50Cents Tops Richest Mogul's List.....

Def Jam's VP Commits Suicide

Def Jam Record’s Vice-President, Shakir Stewart, died today from a self-inflicted gunshot wound to the head. According to Def Jam, Stewart's body was found in Atlanta. Some sources say Stewart shot himself in his home. No further details of the suicide, have emerged. “LA Reid and all of us at Island Def Jam Music Group are deeply saddened by the passing of our dear friend and colleague Shakir Stewart,” Def Jam said in a statement released to VIBE today. “Shakir was an amazing man, in every sense of the word. A truly incredible friend and father who was an inspiration to not only our artists and employees, but to his family and the many people who had the privilege of counting him as a friend. Our hearts and prayers go out to his family at this very difficult time.”

50 Cents is Richest HipHop Mogul


50 Cent has recently been crowned as Forbes’ Hip Hop Cash King, dethroning Jay-Z by raking in $150 million over the past year. The business publication estimated that Jay-Z, who placed in second, raked in $82 million, falling behind 50 by $18 million. Forbes also said that 50 banked $100 million after taxes on one deal alone when his stake in VitaminWater’s parent, Glaceau, was bought by Coca-Cola as part of a $4.1 billion deal. Diddy came in third for the second year in a row, earning $35 million from his revenue streams, including his clothing line Sean John, his record label, premium vodka Ciroc, and two reality-TV shows. Meanwhile, Common, Lil Wayne and Akon made first time showings on the list.

The list of Forbes' Hip Hop Cash Kings
1. 50 Cent
2. Jay-Z
3. Diddy
4. Kanye West
5. Timbaland
6. Pharrell
7. Swizz Beats
8. Snoop Dogg
9. Dr. Dre
10. Ludacris
11. T.I.
12. Lil Wayne
13. Eminem
14. Common
15. Akon
16. Jermaine Dupri
17. Lil Jon
18. OutKast
19. Chamillionaire
20. The Game