Diddy is world’s richest rapper

If you need to borrow some money, we suggest asking Diddy. Forbes Magazine just released their latest list of the wealthiest hip-hop stars and Diddy claimed the Number One slot with a net worth of $475 million. Yes, you read that right, Diddy is reportedly worth almost half a billion dollars.

How did Forbes determine this? Well, Diddy has stake in Bad Boy Records and Sean John clothing as well as a portion of Ciroc Vodka. Jay-Z is right behind him with a net worth of $450 million; Hova sold his stake in Rocawear clothing in 2007 for $204 million and three years ago he signed a ten-year $150 million deal with Live Nation. Oh, and Jay also owns part of the New Jersey Nets and a line of nightclubs.