P. Diddy has beaten Jay-Z to the top spot on the newly compiled hip-hop rich list.
The Bad Boy Records boss topped Forbes' annual hip-hop rich list with an estimated earning of $500 million (£344 million). Diddy has amassed a huge fortune in recent years, through several business ventures, most notably his partnership with Ciroc Vodka.
Trailing behind Diddy in second place is Jay-Z who is said to be worth $460 million (£288 million), as a result of his Roc Nation label, Watch The Throne tour with Kanye West, club 40/40 and other ventures.
Aftermath records boss Dr. Dre comes in third place, while YMCMB head honcho Birdman and 50 Cent round off the top five.
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P.Diddy (real name Sean John Combs) has an estimated net worth of $475 million making him the richest figure in hip-hop. Under the umbrella of Bad Boy Entertainment Worldwide his business interests include Bad Boy Records, the clothing lines Sean John & Sean by Sean Combs, the mogul has a movie production company and two restaurants. Diddy was born in a public housing project in Harlem, New York but nowadays the 41-year old has a star on the Hollywood Walk Of Fame and a key to the city of Chicago in honour of his charity work. (Credit: Splash News)