a restaurant called Madre’s in Pasadena, CA. She helped design the interior, and many of the dishes are inspired by her grandmother’s cooking.

 

 

 

 

6) Jermaine Dupri

 

As a teenager, Jermaine Dupri became a successful producer when he discovered the 12-year old rap sensations Kriss Kross. He went on to produce hits by TLC, Janet Jackson and Mariah Carey, among others. Along the way, Dupri founded So So Def Recordings, and became one of the most respected figures in music. He started So So Def Sports, a sports management company. He is owner and partner of 3 Vodka Distilling, makers of high-end alcohol. In 2007, he released an autobiography. And on top of these entrepreneurial ventures, Dupri was appointed President of Island Records’ urban division in 2007.

 

 

 

 

5) Pete Wentz

 

Wentz, the bassist for Fall Out Boy and idol to teenage girls worldwide, is also an active entrepreneur. Wentz runs his own record label, Decaydence Records, which is currently thriving despite the declining state of the music industry. Wentz also started a clothing company called Clandestine Industries in 2004. His clothes are extremely popular amongst fans of the emo/punk genre.

 

Wentz is also an author, having published a fictional book titled The Boy With The Thorn In His Side. Last year, Wentz opened a bar in Manhattan called Angels & Kings. He plans on putting out another book and opening a hair salon in the near future.

 

 

 

 

4) Master P

 

Percy Miller, a.k.a. Master P, started No Limit Records in 1990 with $10,000 that he received from a wrongful death lawsuit after his grandfather passed away. By the late 90s, Miller was a multi-millionaire and No Limits was worth an estimated $661 million. Among the company’s holding were a clothing line, a film company, a sports management agency, and a real estate company. Master P even tried to play in the NBA, nearly making the Charlotte Hornets’ roster in 1998.

 

Master P’s career has cooled down considerably since the 90s, and No Limit was reorganized in 2004, but Miller is still involved in many entrepreneurial ventures. He is currently developing a video game, and he also releases music via a new label, Guttar Music. Miller co-founded Guttar Music along with his son Romeo, who is a freshman at USC.

 

 

 

3) 50 Cent

 

Curtis Jackson is one of the most popular and best-selling rappers of the decade, but he’s actually made most of his money outside of music. Jackson developed the G-Unit Clothing Company in 2003 and signed a deal with Reebok to distribute his G-Unit sneaker line. Along with the beverage company Glacéau, Jackson created and marketed a Vitamin Water flavor called “Formula 50.” When Glacéau was purchased by Coca-Cola in 2007, Jackson reportedly made over $100 million after taxes as part of the deal. Like so many others on this list, 50 has his own record label, G-Unit Records. He is also an actor and author.

 

 

 

 

2) Jay-Z

 

Shawn Carter co-founded Roc-A-Fella Records in 1996, and over the past 12 years he has grown the fledgling label into a massive empire using both his musical abilities and his business savvy. Roc-A-Fella now features a production company and a Spanish music label, and the company also owns U.S. distribution rights for the high-end Scottish vodka Armadale. Jay-Z and Roc-A-Fella famously created Roc-A-Wear, an incredibly popular clothing line that was sold last year for $204 million dollars.

 

In 2004, Jay-Z sold his stake in Roc-A-Fella and became President and CEO of Def Jam Recordings, where he remained until a few months ago. Jay is also part owner of the New Jersey Nets, and the 40/40 Club in New York City. Currently worth over $500 million, Jay-Z shows no signs of slowing down.

 

 

1) Diddy

 

There’s nothing Sean Combs can’t do. Diddy worked his way from humble beginnings into Howard University’s business school. There, he preferred to spend his time working and making money rather than studying. By age 21, Diddy was developing talent at Uptown Records in New York, while also working as a back-up dancer in music videos. In 1993 he left Uptown to form Bad Boy Records, which became home to many big-time artists, most notably Notorious B.I.G.

 

Bad Boy is now an empire worth hundreds of millions, and Diddy has set up many other ventures. His Sean John clothing line is extremely popular and worth millions. His Unforgivable fragrance, launched in 2006, sells for roughly $70 a bottle. He serves as CEO of Blue Flame Marketing and Advertising. Last year, Diddy signed a deal with Diageo PLC to promote Ciroc Vodka. He’ll have a major role in the vodka’s branding and marketing, and he’ll split profits 50-50. Diddy also created (and appears on) the TV series “Making Da Band.” In 2004 he acted in the Broadway play “A Raisin in the Sun,” and he recently starred in the Made-For-TV version of the play. Diddy also owns restaurants in New York and Atlanta (named “Justin’s,” after his son). And if that’s not enough, Diddy holds the honor of having designed the Dallas Mavericks’ green alternate jerseys. All of this amounts to a net worth of roughly $350 million.

 

While music critics might tell you Diddy can’t rap, few people will deny that he’s a truly amazing businessperson. As Diddy himself once said, “Don’t worry if I write rhymes… I write checks.”

 

 

 

Let us know what you think. Who is the best musician entrepreneur, and what other musicians deserve to be on the list?

