Diddy Replaced Kanye West On Hip Hop’s Billionaires List

Kanye West’s slide from the billionaire club and Diddy has actually now actioned in his location and is now the 2nd wealthiest hip-hop figure.

According to Rolling Stone on Friday, the Forbes Billionaire list has actually been modified by previous Forbes home entertainment editor Zack O’Malley Greenburg to show Kanye’s drop off of the billionaire club today. Kanye’s loss of his Adidas offer represented the drop in wealth status as the rap artist and designer’s wealth came primarily from his Yeezy deal with Adidas.

This week Adidas ended its handle Yeezy mentioning Kanye’s antisemitic outbursts and other race debates. The rap artist validated that he lost $2 billion in one day as his net worth fell to $500,000. The leading 5 wealthiest individuals in hip hop are likewise upgraded with a newbie, however Jay-Z is still at the top of the list with a net worth of $1.5 billion due to his lots of service offers and his music.

Jay-Z ended up being a billionaire in 2019 and triggered motivation in the hip-hop world as lots of rap artists saw methods to generate income beyond simply music.

Diddy is now the 2nd wealthiest guy in hip hop, with a net worth of $1 billion. His wealth is represented through financial investments with Ciroc, which makes $60 million every year, his stakes in DeLeon tequila, and digital media Revolt.

Kanye West is now in 3rd location with $500 million, primarily originating from the hallmarks and rights he owns in relation to Yeezy. Some of these seem challenged by Adidas, nevertheless, as it asserted ownership of the styles and copyrights of shoes and other products in its declaration cutting ties with Ye over “antisemitism and any other sort of hate speech”, the business stated.

In the meantime, in 4th location is cannabis business owner Gilbert “Berner” Milam, with a net worth of $410 million, and Dr. Dre, with a $400 million net worth. Dr. Dre’s net worth has actually dropped due to a couple of financial investments that have actually made deep damages in his pocket, like his $100 million settlement to his ex-wife and his music academy with Jimmy Iovine, in addition to a brand-new house purchased from Tom Brady and his ex-wife Giselle Bundchen for $40 million.

In the meantime, Kanye appears all set to develop back as he just recently shared a screenshot from somebody hypothesized to be his attorney who shared that his non-compete stipulations duration is extremely brief and come 2023, he can start to style, produce and offer brand-new Yeezy’s.

Earlier today, the artist revealed a positive mindset about his billionaire status loss.

“I lost 2 billion dollars in one day and I’m still alive … The cash is not who I am. The individuals is who I am,” the rap artist and designer composed after his Instagram was brought back following an apology to the Jewish neighborhood for his remarks.

Richest Hip-Hop Artists 2022

1. JAY-Z – $1.5 billion
2. Diddy – $1 billion
3. Kanye West – $500 million
4. Berner – $410 million
5. Dr. Dre – $400 million