In late 1997, The Source magazine celebrated the release of its 100th issue with an enormous bash at the Hammerstein Ballroom. Hip hop’s era of excess was at its blinged-out height. Everybody was getting money and flaunting it. Even the journalists. Before the party, Dave Mays, the co-founder and co-owner of The Source, distributed diamond-encrusted medallions emblazoned with the company logo to about 10 members of the staff. They were later appraised at $7,000. Read More
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