According to reports, Diddy is officially a billionaire! Diddy, who’s been on the top five wealthiest hip hop artists list for years, has accomplished the billionaire status along with Jay-Z, Dr.Dre and more!
According to Forbes, Ye was stripped of his title as a billionaire on Tuesday (October 25) after he and adidas ended their lucrative partnership together.
Kanye aka Ye is now worth at around $400 million, the outlet Substack proclaimed in a list compiled by Forbes former Senior Entertainment Editor Zack O’Malley Greenburg that Diddy aka Sean Coombs has now surpassed Ye on the list of rap’s top five richest moguls. However, JAY-Z still has a net worth of $1.5 billion.
Sean “Diddy” Combs is now valued at an even billion, making him the second wealthiest rap mogul behind Hov. Diddy’s lucrative surge into the billionaires club comes thanks to his longtime investments with Ciroc – valued at around $60 million – DeLeon tequila and his media network Revolt.
Berner, and Dr. Dre are on the list at $410 million and $400 million, respectively.
Diddy’s billionaire status comes shortly after he made a few claims about being “Hip Hop’s first billionaire” in a motivational video posted on YouTube. Once the video went viral, the “Gotta Move On” rapper clarified in a follow-up video that he hadn’t yet achieved billionaire status.
“A lot of blogs took that as I had become Hip Hop’s first billionaire. That is not the case,” he explained. He went on to say that “the race is still on,” adding that “any of you hustlers out there can come and get it.”
“It really ain’t about the money at the end of the day,” he said. “It’s about the impact that you have on the world.”