Diddy Named Forbes’ Wealthiest Hip-Hop Artist, Dr. Dre and Jay Z Follow
Diddy told you that he won't stop. Forbes releases its annual list of wealthiest artists in hip-hop and the top honor goes to the Bad Boy Records mogul.
Raking in $735 million, Diddy not only has his hands in music over the past year, but also had major stakes in a number of companies. He owns enough of Sean John and Enyce, alkaline water product Aquahydrate and DeLeon tequila. He also founded the Revolt network, which has a mission to focus on music for television.
Taking the runner-up spot is Dr. Dre. Despite his previously predicted $3.2 billion deal with Apple after selling his Beats by Dre brand, Dre walked away with $500 million after taxes and taking 25 percent of the stake. Due to this, his earnings are $700 million, which means he only trails Diddy by $35 million.
Jay Z came in third with $550 million. And although he bought and took over TIDAL, Fortune reports that it's too early to find how much profit the Scandinavian music streaming service will actually earn him.
50 Cent comes in at the fourth spot with $155 million, which is due mainly to his deal with Vitaminwater. He also has investments with SMS headphones, Effen vodka and Frigo underwear. He shares stakes in the company with former New York Yankees captain Derek Jeter, pro basketball players Carmelo Anthony and Mathias Ingvarsson as well as the founder of NASA science-backed mattress purveyor Tempur-Pedic.
Birdman rounds out the list at $150 million, which is mainly due to his record label, Cash Money Records. And although there are rumors regarding Lil Wayne's departure due to the beef over his next album, the label is still a lucrative venture for the hip-hop star.
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