Cousins! It’s been a long time coming and the moment is finally here as Bad Boy CEO Sean Diddy Combs has officially taken his place on the billionaire’s list!
According to new reports from Forbes , Diddy has been added to the list of 2022’s wealthiest Hip Hop artists. He is now listed as the third billionaire in Hip Hop history. It has been stated that a bulk of his wealth derives from his partnership with Ciroc, additional assets such as Revolt and DeLeón tequila which racked up $90 million dollars last year.
Jay-Z still remains the wealthiest Hip Hop artist within the North America region with a confirmed net with of $1.5 billion, reports complex.
Sean “Diddy” Combs ($1 billion)
Diddy becomes the third billionaire minted by hip-hop, surging past Ye on the strength of several assets that have weathered the pandemic remarkably well. The value of his incredibly resilient Cîroc partnership with Diageo—which functions like an equity stake while creating cash flows for Diddy in the neighborhood of $60 million annually—continues to account for the bulk of his fortune. The success of other assets including DeLeón tequila (he owns half) and Revolt (he’s the majority shareholder), as well as his music catalog, startup investments and a considerable collection of worldly possessions, have finally pushed the impresario into ten-figure territory.
Ye is said to have had originally held second place on the list with an estimated $250 million in earnings last year but since his recent fall out with Adidas he’s now been knocked down to third place.
Congratulations Diddy!! 🍾
( 📸: Rodin Eckenroth/ FilmMagic )