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Friday, 29 March 2013

P. Diddy tops latest Hip hop's richest list

Sean “Diddy” Combs ranks number 1 this year’s Forbes 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.

The No. 2 spot goes to Shawn “Jay-Z” Carter, with a net worth of $475 million. With continued cash from megadeals like his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation the following year, his continued 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, he is sitting pretty.

Andre “Dr. Dre” Young ranks third with $350 million, thanks mostly to his Beats by Dr. Dre headphones.

Bryan “Birdman” Williams owns the No. 4 spot, riding his Cash Money/Young Money empire to a fortune of $150 million.

Curtis “50 Cent” Jackson at $125 million is ranked fifth