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Quote :: Diddy Named Wealthiest Hip-Hop Artist by Forbes

By The Editors of Boombox Posted Mar 11th 2011 01:45AM

Forbes has revealed their list of Hip-Hop's Wealthiest Artists, and not surprisingly, Diddy and Jay-Z are holding down the top two positions, respectively.

Jay-Z has made an appearance on Forbes' lists for four years in a row,
with earnings of $63 million last year, in addition to the No. 1 spot
for Top Earning Celebrity Couples, with wife Beyonce.

Diddy, also a consistent contender on the list, claimed the No.1 spot
with $475 million, Jay-Z at No. 2 with $450 million, Dr. Dre with $125
million, 50 Cent at No. 4 with $100 million and Cash Money CEO Birdman tying at No. 5 with $100 million.

Diddy's colossal earnings are attributed to his stakes in Bad Boy
Worldwide Records, Sean John Clothing and his joint business deal with
Ciroc vodka, while Jay-Z's success is attributed to endeavors in
fashion and food in addition to personal musical success and his Roc
Nation label.

Forbes says they picked the list by "valuing current holdings, looking
at past earnings, leafing through financial documents and talking to a
bevy of analysts, attorneys, managers and other industry players to
find the nitty-gritty details."

Only performers were eligible for the list, which was kept at a
five-person minimum due to the lack of financial information on rappers
earning less than $100 million. Forbes also released an updated list of
the world's billionaires.

Diddy named wealthiest hip-hop artist by Forbes