March 28, 2013 08:49:23 GMT
The Bad Boy Records founder is followed in the Forbes Five by Jay-Z, Dr. Dre, Birdman and 50 Cent in respective order.
P. Diddy is the richest guy in Hip-Hop industry, so Forbes says. The Dirty Money leader takes the crown this year after beating such prominent musicians as Roc Nation founder and Brooklyn Nets' co-owner Jay-Z, rapper/producer and Beat Electronics' CEO Dr. Dre, Young Money's label boss Birdman, and G-Unit's honcho 50 Cent.
Diddy ranks No. 1 on the yearly list with an estimated net worth of $580 million, thanks to his non-musical ventures including a lucrative deal with Diageo's Ciroc. Jay-Z follows at No. 2 with a net worth of $475 million he mostly earned from his Rocawear sale ($204 million). His other sources of income include his pact with Live Nation and the Barclays Center.
Dr. Dre comes next at the third place in the Forbes Five, pocketing around $350 million in the past twelve months mainly from his Beats by Dr. Dre headphones. Though the top-notch rhymer has sold half 51% of the company to handset maker HTC, his investments continue to grow stronger and he managed to bring back half of the half he sold last year.
Birdman occupies the fourth place with $150 million, bagging profits from his record label which becomes a home of chart-topping and huge-selling artists like Drake, Nicki Minaj and Lil Wayne. 50 Cent closes the list at No. 5 with $125 million that comes from the sales of his music and his stake in VitaminWater's parent Glaceau to Coca-Cola among others.