Diddy joins the group of hip-hop billionaires.

According to former Forbes entertainment editor Zack O’Malley Greenburg, the Bad Boy tycoon, whose net worth has risen to $1 billion, achieved billionaire status and ranks second on the list of the richest hip-hop musicians in 2022.

One source of Diddy’s billion-dollar riches is his $60 million yearly Ciroc agreement with Diageo. The 52-year-old billionaire’s business also includes his majority-owned television network, REVOLT, DeLeón Tequila, music library, and other investments.

He takes over after Kanye West, who lost his billionaire status as a result of his racial and anti-Semitic remarks that cost him his lucrative adidas deal. His whole net worth decreased from an estimated $2 billion to about $500 million.

Ye wrote in the aftermath, “I lost 2 billion dollars in one day and I’m still alive.” Money is not who I am, he said. I identify with the people.

Thanks to his lucrative businesses like Roc Nation and Armand de Brignac, JAY-Z, who was named hip-first hop’s billionaire in 2019, reclaims his status as the genre’s richest musician with a net worth of $1.5 billion. In the previous year, he sold LVMH Mot Hennessy Louis Vuitton a 50% ownership in the high-end champagne company.

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With a fortune of $410 million, Gilbert “Berner” Milam comes in at number four because to his cannabis business, Cookies, which operates 48 locations worldwide and sells 70 cannabis strains and 2,000 marijuana-related goods. An estimated 30 percent of the corporation is owned by the Bay Area rapper and businessman.

With a $400 million fortune, Dr. Dre comes in second to Berner. His assets, which were once estimated at $800 million, have suffered as a result of his $100 million settlement with his ex-wife and his $70 million investment in the development of a music institution at the University of Southern California, of which half has already been paid.

The aggregate wealth of the top five hip-hop artists is now estimated to be $3.8 billion, up from $3.17 billion before the outbreak.

Hip-Richest Hop’s Artists 2022

1. JAY-Z — $1.5 billion
2. Diddy: $1 billion
3. Kanye West: $500 million
4. Berner — $410 million
5. Dr. Dre — $400 million