Will Diddy And Jay-Z Be First Hip-Hop Billionaires? Not So, Says Birdman

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In the high stakes battle for Hip Hop superiority, it appears that the two top money earners in the rap game – ShawnJay-ZCarter and SeanDiddyCombs respectively – are in a quiet duel to become the first billionaires by way of their shared industry.

With various streams of revenue flowing for both savvy businessmen, some unrelated to music, the potential is vast for both men according to a recent analysis from Forbes magazine. However, another Hip Hop mogul believes he and his team will eclipse Jay-Z and Diddy in the money race all in due time.

CEO of Cash Money Records BrianBirdmanWilliams threw his and protégé Lil Wayne’s Young Money imprint names into the billionaire sweepstakes pot, defiantly stating that the YMCMB machine is well on its way to the top. “I think Young Money Cash Money would be the first billion-dollar brand in hip-hop,” said Birdman plainly in an email to Forbes referencing his label ventures. “We strong and growing every day as a brand and fast. Within the next few years we will be billionaires.”


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According to Forbes numbers, Diddy is at the halfway mark with an estimated net worth of $500 million, much of that tied up in Diddy’s business ventures such as his Sean John and Enyce clothing lines along with his stake in Ciroc vodka. Jay-Z is right behind his rich pal with assets that include a lucrative $10 million dollar Live Nation deal, the 40/40 club chain, cosmetic company Carol’s Daughter and his partial ownership of the New Jersey (soon to be Brooklyn) Nets amongst other deals. Continuing the dollar tally, only Dr. Dre and 50 Cent are within range for the coveted billionaire status.

Feds Offer Jimmy Henchman A Plea In Return For Missing $100K

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A key witness against former rap manager/mogul James “Jimmy Henchman” Rosemond is close to striking a plea deal with prosecutors, according to reports.

According to TheSmokingGun.com, Khalil Abdullah, one of Rosemond’s associates and top members in the collective known as the Rosemond organization, is close to making the deal, if he returns a missing $100,000 to the government.

Abdullah allegedly entrusted the $100,000 to an unnamed associate, whom he cannot locate.

In order to receive the plea deal with prosecutors, Abdullah must forfeit the $100,000, which Abdullah allegedly stole from the Rosemond organization, which helped trigger the current federal investigation.

According to an indictment, Abdullah’s thieving helped lead to a bigger investigation into the Rosemond organization’s trafficking conspiracy.

DEA agents claim that the organization used Federal Express and other overnight couriers to send millions of dollars worth of narcotics and proceeds from New York to the West Coast, and back.

Abdullah, who knew that he was in the process of being indicted for his role in the cocaine distribution conspiracy, was the original person to contact lead prosecutor Todd Kaminsky, with information on the conspiracy.

Abdullah allegedly faxed a letter to prosecutors from a Kinko’s on April 25th, where he told agents about of a shipment that was being sent to a recording studio in New York, in a “road case” for music equipment.

When agents seized the road case they found $790,000 in $20 bills, which helped lead Kaminsky to indict the investigation’s main target, James Rosemond.

Abdullah, who is facing at least 10 years in prison for his role in distributing the cocaine, is seeking to receive a lesser sentence by testifying.

James “Jimmy Henchman” Rosemond was apprehended by authorities in New York on June 20th, after being on the run for nearly 2 weeks.

The following day, he appeared in Brooklyn federal court, where he pleaded not guilty to intentionally conspiring to distribute and possess with intent to distribute 5 kilograms or more of cocaine, witness tampering, and obstruction of justice.

Police are also investigating Rosemond involvement in a murder for hire plot that resulted in the death of an associate of 50 Cent named Lowell “Lodi Mack” Fletcher, who was killed last year, for allegedly smacking Rosemond’s son during a dispute in March of 2007.

50 Cent Contemplates Leaving Interscope

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It is no surprise that 50 Cent has been unhappy with his current record label. 50 has made this clear via his official Twitter account over the past couple of weeks. The rapper is prepping his 5th and final album in his contract with Interscope Records and some wonder if it might be his last on the label.

In an interview with MTV, 50 said the following concerning if he would resign: “I don’t know, It will all be clear in the negotiations following me turning this actual album in. And, of course, the performance and how they actually treat the work will determine whether you still want to stay in that position or not.”

