March 28, 2013 20:47
Diddy tops hip-hop rich list for second year running
Sean Combs is above Jay-Z, Dr Dre, Birdman and 50 Cent in Forbes' annual list
The artist formerly known as P Diddy – real name Sean Combs - kept hold of the Number One spot on the list, thanks to his huge $580 million (£382 million) fortune.
The Bad Boy Records founder has numerous business ventures, including his deal with Ciroc vodka and his Sean John and Enyce clothing lines, his marketing firm Blue and a handful of tech start-ups.
"It is one of the fastest-growing brands within vodka," said Jack Russo, an equity analyst at Edward Jones & Co, to Forbes of Diddy's deal with Ciroc. "Consumers are feeling a little bit better about their situation, and with that, they're willing to spend more on premium products."
Jay-Z - pictured above - was second with a net worth of $475 million (£313 million), owing in part to his Roc Nation label and management company and Dr. Dre, who runs the hugely successful Beats by Dre headphones brand, was third with a fortune of $350 million (£230 million).
In fourth place is Cash Money Records co-founder Birdman and 50 Cent is in fifth, with a net worth of $125 million (£82 million).
- Previous: Willy Mason, Ethan Johns, Theme Park for Bushstock 2013 – ticket details
- Next: Kraftwerk banned from playing live in China