For another year, Forbes has listed REVOLT Chairman Sean “Diddy” Combs as the wealthiest man in hip-hop, with the coveted billionaire status possibly on the way.
Forbes reports that Diddy is worth $820 million, amassing his wealth from his deal with Diageo for Ciroc vodka, REVOLT, the alkaline water brand Aquahydrate and the tequila DeLeon.
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Friend, collaborator and fellow mogul Jay Z is close behind, with $810 million. Sprint invested $200 million into Hov’s streaming service Tidal, valuing it at $600 million – more than ten times what Jay paid for it when he first bought it. He also earns wealth from his company Roc Naiton, and his Armand de Brignac champagne.
Dr. Dre landed in third place with $740 million, still riding high off Apple’s $3 billion acquisition of Beats in 2014. Cash Money Records co-owner Birdman landed in the no. 4 spot with $110 million, with his earnings from Drake, Nicki Minaj and Lil Wayne under the label.
Drake is the youngest member of the top five. The 30-year-old is worth $90 million, based on his record-breaking streaming numbers, a blockbuster tour that grossed more than $1 million per night, and deals with Apple, Nike and Sprite.