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P. Diddy Is the Wealthiest Man in Hip-Hop

The 2011 Jackie Robinson Foundation Awards Gala - Dinner ROBIE Achievement in Industry Award recipient Sean "Diddy" Combs speaks onstage at the 2011 Jackie Robinson Foundation awards gala atThe Waldorf=Astoria on March 7, 2011 in New York City. (Getty Images)more pics » Sean Combs (Getty Images) Nice job, P. Diddy. The rapper beat out Jay-Z -- who has an estimated wealth of $450 million -- to claim the top spot in a list compiled by Forbes magazine, thanks to his fortune of $475 million.

The rapper and producer’s wealth is fueled by his Sean John clothing brand, Bad Boy Worldwide record label and his vodka brand Ciroc -- a joint venture with drinks brand Diageo -- which generates his largest profit.

Diddy, who has humble roots, recently splashed out on his son, Justin, buying him a $400,000 limousine for becoming an Honors student. Still, he insists none of his seven children are spoiled by wealth.

He said: "Justin has turned himself around so I wanted to treat him. Maybe he will use the car for special occasions like on a first date, but like all my kids, he prefers the simpler things than the expensive things. Simple tastes."

Although Diddy has the most accumulated wealth, Jay-Z was the highest earning hip-hop star of 2010, making some $63 million -- more than double the $30 million taken by Diddy.

Jay-Z’s accumulated wealth is from his 50 million album sales, tour revenue, 40/40 nightclub chain and a stake in the Basketball team New Jersey Nets.

Third on the list was producer Dr. Dre, with $125 million, although his net worth is expected to increase when he makes a comeback this year.

In joint fourth and fifth place are rapper and entrepreneur 50 Cent, and Bryan Birdman’ Williams, the founder of hip-hop label Cash Money records, who are worth some $100 million each.

Forbes
Magazine’s five wealthiest artists:
1.      P. Diddy
2.      Jay-Z
3.      Dr. Dre
4.      = 50 Cent
5.      = Bryan ‘Birdman’ Williams

More P. Diddy pictures (click any photo):
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner
  • Sean Combs in The 2011 Jackie Robinson Foundation Awards Gala - Dinner


Which celebrity would make the best shopping buddy?
Which celebrity would make the best shopping buddy?
Which celebrity would make the best shopping buddy?
The perfect shopping pal has a gift for gab and a passion for fashion. Who would you shop with?

View Sean Combs Pictures »
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