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 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.
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.
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.
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.
=Forbes