Rapper, Diddy becomes a billionaire and replaces Kanye West as the second richest?hip-hop?artist. Diddy Becomes A Billionaire, Berner Surpasses Dr. Dre As One Of The Richest Rappers On Earth
- Sean Combs, also known by his stage names Puff Daddy, P. Diddy, Diddy, or Puffy, is an American rapper, singer, record producer, record executive, actor, and entrepreneur.
- Born in New York City, he worked as a talent director at Uptown Records before founding his own record label, Bad Boy Records in 1993. Wikipedia
- Born: November 4, 1969 (age 52 years), Harlem, New York, United States
- Children: King Combs, Justin Dior Combs, Jessie James Combs, Chance Combs, D’Lila Star Combs
- Height: 1.78 m
- Education: Black Nexxus, Mount Saint Michael Academy, Howard University
- Record labels: Bad Boy Records, Uptown Records,
Diddy has become the second-richest hip-hop star, surpassing Kanye West and replacing him on the list of 2022’s wealthiest hip-hop artists.
The 52-year-old rapper and record producer is now officially declared a billionaire, with his net worth estimated at $1 billion. The huge jump in Diddy’s earnings is attributed to his investment in Ciroc, which is valued at around $60 million.
View this post on Instagram
Other assets, including Revolt and DeLeón Tequila, also contribute to his net worth.
The list is topped by Jay-Z, who has a net worth of $1.5 billion.
Kanye is now at the third spot on the list with a net worth of $500 million. Berner and Dr. Dre occupy the last two spots in the ranking with an estimated wealth of $410 million and $400 million, respectively.
The rapper apparently lost $1.5 billion last week after Adidas decided to part ways with him over his frequent antisemitic statements. The brand pulled the plug on its deal with Ye’s apparel brand on October 25.
The remaining of Kanye’s wealth now comes from his 5% stake in SKIMS, his ex-wife Kim Kardashian’s shape-wear brand, and through his earnings from his music career and real estate holdings.
“Diddy becomes the third billionaire minted by Hip-Hop surging past Ye on the strength of several assets that have weathered the pandemic remarkably well,” he wrote. “The value of his incredibly resilient Cîroc partnership with Diageo—which functions like an equity stake while creating cash flows for Diddy in the neighborhood of $60 million annually—continues to account for the bulk of his fortune.”
Greenburg also highlighted other businesses that have contributed to the ranking.
“The success of other assets, including DeLeón tequila (he owns half) and Revolt (he’s the majority shareholder), as well as his music catalog, startup investments, and a considerable collection of worldly possessions, have finally pushed the impresario into the ten-figure territory,” O’Malley Greenburg informed.
He also shared that Ye remains one of the most financially secure artists in the culture, rocking out with half a billion based on his 5% stake in ex-wife Kim Kardashian’s $3.2 billion shapewear line, his master recordings and music publishing and the Yeezy brand.
Rap star Jay-Z topped the list with a net worth of $1.5 billion, Diddy was #2 with $1 billion, and Kanye was listed at #3 with $500 million.
A newcomer to the list was rapper/marijuana entrepreneur Berner, who overtook Dr. Dre with a net worth of $410 million, thanks to his incredibly successful Cookies brand, which has 48 stores in the U.S. and around the world.
Dr. Dre landed at #5 with $400 million thanks to his sale of Beats to Apple in August of 2014 in a cash and stock deal.