Hip-Hop mogul Sean “P. Diddy” Combs has joined the unique rap billionaire membership, changing into the second wealthiest rapper on the earth.
Months in the past, that title was held by producer-turned-rapper-turned-designer Kanye West till he began floating concepts about George Floyd’s dying not being a homicide and spewing antisemitic rhetoric— language that alienated him from his enterprise companions and allies.
Even Diddy, aka Brother Love, tried to curb his good friend however discovered himself mocked and ridiculed by Yeezy.
Nonetheless, now, Diddy finds himself because the second highest-ranking billionaire rapper on the earth after nearly 35 years of grinding within the business.
In keeping with ZogBlog, a publication by former Forbes journalist Zack O’Malley Greenburg, the Dangerous Boy’s investments and enterprise offers have paid off.
“Diddy turns into the third billionaire minted by Hip-Hop surging previous Ye on the power of a number of belongings which have weathered the pandemic remarkably effectively,” he wrote. “The worth of his extremely resilient Cîroc partnership with Diageo—which capabilities like an fairness stake whereas creating money flows for Diddy within the neighborhood of $60 million yearly—continues to account for the majority of his fortune.”
Greenburg additionally highlighted different companies which have contributed to the rating.
“The success of different belongings, together with DeLeón tequila (he owns half) and Revolt (he’s the bulk shareholder), in addition to his music catalog, startup investments, and a substantial assortment of worldly possessions, have lastly pushed the impresario into ten-figure territory,” O’Malley Greenburg knowledgeable.
He additionally shared that Ye stays one of the financially safe artists within the tradition, rocking out with half a billion primarily based on his 5% stake in ex-wife Kim Kardashian’s $3.2 billion shapewear line, his grasp recordings and music publishing and the Yeezy model.
Rap star Jay-Z topped the checklist with a internet price of $1.5 billion, Diddy was #2 with $1 billion, and Kanye was listed at #3 with $500 million.
A newcomer to the checklist was rapper/marijuana entrepreneur Berner, who overtook Dr. Dre with a internet price of $410 million, due to his extremely profitable Cookies model, which has 48 shops within the U.S. and all over the world.
Dr. Dre landed at #5 with $400 million due to his sale of Beats to Apple in August of 2014 in a money and inventory deal.
