Sean "Diddy" Combs Is The Richest Man In Hip Hop
Sean "Diddy" Combs is officially recognized as the richest man in hip-hop. Business ventures like alcohol commercials, music labels, clothing lines and of course launching the career of other rappers, has helped Combs gain his fortune.
Forbes magazine editors estimate Diddy has a fortune of $475 million, with rap mogul Jay-Z coming in at $450 million.
Dr. Dre came in a distant third with $125 million, while Birdman and 50 Cent tied for fourth with estimated $100 million fortunes.
Forbes says while compiling the list, they followed the same procedures they use to calculate the list of the world's billionaires - valuing current holdings, looking at past earnings, leafing through financial documents and talking to a bevy of analysts, attorneys, managers and other industry players to find the nitty-gritty details. "We considered only performers, which is why hip-hop mogul Russell Simmons isn't on this list."