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Forbes Predicts That Sean "Diddy" Combs Will Become Hip Hop's First Billionaire
posted Thursday September 22, 2011 at 05:48AM PDT | 93 comments
The Bad Boy mogul might just beat out 50 Cent, Jay-Z and more in the quest to hit a billi.
Forbes magazine released its Forbes 400 list of America’s richest citizens, but no Hip Hop moguls managed to make the cut. Analyzing the race to become Hip Hop’s first billionaire, the publication predicts that Sean “Diddy” Combs will be the first to cross the billi mark with his current estimated net worth of $500 million.
The magazine explains that Diddy’s vodka deal with Diageo as an owner of Ciroc could increase his net worth. The Bad Boy honcho rakes in annual profits from the growing brand and could get a large payout if it’s sold. Additionally, his stakes in Sean John and Enyce as well as marketing firm Blue Flame and Bad Boy could put him ahead of Jay-Z as Hip Hop’s richest figure.
Birdman disagreed, proclaiming that Young Money Cash Money will earn an ninth zero before anyone else. “I think Young Money Cash Money would be the first billion-dollar brand in hip-hop,” he wrote in an email. “We strong and growing every day as a brand and fast. Within the next few years we will be billionaires.”