Last week, the G-Unit head honcho went on a Twitter rant and vented his frustration about his current situation. The Queens rapper took matters into his own hands when he released the first single, Outlaw, for his new album Black Magic.

“It’s not necessarily [Dr.] Dre or [chairman] Jimmy [Iovine]; it’s more the guys that they pass the responsibilities on to,” said 50. “It takes longer for people, because they’ll be like, ‘OK, we’re gonna do this and we’re gonna do that,’ and the building will start having those conversations, but they’re not actually moving at that point.”

50 has said that he wouldn’t mind staying at Interscope but he’s also not opposed to a change in scenery.

The story is sure to develop further in the next couple of weeks.

50 Cent Calls His Relationship With Jay-Z Strictly ‘Business’

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Last year around this time, the ever controversial machine known to the masses as 50 Cent was busy sending disrespectful rhymes in the direction pointed at fellow New York rap superstar Jay-Z. For the past months the Queens native had been baiting the god MC on wax with the assistance of former Roc-A-Fella artist Beanie Sigel.

Following Jay And Eminem’s opening night of their “Home And Home” tour at Detroit’s Comerica Park, Fif and Jay-Z deaded their beef backstage after the two ran into each other.

“We got a chance to kick it for a minute,” 50 told MTV News. “I know people were interested in what that conversation was like. But they can ask Jay-Z. I take people’s actions as if it’s genuinely how they feel. I can only use what I saw you do as if that’s what you meant. I can’t understand what your motivation was prior to that.”

As things appeared to have taken a more peaceful route following the union, the G-Unit general may have just re-opened that can of worms. In a recent interview with MTV UK, Fif calls his relationship with Jay-Z “business” and says he uses it as leverage for his own interests.

“We don’t have those kinds of relationships” 50 declared. “These people are people I associate with. We are in the same business. We are not necessarily friends. We don’t call each other for no reason.”

“It’s not like we have something against each other to make us enemies,” Fiddy continued. “Me and Jay[-Z] will use each other. Repeatedly. For energy.

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50 Cent Explains True Reason For Meeting Chelsea Handler

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Posted: Thursday – October 21, 2010

Rap star 50 Cent has revealed the reason for meeting with TV personality Chelsea Handler during a recent interview with E! Online today (October 21st).

According 50 Cent, the pair met about an upcoming movie featuring Chelsea Handler titled This Means War that due in theaters in 2011 and co-stars Reese Witherspoon, Tom Hardy and Chris Pine.

While 50 Cent was scant on details, he revealed the meeting came about after he secured a $200 million film deal with his Cheetah Films partner Randall Emmet and Lionsgate.

“We actually was talking about a film project,” 50 Cent said. “She’s working on a movie now with McG called This Means War. And we spoke, you know, so, because I just did the Lionsgate deal. I’ve been sitting with different people talking about film projects.”

The rapper also shot down the intense speculation that he was dating Handler, after the pair were seen out dining at a restaurant in New Orleans.

“I’m not gonna answer that question!” 50 Cent said of the comediane “I’m not dating her. Yeah I did send her flowers [after the VMAs] … why not?”

50 Cent’s Cheetah Films announced a new deal worth $200 million deal that calls for the rap star’s film company to produce four to five films per year, at around $20 million.

50 Cent Quits Twitter Til Monday To Finish New ‘Heartless Monster’ LP

Posted: Wednesday – September 1, 2010

Rapper 50 Cent has promised to take a break from Twitter over the next week, as he finishes up a new album titled The Return of the Heartless Monster, which is due to be released on September 6th.

50 Cent broke the news about the album with a series of tweets earlier in the week, when he revealed the album title and release date.

Today (September 1st), the rapper stated that he would go on hiatus from sending out his daily raunchy, humorous tweets, until his album is completed.

“Ok ladies and gentalmen [sic] I’m writing my new album. I will not be on twitter again till sept 6 This album will be a classic.”

The rapper caught the spelling error in what he tweeted would be his final message to his 3,070,000 plus followers until next Monday.

“Motherfuckers I know how to spell gentleman I was typing fast fuck you. sept 6 until then bitches suck deep and niggas lick the holes right.”

According to 50 Cent, the new release is scheduled to hit the net around 12:00PM on September 6th.

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