Sean “Diddy” Combs Named AS Wealthiest Hip Hop Artist Of 2012
Forbes recently announced the five wealthiest Hip Hop artists of 2012, and guess who sits at the top of the list.
Diddy reigns supreme at the top with a net worth of $550 million, thanks to his investment in Ciroc vodka, Sean John and Enyce clothing lines, his record label Bad Boy. Additionally, there is speculation that his cable channel Revolt could make him a billionaire in 2013.
Jay-Z comes in second with $460 million thanks to him cashing out on his stake in Rocawear clothing for $204 million in 2007. His business ventures flesh out his net worth, with stakes in the New Jersey Nets, the 40/40 Club chain, his ad firm Translation and more.
Dr. Dre comes in a far third with $270 million and this is mostly due to his high paying investment in Beats Electronics.
Birdman places at No. 4 with a sum of $125 million followed by 50 Cent who ends the top five list $110 million good to his name.
Where will these moguls be next year? Well one thing is for sure, they won’t be broke!