There’s no doubt that Diddy is wealthy but now, he can officially call himself a billionaire. According to Zack O’Malley Greenburg, a former Forbes editor, revealed the news on his Substack newsletter where he announced that Diddy is the third hip-hop act to declare themselves a billionaire.
Diddy reached this feat through his numerous business ventures. Ciroc, specifically, has transformed into a lucrative source of income, as well as Deleón tequila. Additionally, his stake in Revolt TV and his music catalog pushed him toward the billionaire rank. Add his real estate and values possessions, and he’s finally reached a billion.
The news comes days after Ye was stripped of his billionaire status. Adidas cut ties with Ye following his anti-semitic remarks, which brought his net worth down to $500M. That’s still a hell of a lot of money but it’ll likely take a long time for Ye to regain his status as hip-hop’s billionaire.
Sitting at the top of the list, though, is Jay-Z. At $1.5B, Hov reached a career-high through Armand de Brignac champagne and Roc Nation entertainment company, largely, but he’s also made some significant plays with start-up businesses and the sale of TIDAL. Plus, the potential sale of his half of D’usse could boost that number even further in the near future.