Friday, April 19, 2024

Diddy Tops Jay Z on New Forbes List of Richest Rappers

Rapper Sean 'Puff Daddy' Combs performs onstage at the 2015 iHeartRadio Music Festival at MGM Grand Garden Arena on September 19, 2015 in Las Vegas, Nevada
Rapper Sean ‘Diddy’ Combs performs onstage at the 2015 iHeartRadio Music Festival at MGM Grand Garden Arena on September 19, 2015 in Las Vegas, Nevada

*Sean “Diddy” Combs sits atop Forbes’ list of the world’s highest paid stars in hip hop, edging out Jay Z and Drake on the 2015 “Hip Hop Cash Kings” tally, revealed Tuesday.

Harlem native Combs, 45, made an estimated $60 million between June 2014 and June 2015, from investments outside of music, such as his TV network Revolt and Ciroc vodka, the publication calculated.

Runner up Jay Z, also 45, earned an estimated $56 million from business ventures in music, sports and lifestyle. His 22 shows with his wife, singer Beyonce, helped boost his earnings, Forbes said.

Canadian rapper Drake, 28, came in at No. 3 with $39.5 million, the bulk of which came from touring, as well as high profile endorsements from Sprite and Nike.

Nicki Minaj was the only woman to crack into the top ten of the highest paid hip hop acts, coming in at No. 9 with $21 million from touring and endorsements.

Forbes calculated its list using pre-tax income figures from factors such as record sales, touring, streaming and endorsements using data from Nielsen SoundScan, the Recording Industry Association of America (RIAA) and interviews with managers, lawyers and in some cases, the artists themselves.

Other hip hop moguls in the top teninclude Beats co-founder Dr. Dre and rappers Eminem and Kanye West.

The full list can be viewed at www.forbes.com/hip-hop-cash-kings.

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