P DIDDY BECOME THE WEALTHIEST ARTIST IN HIP HOP WITH $550 MILLION.

The HipHop mogul is the closest to becoming a billionaire, leading the pack with a net worth of $550 million once again beating Jay-Z ($460M) to claim the top spot in a list compiled by Forbes magazine.

The music mogul's wealth is fuelled by his Sean John clothing brand, Bad Boy Worldwide record label, vodka brand Ciroc ,a joint venture with drinks brand Diageo, Enyce clothing and Blue Flame marketing.

Dr. Dre retained the third place spot he took last year while fourth and fifth places on the list were filled by Bryan 'Birdman' Williams and 50 Cent respectively.

Forbes Magazine's five wealthiest artists:

1. P. Diddy-$550 Million

2. Jay-Z-$460 Million

3. Dr. Dre-$270 Million

4. Bryan 'Birdman' Williams-$125 Million

5. 50 Cent-$110Million

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