Puff Daddy Tops Forbes Hip-Hop Rich List

(Radio.com) Sean Combs, the artist/mogul who recently switched his musical moniker from Diddy back to '90s tag Puff Daddy and spent last weekend making multiple cameos at Coachella, is the king of hip-hop mountain, according to a new Forbes report.

Combs comes in at No. 1 on "The Forbes Five: Hip-Hop's Wealthiest Artists 2014" list, boasting an estimated net worth of a staggering $700 million, a cool $120 million more than in 2013. That extra stack of scratch is the result of Combs' burgeoning Revolt TV music channel, and lucrative deals with Comcast and Time Warner Cable to air the network.

"Right now my focus is Revolt and making it the No. 1, most-trusted, most credible worldwide brand for music," Combs told Forbes. "And to get Revolt to be the quintessential definition of real time. I think that's the future."

Following Combs on the list is Dr. Dre at No. 2, still pulling in a pretty penny with an estimated net worth of $550 million, thanks to his wildly popular line of Beats By Dre headphones. According to Forbes, Beats By Dre make up a full two-thirds of the entire headphones market. more on this story

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Copyright Radio.com/CBS Local - Excerpted here with permission.

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