Diddy, an American rapper, surpassed Kanye West in the list of the richest rappers published on October 28, 2022 by former Forbes editor Zack O’Malley Greenburg. Jay-Z, Berner and Dr. Dre are among the other famous names on the list. The musician, also known as Sean Combs, has replaced Ye on the list with a net worth of approximately $1 billion as of April 2023. Diddy has made a lot of money thanks to Ciroc’s deal with Diageo , bringing him over $60 million a year. He also makes a fortune as a minority shareholder of DeLeon Tequila and a majority shareholder of the Revolt TV network.
West recently lost a number of partnerships due to anti-Semitic and anti-Black views, causing his net worth to drop from $2 billion to $500 million and excluding him from list of richest rappers. In particular, rapper Donda suffered significant losses when sportswear brand Adidas severed ties with him and issued a statement that they “do not accept anti-Semitism and hate speech.”
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According to the statement, Ye’s statements and actions are “unacceptable, hostile and dangerous and contrary to their principles of diversity, inclusion, mutual respect and justice”. West’s Instagram account was suspended after his anti-Semitic comments, but he just regained access. Since returning, he has stated that he “lost $2 billion in one day and is still alive.”
Diddy is also a rich businessman
Diddy has gained a huge fan following over the years by releasing many successful albums and songs. But he is also known as a businessman. In May 2017, Forbes Magazine announced that he earned about $130 million. In 2019, the rapper’s net worth is predicted to be over $740 million. In 1998, he founded Sean John’s clothing brand, and in 2003 investor Ronald Burke invested $100 million in his company. In November 2008, Diddy added a men’s fragrance called “I Am King” to its brand, with an advertisement using Israeli model Bar Refaeli.
Diddy is also the owner of two Justin restaurants and the president of the umbrella company Combs Enterprises. He also created the Dallas Mavericks replacement jersey and helped launch the Circo Vodka brand in 2007 with a 50% split of the profits. In October 2008, he paid $20 million to the clothing business Enyce.
The 52-year-old has a stake in Revolt TV, which started programming in 2014. In 2015, he joined actor Mark Wahlberg and businessman Ronald Burkle to buy a controlling stake in Aquahydrate, a sports drink. calorie-free sports. In 2019, he invested in PlayVS, which provides the infrastructure for competitive games in US high schools. In 1993, the rapper founded the record company Bad Boy Records. His debut album, No Way Out, was released in 1997 and was followed by Forever, The Saga Continues… and Press Play, among others.
Categories: Entertaintment
Source: HIS Education