 

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Lisa says

The Eagles, Best selling album in History, making deal with Wal Mart for distribution, were most revenue is lost on tracking actual album sales and first group to charge 275.00$ per ticket .
Posted at 1:01 pm
Steven Ruiz says

Kudos, Growthink. Jay-Z & Sean Combs (Diddy)... two prime examples of "diversifying". These men took the street knowledge/practical street selling/promoting experience and applied it to the corporate world. Take the theory out of business... and your left with the above article. People who took their passion... made money... and then applied what they learned about promotions to the corporate world. And look at Jay-Z... he now has an advertising agency targeted to corporate America. if you want to learn Hip Hop and target Hip Hop, come to a professional. I loved this article - Sincerely, Steven "BZ" Ruiz
Posted at 1:18 pm
Jeff says

Lest we forget Sting?
Posted at 5:36 pm
Heather says

How about Peter Frampton - One American Idol singer used his "Framptone" device for one of his songs on the show.
Posted at 10:07 pm
David says

I checked out your write up on Diddy. On that note, what dept. at your firm is willing to put money in my graphic designs on Tee's. (MEEZAN) Fashion Design Team said this about David Designs, 1. It's the olive in a martini 2. We would'nt have sent David to you if he was corny. I (David) will go 50-50 with any group that foots the bills, send some one from your New York office to meet with David in Philadelphia Pa. on broad and Walnut St. in side Starbucks to see my graphic designs soon. Oh Log on now to meezanartcouture.com Meezan have already made a commitment to drop the name David to Upscale shops Nation wide. So what more can I Say....Oh Meezan have already giving me a meeting @ an Upscale men and women shop on (South Street) the shop raves about my ghaphic designs and because of Meezan, There willing to wait in line for the 3 T-shirt samples and the 6 hooded samples that they like. The Meezan event planner gets Kanye West and others to come to Philadelphia like clock work....the window is wide open....call me @ 215-951-9041 or (c) 215-917-8400.
Posted at 10:46 pm
jonathan says

Not that I am a particular fan of his music but surely a big miss form this list is Paul McCartney. The UK Sunday Times values his wealth at $1.5bn!! Considering the conservative nature of The Times valuation policy and the overzealous valuations put on a lot of the other people on this list, McCartney is probably worth as much as everyone else put together !! All his money did not just come from the Beatles. He has an enormously successful music Company called MPL Communications which owns music publishing rights to many artists such as Buddy Holly. For my money though Dre is the Daddy....
Posted at 6:37 am
Winston says

MADONNA is the greatest. Because 1. She can't sing, she lip syncs. 2. She can't play music. 3. She can't read music. 4. She can't act well. 5. No that she's 50, she can't dance well. She's made so much money on a false IMAGE it's amazing.
Posted at 12:46 pm
Jimbo says

I think you've made a major omission of Quincy Jones. Sure he's from another generation. But he's still an active businessman. He's a music writer, song writer, film score composer, big band leader, Jazz/pop/rap producer, performer, arranger, conductor, TV producer, film producer, multiple award winner, product endorser, and it goes on and on....
Posted at 6:18 pm
pooleallair says

It's Lake Tahoe California/Nevada not Utah, but hey...There are many others to name outside the top 25. Cudos to the aithor!
Posted at 5:00 pm
Website Business Broker says

You forgot to mention Jon Bon Jovi - he has been on the cover of Inc agazine and is a rock n' roll entrepreneur hall of famer as well - owns an indoor soccer team among other ventures. david
Posted at 11:00 pm
DJ 1ph says

I do. he, he, he! Holla at me.
Posted at 2:33 am
jovanka says

hi! im a filipino with an age of 16,a female.I was really amazed to all of your businesses and to all of your eforts to build it.Inspite of the wealth yhat you have because of your careers,all of you deed great!
Posted at 9:20 pm
Celebrity Net Worth says

If you want to know how much money all these people actually have check out Richest Rappers, Richest Athletes and more!
Posted at 8:27 pm
Sanjana says

You really left out Paul McCartney and John Lennon? This list is completely inaccurate if their presence is missing. Paul McCartney has been named the greatest songwriter of all time.
Posted at 2:04 pm
bailie says

OMG at least dexter holland is in there!!!!! :D GOO OFFSPRING!! :)
Posted at 3:49 pm
Justin says

Madonnas 's net worth as of '08 was definitely more than $325 mil! That's peanuts considering how long she's been around, since 1982!! Her net worth was was more in the $450-$500 mil range! Now it's at at least $600-$700 million!
Posted at 8:25 am
Aaron says

Number one is Paul McCartney and Number two is John Lennon.
Posted at 5:41 am
asda says

Paul Mccartney is worth 1.2 billion
Posted at 6:54 pm
Kevin KOOKOO says

this list sucks
Posted at 10:05 am
Luke says

yo wazao wazap luv dis site!!!
Posted at 9:47 am
vanessa says

kim kardashian and kimora lee deserve to be on this list
Posted at 12:32 pm
joe says

Camron and max b for diplomats and Jadakiss for dblock.end of story
Posted at 11:38 am
mokwunye emeka says

hi, nobody is talking about 2face, d-banj and p-sqare of nigeria why?
Posted at 7:26 am
bill johnson says

I guess John Paul George and Ringo were chopped liver, who made this list some uneducated retard
Posted at 6:12 pm
Lissa says

This forum needed sahknig up and you’ve just done that. Great post!
Posted at 2:45 am

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