Few celebrities are as open about their annual income, net worth, and spending habits as rappers. (NYC comedian Michael Che has a pretty great joke on that note: "I didn't give money to Mitt Romney's campaign, but I did buy Kanye West tickets and that's similar; I basically just gave somebody money to listen to how irresponsibly he wanted to spend my money.") And, because rappers will not only rent exotic cars for music video shoots, but actually rent Ferraris and pass them along as their own while filming Cribs, the quest to one-up everyone sometimes leads to a stretching of the truth. Yes, despite what Pitbull "raps," Mr. 305 is not worth a billion dollars.
Bloomberg BusinessWeek crunched the numbers to find the biggest gaps between a few rappers' stated wealth and their actual income. Major findings: Jay-Z is actually telling the truth, Nicki Minaj... not so much. (Click the picture to view the graph.)
While the graphic is cool, I'd be remiss to not point out a couple of (pretty egregious) mistakes made by the fine writers at BW. Several of the rappers (namely Rick Ross, Ludacris, and Nas) are clearly referring to their net worth. BW only gives their yearly annual income. Big difference.
And, yes, for a group of free-spenders not exactly known for smart financial acumen, this mistake would classify as ironic.