Diddy is now a billionaire, based on a new report.
The Unhealthy Boy Leisure founder and CEO snagged the No. 2 spot among the many wealthiest hip-hop artists in North America.
The position was previously held by Kanye West, now legally often known as Ye, however his internet price plummeted following his current habits and anti-Semitic feedback that result in the termination of a number of of his model partnerships, together with Adidas.
Jay-Z tops the record with an estimated internet price of $1.5 billion.
The change in rank follows Diddy and Ye’s Instagram confrontation over Ye’s “White Lives Matter” T-shirts.
Diddy, whose actual identify is Sean Combs, spent the weekend partying with celebrities whereas dressed as Heath Ledger’s Joker for his Halloween occasion.
Give Diddy his Oscar already for this! https://t.co/3MyPTwY6lD
— Anelisa Ndungane (@EyFresh) October 31, 2022
Kim Kardashian applauded the costume.
What Is Diddy’s Web Value?
After a long time within the music trade and later pivoting to entrepreneurship, Diddy has acquired a formidable fortune.
The artist has an estimated internet price of $1 billion.
Based on ZogBlog by longtime enterprise journalist Zack O’Malley Greenburg, Combs owes the majority of his fortune to his vodka model Ciroc, which Jay-Z additionally has a stake in. The model’s partnership with beverage maker Diageo generates $60 million yearly for the entrepreneur.
Diddy additionally owns half of DeLeón tequila and is a majority shareholder of his Revolt tv community, other than persevering with to earn royalties from his music catalog.
His music royalties embrace his six albums and 72 singles.
How Did Diddy Get His Begin?
Diddy based Unhealthy Boy Leisure in 1993.
There, he produced a number of prime artists of the ’90s and 2000s together with Biggie Smalls and Mary J Blige. In 1994, Diddy negotiated a $15 million deal to be acquired by Artista Data, based on Britannica.
He additionally launched six albums and received two Grammys in 1997 for his No Means Out debut, which offered over seven million copies within the U.S.
In 1998, he based his Sean John clothing line, which he offered to International Manufacturers Group in 2016. Nonetheless, he purchased the model again in 2021 for $7.5 million.
Supply: Entrepreneur