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Diddy Tops Forbes Richest in Hip-Hop List, Jay-Z in Second Place

Sean “Diddy” Combs ranks No. 1 on this year’s Forbes Five, the magazine’s list of hip-hop’s wealthiest artists, with an estimated net worth of $580 million.

The bulk of the Bad Boy Records founder’s wealth comes from non-musical ventures, namely his deal with Diageo’s Ciroc. The agreement entitles him to eight-figure annual payouts and a nine-figure windfall if the brand is ever sold—and Ciroc’s value has never been higher.

The No. 2 spot goes to Shawn “Jay-Z” Carter, with a net worth of $475 million. He’s still rolling in cash from megadeals like his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation the following year. He continues to hold stakes in Roc Nation, Carol’s Daughter, the Brooklyn Nets—and, more significantly, the Barclays Center itself—while adding new partnerships with the likes of Duracell, Budweiser and Bacardi’s D’ussé Cognac.

Andre “Dr. Dre” Young ranks third with $350 million, thanks mostly to his Beats by Dr. Dre headphones. A year after selling 51 percent of the company to handset maker HTC for $300 million in August 2011, Dre and his partners bought back half of the half they sold in 2012—and their investment continues to soar in value due to Beats’ whopping 65 percent market share of the premium ($99 and up) headphone market.

Bryan “Birdman” Williams owns the No. 4 spot, riding his Cash Money/Young Money empire to a fortune of $150 million. His roster includes Drake, Nicki Minaj and Lil Wayne (the latter crossed the $100 million threshold for the first time this year, by estimates, but remains just outside the top five). Birdman also recently launched a YMCMB clothing line and a spirit called GT Vodka.

Rounding out the list is Curtis “50 Cent” Jackson at $125 million. He’s another master of brand building: The bulk of his fortune came from heavy sales of his music, merchandise, video games and books in the wake of his smash debut Get Rich or Die Tryin’—and particularly from his payout for the sale of his stake in VitaminWater parent Glacéau to Coca-Cola in 2007.

Information from Eurweb.com and Forbes.com contributed to this report.

  • Written by Jason Alderman, Special to the NNPA from the St. Louis American
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Harvey B. Gantt Honored With Whitney M. Young, Jr. Award

The American Institute of Architects (AIA) has selected Harvey B. Gantt, FAIA, as the 2013 recipient of the Whitney M. Young Jr. Award.

Established in 1972, the Whitney M. Young Jr. Award honors architects and organizations that champion a range of social issues, including affordable housing, minority inclusion and access for persons with disabilities. Gantt is being recognized for his efforts as a noted civil rights pioneer, public servant and award-winning architect.

In 1963, after a protracted court case, Gantt entered Clemson University as its first African-American student. He earned his Bachelor of Architecture degree from Clemson in 1965, graduating third in his class. In 1983, After service on the City Council, Gantt was elected Charlotte's mayor, the first African-American to hold that position.

Gantt was also active in statewide Democratic Party politics, becoming the party's candidate for the U.S. Senate in 1990 and 1996 against the outspoken conservative Sen. Jesse Helms. Although he lost both races, he remained committed to public service.

"Harvey's run for statewide office helped set the course for young African-American leaders who wanted to become more
engaged in the political process," President Obama told the Charlotte Observer in 2012. "His decision to enter the race showed great courage and a strong commitment."

At Clemson University's convocation in 2012, Gantt said that as an elected official, "I saw firsthand the importance of solving problems and building a stronger community by engaging as much diversity as possible, to find that elusive common ground needed to move the needle and to bring about progress." Gantt added, "It's the story of my life."

  • Written by Special to the Daily World
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The Mom, The Mrs., The Mogul: Mariah Huq on Balancing Business and Motherhood


Every woman I know would love to have it all. All as in: a supporting spouse, loving kids and a thriving career. Many of us actually obtain each and every one of the aforementioned; however, once we get it, we struggle to keep it. Balancing home and business is very challenging because no matter how hard you try, something is neglected or doesn’t get the required attention.

As a proud mother of two elementary aged kids, wife of a hardworking physician and a top executive at two booming companies, balancing my life has become an art! It took several years for me to perfect the craft, but I think prioritizing has been the key for me. No matter what project I take on, I make a conscious decision to put my family first. My husband and children are my backbone, and when they are content and well, I can focus my energy elsewhere.

I believe that there are several things we must understand in order to stay balanced. First, decide what takes top priority and what follows. Then we have to accept that everything does not have to be perfect! Your time does not have to be equally proportioned between work and family. In fact, I believe we set ourselves up for failure if we attempt to perfectly distribute our time. In real life, different aspects of your life require different amounts of time and energy on any given day. All you can do is put your best foot forward, and give what you can. Whatever you feel you need help with, delegate! Don’t be afraid to ask for help. If you can afford it, hire help around the house. If you cannot, you can always attempt to barter with friends, family and class parents. Volunteer to carpool on your easy days, so you will have less to do on the harder days.

Planning has also been essential in multi-tasking for me. On our days off, we iron the kids’ clothes for the week, prep or prepare meals for a few days, and make a schedule of the entire week that we post in our common area (the refrigerator). If we didn’t plan in our household, things would be chaotic, because each and every one of us have busy and vibrant lives. From ballet recitals to boardrooms, the balancing principles are basically the same: prioritizing, planning, delegating and doing your best!

