Bad Boy Records CEO Diddy recently discussed the success fellow rap pal Jay Z has enjoyed since launching Roc Nation Sports earlier this year and whether or not fans could see him following Jigga’s blueprint.
Despite admiration for what Jay’s accomplished, Puffy said he knows managing sports stars’ careers is not in his future.
“No, no, no,” Diddy said when asked if Roc Nation Sports makes him want to launch his own athletics management agency. “I love sports but I’m more of an owner type of a guy. So I have aspirations to become [an owner], which it ‘will’ happen. I will become the first NFL, first African American, majority owner. Not having a small stake but actually owning an NFL team. But then when I see my friend having a sports agency, I support him. When I get the calls like, ‘We need to do Bad Boy Sports,’ I’m like, ‘No. That’s not my lane.’ I stay in my lane. This is what I want to do. I’m just me. I do my own thing.” (Bloomberg TV)
Recently, the mega rap mogul, laughed off just how many zeros are in his bank account despite topping Forbes’ Cash Kings list almost yearly.
“I really can’t deny how humbling and how proud I am to be from Harlem, New York, be from the inner city and to be on the Forbes list,” Diddy said in an interview when asked if he would become hip-hop’s first billionaire. “I can’t deny that. But it doesn’t define me, if I become a billionaire or whatever the status is of what I’m worth. First of all, I do want to say to the Forbes cameras, I actually don’t, I want to tell you the truth. I actually don’t have that money in the bank, that’s saying how much I’m worth. So I don’t have that money in the bank. I want to make sure y’all are clear on that. I have no problem with saying that. If that pushes me down on the list, I’m okay with that.” (Forbes)
Recently, Jay Z downplayed the importance of being motivated by money.
Jay knows to the penny how much money he has, he tells Robinson, but won’t divulge the amount; when told that Forbes estimated his net worth at around $500 million, he dismisses it as a “guesstimate” and says he’s not motivated by money. “I’m not motivated by that. . . . I don’t sit around with my friends and talk about money, ever. On a record, that’s different.” (Vanity Fair)
A few weeks ago, both Diddy and Jay landed atop Forbes’ Cash Kings 2013 list respectively.
Hip-hop’s net worth king claims his first annual earnings crown thanks mostly to the success of Ciroc vodka. Other ingredients in his cash cocktail: record label Bad Boy, clothing line Sean John and, soon, cable channel Revolt. Lost his hyphen but gained double-digit millions from lucrative live shows, Armand de Brignac champagne, D’Ussé cognac, Roc Nation label/management firm and other ventures. Last year’s Cash King slips two spots, no longer boosted by a nine-figure payout for selling part of Beats by Dr. Dre in 2011. But he’s still cashing in on the ubiquitous headphones, expanding the company he founded with Interscope chief Jimmy Iovine to include a long-awaited streaming music service. (Forbes)
Check out Diddy’s interview: