Every year Vanity Fair picks its most profitable and influential list, dubbed “The New Establishment”. This year, several people in the music industry made their list including rocker turned politician Bono, hip hop artist Jay-Z, and grandpa Mick Jagger. What does it take to become one of the New Establishment? According to Vanity Fair, they spend money like it grows on trees, the broken economy does not seem to be effecting their ability to make a profit, and they have had their fair share of controversy.Bono has never shied away from controversy. And this year there have been many for the U2 front man as he juggles the roles of rocker, humanitarian , and capitalist. His group U2 will soon release their new album and have signed a deal with Live Nation; that is said to be worth hundreds of millions. The capitalist Bono holds shares in Elevation Enterprises, which buys up struggling companies, and his Dublin hotel has been criticized due to renovations resulting in the destruction of historical buildings. The humanitarian in him raised over $43 million for AIDS in Africa.Jay-Z signed a mega deal with Live Nation, which will invest in his concert tours, recordings, and merchandise…. Read full this story
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