28 March 2013

Sean 'Diddy' Combs tops Forbes' list of wealthiest hip-hop artists.



It’s all about the Benjamins, baby,” Sean “Diddy” Combs proclaimed in 1997 on his debut album, back when he was known as Puff Daddy. He rapped about wanting to be a “shot-caller,” and, well, now he definitely has enough Benjamins to call the shots. Today Forbes reported who the world’s five wealthiest hip-hop artists are, and Combs topped the list with an estimated net worth of $580 million. The rapper-actor-producer-entrepreneur also was number one on the list last year, when his net worth was a reported $550 million.

 Read on to see who else rounds out the list:



Top 5 Hip Hop Cash Kings:
Diddy: $580 Million
Diddy ranks No. 1 on this year’s Forbes Five, our 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.
Jay-Z: $475 Million
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. He continues to hold stakes in Roc Nation, Carol’s Daughter, the Brooklyn Nets—and, more significantly, the Barclays Center itself—while adding new partnerships with the likes of Duracell, Budweiser and Bacardi’s D’ussé Cognac.
Dr. Dre: $350 Million
Andre “Dr. Dre” Young ranks third with $350 million, thanks mostly to his Beats by Dr. Dre headphones. A year after selling 51% of the company to handset maker HTC for $300 million in August 2011, Dre and his partners bought back half of the half they sold in 2012—and their investment continues to soar in value due to Beats’ whopping 65% market share of the premium ($99 and up) headphone market.
Birdman: $150 Million
Bryan “Birdman” Williams owns the No. 4 spot, riding his Cash Money/Young Money empire to a fortune of $150 million. His roster includes Drake, Nicki Minaj and Lil Wayne (the latter crossed the $100 million threshold for the first time this year, by our estimates, but remains just outside the top five). Birdman also recently launched a YMCMB clothing line and a spirit called GT Vodka.
50 Cent: $125 Million
Rounding out the list is Curtis “50 Cent” Jackson at $125 million. He’s another master of brand building: The bulk of his fortune came 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 VitaminWater parent Glacéau to Coca-Cola in 2007.

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