Billboard has published its list of 2020 Money Makers and unsurprisingly, several rappers have made the cut.
in the article published Monday (July 19), the COVID-19 pandemic made a major dent in everyones income considering the concert industry was non-existent, which is where a large percent of artists make their money. Musics top earners collectively pulled in $387 million last year, down from $969 million the year prior. Even so, artists such as Drake, Post Malone and Lil Baby still raked in million of dollars thanks to the increase in streaming. Recorded-music royalties from sales, streaming and publishing collectively grew 56 percent, from $197 million in 2019 to $308 million, the article states. Individually, artist streaming royalties increased a whopping 82 percent year to year, from $106 million to $193 million, and accounted for just under 50 percent of the top 40 Money Makers total income. Sales royalties, digital and physical, were also up 39 percent, from $42 million to $59 million; a trend that continues so far this year. While rock acts landed the most spots on the list, Hip Hop/R&B had the most gains. Six Hip Hop artists who didnt make the cut for the 2019 list ranked in the Top 20. But it was pop princess Taylor Swift who took the crown with $23.8 million followed by