Okay, I know what you all are thinking. "Why is she doing this?" Well, it really caught my attention during the week/weekend. Whole time I thought we had atleast a few billionaires in our current music of choice..Hip-Hop! Crazy thing is, we don't. This article was shared by one of my friends on Facebook. The author of the article, Kelby Cannick brought this to light on makinitmag.com and I found it very eye opening, and inspirational. Cannick stated seven reasons why Hip-Hop doesnt have any billionaires and out of 1,200 billionaires on the planet only 9 are black, and outside of Oprah Winfrey, none of them are American or have built their fortunes on entertainment. Why is this? He starts from the bottom..
7. Hip-Hop is a hustle.
6. Hip-Hop devalues its most important asset.
5. Rappers have poor brand value.
4. Lack of Diversification in Investing
3. Market Share Scavengers
2. We'd Rather Look Good Losing Than Look Bad Winning
1. Racism
Cannick also states that theres nothing we can ever fix about the number one reason which is rasicism, but we can fix 90% of it which is number 2-7. Do you agree?
Read the full article here: http://www.makinitmag.com/blog/nw-7-reasons-hip-hop-has-no-billionaires#sthash.4WaEN5fh.dpuf
There won't be any billionaires because the industry will not allow their employees to become full employers. If that happened then the control of the hip-hop industry would shift into too many hands, leaving those at the top right now having to share the true wealth of the hip-hop industry with former employees.
ReplyDeleteThere won't be any billionaires because the industry will not allow their employees to become full employers. If that happened then the control of the hip-hop industry would shift into too many hands, leaving those at the top right now having to share the true wealth of the hip-hop industry with former employees.
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