Diddy’s done it again! The rap mogul has once again been crowned the richest artist in The Forbes Fivelist for the second consecutive year running.
Last year, the Bad Boy Records boss reportedly netted a cool $550 million which elevated him ever closer to reaching new heights and becoming hip-hop’s first ever billionaire.
This comes as no shock to most, as the hip-hop mogul’s business minded expansion continues to flourish. His partnership with Ciroc Vodka, Sean John clothing line, Blue Flame marketing agency, as well as his newly signed deal with Comcast to launch his very own cable channel, Revolt, has put the 42-year-old on the cusp of making history.
His closest rival in the list was Jay-Z, who earned a staggering $460 million, partly due to his deal with Live Nation, his 40/40 club chain, stakes in the New Jersey Basketball team, and his highly coveted Watch The Throne tour with Kayne West.
Dr. Dre stakes in Beats Electronics saw him finish third amongst the money men of hip-hop with earnings of $270 million, whilst Cash Money CEO Birdman came fourth with $125 million and G-Unit linchpin 50 Cent finishing closely behind him to wrap up the list in fifth with $100million.