When it comes to wealth in hip-hop, Sean “Puff Daddy” Combs is the one running things.
According to reports the rap mogul topped Forbes magazine’s 2014 list of Hip-Hop’s Wealthiest Artists with a net worth of $700 million. The achievement, which puts Puffy/Diddy/ Daddy closer to becoming hip-hop’s first billionaire, can be considered familiar ground for Combs in light of him being number one on Forbes’ list since it started in 2011.
Regarding this fiscal cycle, Combs has seen his net worth increase by $120 million since the launch of his music channel, Revolt TV, last year.
Holding down the number two spot on the list is Dr. Dre with $550 million. The millions made from the success of his Beats by Dre headphones played a major role in the influential beatmaker’s standing on the list.
Ironically, Dre’s #2 ranking was occupied by Jay Z, who was the #2 man on the list in 2013. This year, Jay claims the #3 spot with $520 million. The amount comes largely from Jay Z’s deal with Samsung to exclusively release his most album, Magna Carta Holy Grail. A multi-million dollar paycheck last year in addition to the money made from royalties, touring and his Roc Nation imprint comprise the rest of the $520 million.