Diddy’s Still All About The Benjamins, Dr. Dre Edges Jay Z On Forbes’ Wealthiest ’14 List

Written By S. Samuel

Bad Boy Records CEO Diddy still sits high above his peers as the top-ranking artist on financial publication Forbes' annual Hip-Hop's Wealthiest Artists 2014 list.

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The publication credited Diddy’s recent venture into Revolt TV for upping his wealth to $700 million.

Diddy leads the pack with an estimated fortune of $700 million, an increase of $120 million over his net worth last year. The change comes largely from the addition of Revolt TV–the new, music-focused, multi-platform channel of which he’s the majority owner–to his already-hefty portfolio. (Forbes)

Aside from Puff Daddy, rap moguls Dr. Dre, Jay Z and Cash Money’s Birdman made the Top 5.

1. Diddy $700 million 2. Dr. Dre $550 million 3. Jay Z $520 million 4. Birdman $160 million 5. 50 Cent $140 million (Forbes)

In 2013, Diddy laughed off just how many zeros were 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)

Last fall, 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)

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Written by S. Samuel

Steven Samuel is the co-founder of SOHH.com.

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