Forbes' Announces Five Wealthiest Hip-Hop Moguls Of 2012, Diddy Comes In First

Forbes' Announces Five Wealthiest Hip-Hop Moguls Of 2012, Diddy Comes In First

Forbes' dedicates a list solely to hip-hop moguls, and finds out who is the wealthiest, and by how much.

Forbes has announced its list of the five wealthiest hip-hop moguls. Included in the Forbes Five are three artists who are pretty familiar with Forbes' lists, as they were some of the first hip-hop artists included in Forbes' first-ever Hip-Hop Cash Kings list, back in 2007.

These three artists are Diddy, Jay-Z and 50 Cent, who have a combined net worth well over a billion dollars. The other two rap stars included on the Forbes Five are: Dr. Dre, who makes quite a profit off his headphones line, Beats by Dre, and Young Money/Cash Money founder, Birdman.

Diddy, however, outranks the other four in terms of wealth, with a net worth of $550 million. A lot of his money comes from Ciroc vodka, from which he receives double-digit millions annually. On top of this, Ciroc sales spiked 122% last year because of the high demand for Ciroc Peach, a new flavor.

Jay-Z comes in second with a net worth of $460 million, and he also happens to be one of the few in this list that still tours and puts out new music.

To read how the other rappers figure in the Forbes' Five, head here.

 

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