Last year, Forbes reported that the hip-hop legend was worth $350 million. Now, this year, it’s being reported that Diddy is worth $580 million, giving him the number one spot on Forbes’ annual Hip-Hop’s Wealthiest Artists list.
Coming in at number two is the big homie Jay-Z, who is worth $475 million (up 15 mill). Rounding out the rest of the top five is Dr. Dre, who is worth $350 million (up 50 mill), Birdman, who is worth $150 mill (up $25 Ms) and 50 Cent, who has $125 million in the bank (up 15 million from last year).
If the list looks somewhat familiar, it’s because it is: it’s the same five people, in the same order as last year.
If you were wondering how Forbes comes up with their list, here’s what they wrote:
“In order to complete our Forbes Five list, we followed the same procedures we use to calculate our list of the world’s billionaires: looking at past earnings, valuing current holdings, leafing through financial documents and talking to analysts, attorneys, managers, other industry players and even some of the moguls themselves to find the nitty-gritty details.”