Forbes has released it’s annual “Hip-Hop’s Wealthiest Artist” list and once again, Diddy takes the #1 spot. The Top 5 are identical to last year’s list, but Dr. Dre surpassed JAY Z for the second podium.
1. Sean “Diddy” Combs ($700 MM)
Diddy keeps his crown yet another year, pushing ever closer to the billion-dollar mark thanks mostly to non-musical ventures. His newly-launched Revolt TV provides him with a majority equity stake that could one day make him hip-hop’s first billionaire. The artist formerly known as P. Diddy has plenty of other ventures, including a deal with Diageo’s Ciroc that entitles him to eight-figure annual payouts and a nine-figure windfall of the brand is ever sold.
2. Andre “Dr. Dre” Young ($550 MM)
The California-bred superproducer leapfrogs Jay Z on this year’s list, fueled by the runaway success of Beats by Dr. Dre headphones, which he cofounded with record executive Jimmy Iovine in 2008. With a whopping 65% market share of the premium headphone market and a recent $500 million infusion from Carlyle Group, Beats’ value is soaring toward $2 billion.
3. Shawn “Jay Z” Carter ($520 MM)
Megadeals like his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation in 2008 provide Jay Z’s fortune with firm footing. But the bulk of its growth this year comes from new ventures. Jay Z’s Roc Nation is worth a healthy nine figures itself thanks to the addition of Roc Nation Sports, which gets a single-digit percentage cut of pacts like Robinson Cano’s $240 million monster.
4. Bryan “Birdman” Williams ($160 MM)
Birdman’s number would be over $300 million if he didn’t share his fortune with brother Ronald “Slim” Williams, with whom he cofounded Cash Money Records two decades ago. Cash Money continues to grow with a roster that includes Drake, Nicki Minaj, Lil Wayne and even Paris Hilton; diversification is on the way with Cash Money Content, a YMCMB clothing line and GT Vodka.
5. Curtis “50 Cent” Jackson ($140 MM)
One of the most successful rappers of the past decade, 50 actually owes most of his fortune to his $100 million haul from the sale of VitaminWater in 2007. Now he’s trying to recapture that magic with companies like SMS Audio and SK Energy. In the meantime, he’ll reboot his music career by taking his G-Unit Records independent and releasing new album Animal Ambition.