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Billboard released their first Power 100 list on Friday, with both Jay-Z and Beyonce on it.
Billboard.com describes the list as “a ranking of where power and influence resides in the music business and the industries that intersect with it.”
In total, 11 artists made the list, with Jay-Z and Beyonce ranked highest at number 13 collectively. The basis for the decision is not only their incredible albums sales and Billboard chart hits, but also the numerous business ventures that they have undertaken over the years.
Jay-Z has produced his own clothing line, wrote his own book, created his own label, RocNation, served as CEO of Def Jam Records, and has ownership in numerous 40/40 clubs and the New Jersey Nets.
Beyonce, on the other hand, has a sponsorship deal with L’Oreal, as well as her own fragrance and a clothing line, House of Dereon.
Reuters reports that rock band U2, Taylor Swift, Lady Gaga and Jon Bon Jovi all made the list.
Billboard reports that Irving Azoff, the chairman of Live Nation, which is ”the world's largest promoter, ticketing company and artist management group,” came in at number one on the list.
Coran Capshaw, who is the manager of many popular acts such as The Dave Matthews Band and also is the founder of Red Light Management, came in at number two.