Twitter News Diddy, Drake, Guns N’ Roses: Forbes’ Highest-Paid Musicians Of 2017 Facebook Who Made Forbes’ 2017 Highest-Paid List? diddy-drake-guns-n-roses-forbes-highest-paid-musicians-2017 Who’s getting paid and then some? Check out the full top 10 list of highest-paid musicians courtesy of ForbesTim McPhateGRAMMYs Dec 8, 2017 – 8:09 am “Success doesn’t just end up on your lap. You have to work, work, work, and work some more.” Wise words from Sean “Diddy” Combs,” who personally knows a thing or two about working hard and positive results. The GRAMMY-winning mogul has worked his way to the top of many a mountain, including a new one: the top of Forbes’ top 10 list of highest-paid musicians in 2017. Diddy parlayed a Bad Boy Family Reunion Tour, a Cîroc vodka deal and the sale of 33 percent of his Sean John clothing line to pull in a cool $130 million.”I started looking at business at the age of 12, [from] delivering newspapers to working in gas station bathrooms, or even doing things like being a background dancer or a stylist,” Diddy told Forbes earlier this year. “Whatever I could do to get close to the industry.”Beyoncé placed second on the list with $105 million, driven by her successful Queen Bey Formation World Tour. Drake landed the No. 3 spot with $94 million, driven by his successful Boy Meets World Tour.Forbes’ list was based on pretax income earned between June 1, 2016, and June 1, 2017, with data collected from Nielsen SoundScan, Pollstar, the RIAA and interviews with industry insiders. View the entire list below.1. Diddy: $130 million2. Beyoncé: $105 million3. Drake: $94 million4. The Weeknd: $92 million5. Coldplay: $88 million6. Guns N’ Roses: $84 million7. Justin Bieber: $83.5 million8. Bruce Springsteen: $75 million9. Adele: $69 million10. Metallica: $66.5 millionApple Reveals Top Albums Of 2017 Email Read more
Canadian prime minister Justin Trudeau (L) and Britain’s Queen Elizabeth II (R). File photoUS commerce secretary Wilbur Ross has business ties to a shipping firm linked to Vladimir Putin’s inner circle, according to a vast leak of financial documents that also revealed Britain’s Queen Elizabeth II’s investments in tax havens.It was also revealed that Canadian prime minister Justin Trudeau’s top fundraiser and senior advisor Stephen Bronfman, heir to the Seagram fortune, moved some $60 million to offshore tax havens with ex-senator Leo Kolber.The findings have emerged as part of the Paradise Papers released by the US-based International Consortium of Investigative Journalists (ICIJ), which was behind the Panama Papers made public last year.There is no suggestion that Ross, Bronfman or the queen’s private estate acted illegally.But Ross’s ties to Russian entities raise questions over potential conflicts of interest, and whether they undermine Washington’s sanctions on Moscow.The revelations about Bronfman could spell trouble for Trudeau, who was elected two years ago riding on the coattails of promises to reduce economic inequality and tax avoidance.In the case of Queen Elizabeth’s private estate, critics may question whether it is appropriate for the British head of state to invest in offshore tax havens.Putin’s son-in-lawRoss, a billionaire investor, holds a 31 percent stake in Navigator Holdings through a complex web of offshore investments detailed in the documents examined by nearly 100 news organizations as part of an international collaboration.The 79-year-old reduced his stake when he took public office, according to public filings.Navigator Holdings runs a lucrative partnership with Russian energy giant Sibur, which is partially owned by Putin’s son-in-law Kirill Shamalov and Gennady Timchenko, the Russian president’s friend and business partner who is subject to US sanctions.The US imposed sanctions on Russian entities and individuals following its annexation of Crimea and aggression in Ukraine.Ross’s private equity firm has been the biggest shareholder in Navigator.His personal share of the firm’s stake was reduced when he took office in February, but the commerce chief’s investment is still valued at between $2 million to $10 million, according to his security filings and government ethics disclosure.The New York Times reported that Ross’s stake in Navigator has been held by companies in the Cayman Islands. His wealth, estimated to exceed $2 billion, is said to be tied to similar arrangements in various tax havens like the Cayman Islands.“Secretary Ross was not involved with Navigator’s decision to engage in business with Sibur, a publicly traded company, which was not under sanction at the time and is not currently,” said James Rockas, a Commerce Department spokesman.“Moreover, Secretary Ross has never met the Sibur shareholders referenced in this story and, until now, did not know of their relationship.”Controversial businessesThe documents also show around £10 million ($13 million) of the Queen’s private money was placed in funds held in the Cayman Islands and Bermuda, first reported in Britain by the BBC and the Guardian newspaper.They reported the funds reinvested the money in an array of businesses, including controversial rent-to-buy retailer BrightHouse, which has been accused of exploiting the poor, and a chain of alcohol stores that later went bankrupt.A spokeswoman for the Duchy of Lancaster, which provides the monarch with an income and handles her investments, said: “All of our investments are fully audited and legitimate.”“We operate a number of investments and a few of these are with overseas funds,” she added.The spokeswoman added that one of the fund investments represents only 0.3 per cent of the total value of the Duchy.The Paradise Papers contain 13.4 million documents mainly from Appleby, an offshore law firm with offices in Bermuda and beyond.The files were first obtained by the German newspaper Suddeutsche Zeitung, and shared with the ICIJ and partner media outlets.