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After Dollars No Sense: Hip Hop’s Struggle with Financial Literacy

By Victor “Doc V” Trammell
People who are fans of hip hop culture and the artists that express its lifestyle can observe and commend the tremendous growth experienced by the art form over the past 30-plus years. Hate it or love it, rap music and the culture it comes from is a dominant global force to be reckoned with. Fueled by the billions of dollars to be made in the music industry, it has become a ubiquitous entity all around the world. According to 2009 data retrieved from the International Federation of the Phonographic Industry (IFPI) half of the top selling digital songs across the world were attributed to the hip hop genre. This is an amazing feat considering the fact that music sales have dropped substantially over the last decade. Also, it is consistently reported by Forbes Magazine that hip hop’s top artists turned executives all have a net worth somewhere around a half a billion dollars.

Read Original Article At Reason 4 Rhymes

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