Following Kanye West’s loss of his billionaire title, Diddy has now been officially recognized as a billionaire, overtaking the Yeezy mogul on the Hip Hop wealthy list.
Ye’s status as a billionaire was reportedly taken away on Tuesday (October 25) after he and adidas stopped their successful collaboration.
Given that Kanye is now estimated to be worth $400 million, the publication Substack said that Diddy has now eclipsed Ye on the list of rap’s top five richest moguls on a list created by former Forbes Senior Entertainment Editor Zack O’Malley Greenburg. JAY-Z, though, continues to rule with a $1.5 billion net worth.
Sean “Diddy” Combs is now estimated to be worth $800,000,000, making him the second-richest rap mogul behind Hov. Thanks to his long-standing interests in DeLeon tequila, Ciroc, and his media network Revolt, which are collectively worth over $60 million, Diddy has made a successful ascent into the billionaires club.
With valuations of $410 million and $400 million, respectively, Berner and Dr. Dre won the last two spots.
Diddy’s billionaire status was announced shortly after he boasted about becoming “Hip Hop’s first billionaire” in a YouTube motivational video. The “Gotta Move On” rapper said in a follow-up video that he hadn’t yet become a billionaire 2after the original video went viral.
“A lot of blogs took that as I had become Hip Hop’s first billionaire. That is not the case,” he explained. He went on to say that “the race is still on,” adding that “any of you hustlers out there can come and get it.”
“It really ain’t about the money at the end of the day,” he said. “It’s about the impact that you have on the world.”