Diddy joins the billionaires list for the first time
Diddy is not only now richer than Kanye West, but has also replaced him in the billionaires list. According to former Forbes editor Zack O'Malley, Diddy is now worth $1 billion, thanks to his business partnerships with CÎROC, DeLeón, and REVOLT in which he owns majority stakes.
The rapper is right behind Jay-Z, who tops the list with an estimated net worth of $1.5 billion. Kanye West comes third with $500 million net worth (although Forbes estimates $400 million). Berner follows behind with $410 million and Dr. Dre is the fifth with $400 million net worth.
The combined wealth from hip-hop's richest acts amounts to $3.8 billion.