P Diddy to be first rap billionaire?

The rapper, label owner and is closer to being rap’s first billion-dollar man according to the Forbes list of hip-hop’s wealthiest stars .

The finance magazine’s “Forbes Five” short list of the richest rappers were already collectively worth over $1 billion.
Sean Puffy Combs  took the top spot with an estimated net worth of $550 million, which has been boosted lately by his deal with Ciroc vodka, which reportedly pays him in the double-digit millions thanks to his share of the profits from sales, which have spiked over the last year by 122 percent.

As a bonus, Diddy will earn a nine-figure payday if the brand is ever sold to another company. Diddy’s fortune is also fed by his stakes in the Sean John and Enyce clothing lines, as well as the Blue Flame marketing firm, his Bad Boy record label and pieces of a number of tech startups. But the magazine said his most recent deal is the one that could push him into the billionaire boys club.

The mogul’s deal with Comcast to launch the Revolt cable channel — which he owns outright — in 2013 might be worth low-to-mid nine figures in the next few years.

His pal Jay-Z is the next man up at an estimated $460 million and third would be Dr Dre who is worth 270 million.


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