With all the recent talk of top rappers such as Dr. Dre, Ja Rule, and Sean ‘P. Diddy’ Combs talking about retiring (don’t forget Eminem and even Lil’ Bow Wow who have made similar comments), MTV News explored the talk behind getting out of the game. Horace Madison, co-founder of the Madison Smallwood Financial Group, money managers for a who’s who of hip-hop and R&B, including Usher, Swizz Beatz, Outkast and Mase explained, “A lot of people get burnt out by this industry, they get tired of the pressure, the expectations, everyone pulling them in all directions. But most of them also don’t understand what retirement involves, the effects of inflation or estate planning issues and they’re not set financially, emotionally or socially. Once they have to stand in line to get into a restaurant and realize that they maybe only had 12 of their 15 minutes of fame, those other three minutes might not look so bad anymore.” Read more.
You can adjust all of your cookie settings by navigating the tabs on the left hand side.