Diddy has overtaken Kanye West and moved up to second place on the list of the richest hip-hop musicians in 2022.
With a net worth estimated at $1 billion, the 52-year-old rapper and record producer is now recognized as a billionaire. Diddy’s stake in Ciroc, which is estimated to be worth $60 million, is largely responsible for the dramatic increase in his income. Revolt and DeLeón Tequila are further assets that add to his overall wealth.
Jay-Z, who has a net worth of $1.5 billion, is at the top of the list.
With a $500 million net worth, Kanye is currently third on the list. With an estimated worth of $410 million and $400 million respectively, Berner and Dr. Dre are ranked last and second to last, respectively.
According to reports, the rapper lost $1.5 billion last week when Adidas ended their partnership with him as a result of his repeated antisemitic remarks. On October 25, the company ended its agreement with Ye’s clothing line.
The remainder of Kanye’s wealth is currently derived from his 5% ownership of SKIMS, his ex-wife Kim Kardashian’s shapewear company, as well as from the money he makes from his music career and real estate investments.