: Where do rappers get all that money from?
In: Economics
Rappers/Singers in general get most of their money from live shows. Each person paying $100 for a ticket at a venue that holds 65k people amounts to around 6million. After you’ve paid the venue, crew, travel and taxes, you can walk away with like 2million. Multiply that by however many shows are in the tour (typically around 100) then you’ve walked away with like 200million, but that still has other fees that the artist hasn’t paid out yet (publisher, mangers, lawyers, agents, stylists, day to day stuff etc) so I like to cut that down to 100million to be safe. But they also have poor money management typically and either overspend or just throw it away on stupid stuff, so cut that in half again..
Note: artists make more money from live shows than sales btw
Source: interned for a record label
Edit: added the note
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