As an entrepreneur, my businesses do well, when I put the right people in place to make things happen. I understand that I am not a jack of all trades, so I don’t hesitate to delegate tasks and projects to the appropriate people. It allows me to get more done and focus on those tasks to which I can uniquely add value. Once there is a system in place, home and work life are so much easier.

As a mommy, a Mrs. and a mogul, it’s inevitable to give your all to those around you, but be sure to save something for yourself. Always make time for you! Whether it’s a yoga class, a glass of wine or a spa day, be sure to do you, in the process of doing everything and everyone else. It’s easy to take care of others, and forget that most importantly, you have to feel your best so you can give your best!

  • Written by Mariah Huq via Black Enterprise
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Minority Business Development Trade Fair Slated for April 15-17

Atlanta is just one month away from the largest business development trade fair of its kind and size in the state: the Georgia Minority Supplier Development Council (GMSDC) Business Opportunity Conference and Expo (BOE) on April 15 - 17 at the Cobb Galleria Centre.

Attracting more than 500 minority business enterprise (MBE) firms and corporations each year, the BOE is a direct extension of the GMSDC mission to create jobs and grow the economy. For many, the BOE is that window of opportunity for interaction with the nation's corporate elite and partnership with Georgia's emerging minority firms.

Themed "Moving Forward Together – Collaboration, Capacity, Capital,"the crown of the BOE is the often-sought matchmaking event and multipurpose trade fair. More than 80 buyers representing more than 40 corporations including Georgia Power, AT&T and AFLAC are lining up to meet one-on-one with MBEs in a setting akin to speed dating.

The meetings are detailed discussions designed to vet MBEs for the corporate members' most pressing procurement needs for the next 6 - 12 months. Last year, the GMSDC coordinated more than 400 matchmaking sessions and is currently in line to surpass these numbers by more than 40 percent for this popular relationship building activity.

The BOE opens with two days of exclusive, members-only educational sessions for minority businesses and corporate members. Typically, MBEs traverse the nation to experience Dartmouth University's popular executive management business series, but through the BOE, a tailored Dartmouth course called Tuck Georgia is being brought to them. MBEs will also take part in the CEO Roundtables, which is an intimate gathering where GMSDC Titans – MBEs making in excess of $75 million in annual sales – will share best practices and lessons learned with fellow MBEs.

Meanwhile, corporate members will also enjoy their share of educational enrichment with a special forum called the Billion Dollar Roundtable.

For event details and to register visit www.gmsdc.org/boe. Early bird pricing ends Friday, March 29, 2013.

  • Written by ADW Staff
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Young Executive Changing the Marketing Game

We have good news for you. You can have a cool career and make a good living. No need to choose between loving your job and paying your mortgage. The following profile, part of the BlackEnterprise.com Cool Jobs series, offers a peek into the nuts and bolts, perks and salaries behind enjoyable careers.

The It Factor: As the executive vice president of Blue Flame Agency, it’s safe to say that Dia Simms is the go-to lady for all things Sean “Diddy” Combs-related in terms of brands. She oversees the strategic execution of all brands under the advertising agency and the House of Combs. Proving that any job can eventually lead you to your passion, Simms comes from a diverse career background. After graduating college, Simms worked at the Dept. of Defense, negotiating defense contracts while contemplating attending law school. After being transferred around within the department and becoming bored with her job, Simms took on a radio job in Maryland upon the recommendation of a friend. While there, she honed her passion for marketing by launching a marketing company with friends. She continued her career in radio as she headed to New York to work for Clear Channel Communications before taking on a job working for one of the biggest entertainment moguls in the world.

The Process: “My days are dramatically different depending on what’s priority,” says Simms, who’s in charge of developing marketing and brand strategies. From the recent launch of AQUAhydrate to working on a new and exciting Sean John campaign, Simms knows what it takes to create a winning product. “We have to be pretty much ready for anything and make sure we are the absolute best at what we do,” she says.

Go-getter Goals: Despite Simms working on the globalization of several brands, one of her most proud moments to date is her work with Ciroc Vodka, helping move numbers from $75,000 to over $2 million. “I like to see a brand that people once never heard of grow,” says Simms, who’s greatly inspired by Combs’ entrepreneurial savvy. “I’ve had an amazing experience to date, but would truly like to see 100% ownership [with my own company in the future].”

Winning Advice: Simms advises young professionals to start working hard the minute they step foot into any job, even if it’s not their desired position. “It really goes to just being excellent wherever you are,” she adds while also saying there have been times where she’s been in Home Depot and paid attention to the person at the cash register who is moving the fastest. “You may not be at the position that you want to be, but you really never know who’s watching.” In addition to hard work, Simms also warns young professionals to never be blinded by the glitz and glam of the industry and to always keep business first. Even if you are on a million dollar yacht, Simms says “you need to treat it like business and take it seriously and understand the business before you understand the entertainment aspect.”

As a board of director for the organization Network for Teaching Entrepreneurship (NFTE), this marketing executive also advises that one of the best ways to have a career in entertainment is to break into it yourself. “Some of the best examples are people who are self-starters and still doing well years after years,” says Simms. “It’s their own company which gives them a different level of accountability.”

(Photo: Dia Simms, EVP, Blue Flame Agency Image: File)

  • Written by Courtney Connley, Black Enterprise
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