On the list of the richest rappers released on October 28, 2022, by former Forbes editor Zack O’Malley Greenburg, American rapper Diddy has managed to surpass Kanye West.
Page Contents
The list also includes a few other well-known names, like Berner, Dr. Dre, and Jay-Z. He was replaced on the list by the musician, better known as Sean Combs, who has a net worth of almost $1 billion.
Diageo and Ciroc’s relationship has brought in a lot of money for Diddy, who receives more than $60 million annually. As a minority shareholder in DeLeon Tequila and a significant shareholder in the TV network Revolt, he has also accumulated wealth.
Because of his anti-Black and anti-Semitic views, West recently lost a few partnerships, which decreased his net worth from $2 billion to $500 million and forced him to drop off the list of the richest rappers.
When sportswear company Adidas broke ties with him and issued a statement saying they “do not support anti-Semitism and hate language,” the Donda rapper in particular suffered huge losses.
Ye’s remarks and deeds were “unacceptable, aggressive, and dangerous, and violated their principles of diversity, inclusivity, mutual respect, and justice,” the statement claimed. After making anti-Jewish comments, West’s Instagram account was suspended, but he has just reclaimed access to it. He has claimed that he “lost $2 billion in one day and is still alive” since his return.
Diddy has throughout the years developed a significant fan base by putting out numerous successful albums and songs. He is well renowned as an entrepreneur as well, though. According to Forbes Magazine, he earned almost $130 million in May 2017. The rapper was expected to have a net worth of around $740 million in 2019.
He established the clothing company Sean John in 1998, and in 2003, Ronald Burke, an investor, gave it a $100 million boost. I Am King, a men’s perfume by Diddy, was added to his line of products in November 2008, and Israeli model Bar Refaeli was used in the promotion.
In addition, Diddy is the chairman of Combs Enterprises and the owner of two Justin’s restaurants. Additionally, with a 50% profit share, he helped launch the Circo Vodka brand in 2007 and designed the Dallas Mavericks’ alternate uniform. He invested $20 million in the sportswear company Enyce in October 2008.
Diddy
The 52-year-old owns a portion of Revolt TV, which debuted in 2014. He invested with actor Mark Wahlberg and entrepreneur Ronald Burkle in 2015 to acquire a controlling interest in Aquahydrate, a calorie-free sports drink.
He invested PlayVS in 2019, which provides the framework for interscholastic gaming in the US. The rapper founded Bad Boy Records, his record label, in 1993. His 1997 debut album, No Way Out, was followed, among other albums, by Forever, The Saga Continues…, and Press Play.
Also Read: A Look At The Success And Relationships Of Joan- Baez
