“I come from a very small place called The Bronx,” the Barbados-born Grandmaster Flash told the banquet ceremony at the Grand Hotel in Stockholm. This self-made music bed served for the break-dancers, and later, for the MC’s.”Each laureate receives prize money of one million Swedish Kronor or about $130,000. Grandmaster Flash and the Furious Five were inducted into the Rock and Roll Hall of Fame in 2007, the first hip hop act to be honored. The Polar Music Prize was founded in 1989 by the late Stig Anderson, the publisher, lyricist and manager of ABBA. His label was called Polar Music.

Source: Forbes June 11, 2019 20:10 UTC