Worlds top magazine, Forbes latest release of world’s wealthiest hip hops artists has seen
Sean Diddy Combs, popularly known as Puff Daddy remain number one on
the list. Although fellow rapper Jay Z fortunes rose 30 percent last year to
give him an estimated net worth of 810 million dollars, it was not
enough to dethrone Sean Diddy Combs from the top of Forbes annual list
released yesterday.
Combs retained his No. 1 spot with an estimated net worth of 820
million dollars, helped by his lucrative deals with Ciroc Vodka, and his
Sean John clothing line, Forbes said.
But rapper and producer Jay Z moved into second place with 810
million dollars thanks largely to a 200 million dollars investment in
his Tidal music streaming service from wireless carrier Sprint in
January. The company is now said to be worth more than 10 times his
initial investment.
According to Forbes, Jay Z also augments his portfolio with a
champagne brand, Armand de Brignac, and a growing entertainment company,
Roc Nation
Forbes produced the list by looking at past earnings and financial
documents, valuing current holdings, and talking to analysts, attorneys,
managers, and other industry players.
The top 5 was rounded out by Dr. Dre ($740 million), rapper and Cash
Money Records co-owner Bryan “Birdman” Williams ($110 million), and
Canadian rapper Drake with an estimated 90 million dollars.