Sean Combs, commonly known as Diddy, has consistently ranked among the wealthiest hip-hop artists.
Diddy has joined Jay-Z in the billionaires club, shortly after Kanye West lost his billionaire title.
Former Forbes entertainment editor Zack Greenburg revealed his updated list of the Wealthiest Hip-Hop Artists of 2022 last Friday.
He determined the top five highest-earning rappers who are still working today for the list. Beyonce's husband is still at the top of the list, with a net worth of $1.5 billion.
Meanwhile, Diddy has officially become one of the hip-hop industry's billionaires, having surpassed Kanye as the second highest-earning rap artist.
The "I Need A Girl" singer has a diverse business portfolio that includes music, media, and spirits.
He also owns a song catalog and royalties that make him a good living.
The Bad Boy founder is also in second place after Kanye lost millions due to the termination of his big endorsement deals with Adidas, Balenciaga, Gap, and many more due to his anti-Semitic issue.
Kanye West's net worth is believed to be $500 million as of this writing.
Meanwhile, rapper Berner has an estimated net worth of $410 million, although his fortune stems primarily from his Cookies cannabis empire.
His firm is the cornerstone of his fortune. Because of its unique economic structure, Berner may one day be able to buy out all of the local partners and instead build an united multibillion-dollar cannabis empire.
He owns $30 of his corporation as of this writing.
Dr. Dre is the next person on the list, with a net worth of $400 million due to his association with Beats, music library, and continuing initiatives.
The "Aftermath" creator, who became the first millionaire in the hip-hop business, has reduced his net worth after spending $70 million alongside Jimmy Iovine in a new music institution at the University of Southern California. He even paid $40 million for a property in Los Angeles that had previously been owned by Tom Brady and Gisele Bundchen. Following their divorce, he allegedly gave his ex-wife half of a $100 million settlement.
The list was compiled by "valuing every known asset and liability in each artist's portfolio," according to the article's author, who consulted a "broad range of sources within the music business, ranging from managers to attorneys to some of the musicians themselves."
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