The 42-year-old entertainer’s net worth of $550 million secured him the No. 1 spot, followed by Jay-Z ($460 million), Dr. Dre ($270 million), Cash Money Records co-founder Bryan “Birdman” Williams ($125 million), and 50 Cent ($110 million).
“Who’s going to be hip-hop’s first billionaire is still to be determined,” Steve Stoute, the advertising guru who founded and co-owns Translation with Jay-Z, told Forbes. “But clearly Jay and Puffy are far and away positioned to surpass that.”
“One of my motivations in life is to be a billionaire,” Birdman added. “We’re going to keep working hard until we get our brand to be as big as possible. That’s the goal in life, that’s what I live for.”