American rapper Sean Combs popularly regarded as Diddy, has formally been declared a billionaire, as he replaces Kanye West who reportedly lost $2billion in a day and dropped to an believed internet worth of $500million.
A new report by former Forbes leisure editor, Zack O’Malley Greenburg, on Friday reveals that Diddy becomes the third hip-hop artiste to ever attain the billionaire status, right after Jay-Z and Kanye West, with a total web value of $1billion.
Asides his ‘Bad Boy Records’ label, Diddy also has his other enterprises like Ciroc and Revolt to thank for his new billionaire position.
Kanye, who now goes only by “Ye,” dropped his billionaire position pursuing his recent outburst of anti-Semitic remarks that prompted Adidas to pull the plug on the wildly valuable footwear deal that made him a billionaire two many years ago.
Jay-Z reclaimed the top rated spot on the record from Kanye as hip-hop’s richest artist with a net truly worth of $1.5billon, considering that he turned the genre’s first billionaire in 2019.
Meanwhile, Diddy just lately unleashed quite a few remixes of his new “Gotta Move On” solitary, which includes a “Queen Remix” that features Ashanti addressing Irv Gotti’s inebriated feedback he experienced built about their previous partnership on Drink Champs.