Sean “Diddy” Combs could be well on his way to becoming hip hop’s first billionaire according to a forecast from Forbes, which just released the Forbes 400. While the list of America’s wealthiest individuals currently features the typical cast of financiers, old money and tech gurus, the analysts are predicting hip hop might figure into the future 400.
Ciroc Obama, as Diddy has taken to calling himself, could find his fortune made as a result of his vodka deal with the beverage giant Diageo. Currently, the Bad Boy mogul receives an annual cut of Ciroc’s profits, but the value of the brand is already approaching $1 billion, which could lead to a massive payday if the spirit is sold. Not to mention Diddy’s other ventures which include the clothing lines Sean John and Enyce, the marketing company Blue Flame, and, of course, Bad Boy records.
Diddy will have some competition from other hip hop stars if he wants to be the first rapper with a nine zero worth. Following just behind him in Forbes’ calculations is Jay-Z, which the magazine featured this summer with his wife Beyonce, in their list of the wealthiest celebrity couples. Although Diddy has a lead of nearly $100 million on Hov, the magazine isn’t ready to count out other would-be billionaire rappers like Dr. Dre, Birdman, and 50 Cent.
Joining Diddy on the list of 400 hopefuls, is Interscope chairman Jimmy Iovine who’s been involved with the careers of Diddy, Dr. Dre, and Fiddy. According to Forbes, the producer made a smart move when he bet on hip hop and broadened Interscope’s umbrella. Iovine,who is worth $400 million, is currently partnered up with Dr. Dre’s headphone line and worked on a book with Diddy.