Jay Z has been dethroned as the richest hip hop star in the world. And no one else but his friend and business mogul, Sean 'Diddy' Combs is now the Richest Man in hip hop.
According to the recent Forbes list, Diddy ranks No. 1 on this year's Forbes Five, list of hip-hop's wealthiest artists, with an estimated net worth of $580 million. The bulk of the Bad Boy Records founder's wealth comes from non-musical ventures, namely his deal with Diageo 's Ciroc. The agreement entitles him to eight-figure annual payouts and a nine-figure windfall if the brand is ever sold and Ciroc's value has never been higher.
The No. 2 spot goes to Shawn "Jay-Z" Carter, with a net worth of $475 million. He's still rolling in cash from megadeals like his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation the following year.
Andre "Dr. Dre" Young ranks third with $350 million, thanks mostly to his Beats by Dr. Dre headphones. Bryan "Birdman" Williams owns the No. 4 spot, riding his Cash Money/Young Money empire to a fortune of $150 million and rounding off the list is Curtis "50 Cent" Jackson at $125 million; with the bulk of his fortune coming from heavy sales of his music, merchandise, video games and books in the wake of his smash debut Get Rich or Die Tryin' and particularly from his payout for the sale of his stake in Vitamin Water parent Glacéau to Coca-Cola in 2007.
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