Jay Z has been dethroned as the richest hip hop star
in the world. And no one else but his friend and business mogul, Sean
'Diddy' Combs is now the Richest Man in hip hop.
According to the recent Forbes list, Diddy ranks No. 1 on this year’s Forbes Five, list of hip-hop’s wealthiest artists,
with an estimated net worth of $580 million. The bulk of the Bad Boy
Records founder’s wealth comes from non-musical ventures, namely his
deal with Diageo ’s
Ciroc. The agreement entitles him to eight-figure annual payouts and a
nine-figure windfall if the brand is ever sold and Ciroc’s value has
never been higher.
The No. 2 spot goes to Shawn “Jay-Z”
Carter, with a net worth of $475 million. He’s still rolling in cash
from megadeals like his $204 million Rocawear sale in 2007 and his $150
million pact with Live Nation the following year.
Andre
“Dr. Dre” Young ranks third with $350 million, thanks mostly to his
Beats by Dr. Dre headphones. Bryan “Birdman” Williams owns the No. 4
spot, riding his Cash Money/Young Money empire to a fortune of $150
million and rounding off the list is Curtis “50 Cent” Jackson at $125
million; with the bulk of his fortune coming from heavy sales of his
music, merchandise, video games and books in the wake of his smash
debut Get Rich or Die Tryin’ and particularly from his payout for the sale of his stake in Vitamin Water parent Glacéau to Coca-Cola in 2007.
Guys what do you think of this new list? Hit us with your thoughts below.
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