Diddy is world’s richest rapper
By Jonah Bayer • Mar 11, 2011 at 11:15 AM
Breaking News
If you need to borrow some money, we suggest asking Diddy. Forbes Magazine just released their latest list of the wealthiest hip-hop stars and Diddy claimed the Number One slot with a net worth of $475 million. Yes, you read that right, Diddy is reportedly worth almost half a billion dollars.
How did Forbes determine this? Well, Diddy has stake in Bad Boy Records and Sean John clothing as well as a portion of Ciroc Vodka. Jay-Z is right behind him with a net worth of $450 million; Hova sold his stake in Rocawear clothing in 2007 for $204 million and three years ago he signed a ten-year $150 million deal with Live Nation. Oh, and Jay also owns part of the New Jersey Nets and a line of nightclubs.
Who else made the cut? Dr. Dre came in at $125 million while Birdman and 50 Cent are determined to be worth $100 million each. You may remember that back in 2007 50 Cent sold his stake in Vitaminwater to Coca-Cola for a reported $400 million but that amount was never actually made public; plus, we’re guessing that dude has bought a lot of bling over the past four years.
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