Richest Hip-hop artiste for 2012….guess who?
According to Forbes Magazine, Diddy is the closest to becoming a billionaire, leading the pack with a net worth of $550 million.
The Bad Boy Records founder has remained in mainstream entertainment for the last 15 years which span music, movies, reality television and clothing line with his knack for self-promotion.
Lately, he’s been channeling that energy towards Diageo-backed Ciroc vodka.
P Diddy is said to be receiving double-digit millions annually, as a share of profits as sales of the spirit rose to about 122% last year in the wake of strong demand for new flavor Ciroc Peach.
He has also increased his stakes in his clothing line Sean John.
It is estimated that the entertainment mogul is entitled to a nine-figure chunk of cash (billions) if his empire is to be sold.
Next to him on the prestigous list is Shawn Carter popularly referred to as Jay- Z at a worth of $450 million.
Jay-Z sold his Rocawear clothing label for $204 million in 2007 and signed a 10-year, $150 million deal with Live Nation in 2008.
Andre Young popularly called Dr. Dre is estimted to worth $270 million, Bryan Williams also known as Birdman is worth $125 million, while Curtis Jackson popularly known as 50cent is worth $110million.
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