News: Diddy Responds To Forbes' List, "I Do Not Have That Money Today!"
Saturday, Mar 12, 2011 8:33AM
Bad Boy Records CEO Diddy has shared his reaction to ranking atop hip-hop's elite in the new Forbes Top 5 Wealthiest Rap Artists list.
Honored by the recognition, Puff downplayed his speculated $475 million bank roll.
"To be honest, on that list, I was on the cover of Forbes back in '98," Diddy explained in an interview. "I been on that list. I don't really get caught up into the list. I think people think that I have that money actually sitting at home in the basement...It's really like if I sold all my companies, and I take pride in [building] something as a black man that's worth that much...To everyone calling me for a loan today, I do not have that money today! ... It helps inspire people and it shows the power of hip-hop." (MTV)
Falling closely behind Puff on the list is Jay-Z and Dr. Dre.
When it comes to net worth, Jay-Z is number two. The top spot goes to Sean "Diddy" Combs, who tops our accounting of rap's richest with a fortune of $475 million, fueled by his interests in Sean John clothing, Bad Boy Worldwide record label and, most significantly, his Diageo joint-venture vodka brand Ciroc. Jay-Z ranks a close second, with $450 million. Super producer/rapper Dr. Dre ranks third with $125 million, fueled by past earnings generated from his own career and by helping to launch those of Snoop Dogg and Eminem. Curtis "50 Cent" Jackson, a onetime Dr. Dre protege who reaped a nine-figure payday from the sale of Vitamin Water to Coca-Cola, rounds out the top five in a tie with Cash Money Records cofounder Bryan "Birdman" Williams at $100 million. (Forbes)
No stranger to wealth, Diddy previously spoke on his dominance last summer.
"I was the first on the jet. I was the first running the marathon. I was the first donating millions of dollars. I was the first. I was the first with the 10 million records sold. I was the first with the label. I was the first with the renegotiations. F*ck a Forbes list--I was on the cover of Forbes. There is going to be someone that will pass me, but as long as I'm on the court, they are not going to be badder than me, because there is too much catching up to do...There is not one muthaf*cka that's here now who is going to outwork me. That is not going to happen, not right now. Maybe if I slow down, but to this day, no one can f*ck with me when it comes to getting busy and working." (XXL Mag)
As of now, Diddy is currently gearing up for a nationwide tour.
Fresh off his mini-tour with Trey Songz, Lloyd will join his labelmates Diddy, Dawn, and Kalenna starting April 13 in Minneapolis, playing intimate shows in New York, Atlanta, and Los Angeles, before wrapping May 15 in St. Louis. He will perform material from his fourth album King of Hearts, including his new single "Cupid" produced by Polow Da Don. (Rap-Up)
Check out a recent Diddy interview below: