Sean Combs formerly known as Puff Daddy, who brought the
world artist such as Notorious B.I.G., The Lox, Mary J. Blige, 112, Total, Lil
Kim, and a host of other talented artist that contributed to his success P
Diddy has overtaken Jay-Z as the richest hip-hop artist, according to Forbes,
with a net worth of $550 million.
The Bad Boy Records founder has many
business ventures, including Ciroc vodka, which saw a 122 per cent sales spike
last year, as well as his Sean John and Enyce clothing lines, his marketing
firm Blue and a handful of business start-ups, which have helped him accumulate
a huge personal fortune.
Last year's richest hip-hop artist Jay-Z was left in
second place with a net worth of $460 million thanks to his recent Watch The
Throne tour, which will come to the UK at O2 Arena in London on May 20, as well
his multi-million dollar deal with Live Nation, his 40/40 Club chain and
cosmetics company Carol’s Daughter.
The other artists featured in the list
are Dr Dre ($270 million), Birdman ($125 million) and 50 Cent ($110 million).
Dr
Dre is rumored to be planning a tour with the hologram version of Tupac, which
was unveiled for the first time at the Coachella Festival at the weekend.
Speaking to MTV, Sean P-diddy Combs claimed not to be fussed by the list,
commenting: "I think people think that I have that money actually sitting
at home in the basement. To everyone calling me for a loan today, I do not have
that money today." The list was compiled using the same methodology which
Forbes uses to calculate The World’s Billionaire’s list, looking at the past
earnings, valuing current holdings and gauging the opinions of financial
experts and industry insiders. Reference http://www.nme.com/news/p-diddy/55408
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