Sean 'P. Diddy' Combs has been named 2015 World's Highest Paid hip hop act by Forbes. The business mogul beats fellow star Jay Z and Drake to rank on top of this year's richest list.
Forbes names rapper world's highest paid hip hop musician in 2015
Diddy beats Jay Z, Drake, Dr. Dre and Eminem to lead this year's Forbes' List of the Highest Paid Hip Hop artiste with an estimated $60m from June 2014-2015
According to Forbes's calculations, the 45-year-old raked in an estimated $60 million between June 2014 and June 2015 from investments outside of music, such as his TV network, Revolt and Ciroc Vodka.
Following Diddy is rap super star Sean 'Jay Z' Carter. The 45-year-old founder of Roc Nation music group, earned an estimated $56 million from business ventures in music, sports and lifestyle. His 22 shows with his wife, singer Beyonce, also helped boost his earnings.
Canadian rapper Drake, 28, came in at No. 3 with $39.5 million, the bulk of which came from touring, as well as high profile endorsements from Sprite and Nike.
Nicki Minaj was the only woman to crack into the top ten of the highest paid hip hop acts, coming in at No. 9 with $21 million from touring and endorsements.
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Forbes used the pre-tax income figures from factors such as record sales, touring, streaming and endorsements to calculate its list. They also used data from Nielsen SoundScan, the Recording Industry Association of America (RIAA) and interviews with managers, lawyers and in some cases, the artists themselves.
Other hip hop moguls in the top ten, all of which hail from North America and Canada, include Beats co-founder Dr. Dre and rappers Eminem and Kanye West.
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