Forbes also includes Jay-Z, 50 Cent, Birdman and Dr. Dre in its "Forbes Five."
Forbes has announced the five wealthiest Hip Hop artists of 2012.
Deeming the exclusive group "the Forbes Five," the publication names Sean "Diddy" Combs as the richest of the bunch, which also includes Jay-Z, 50 Cent, Bryan "Birdman" Williams and Dr. Dre.
Diddy ranks at the top with a net worth of $550 million, thanks to his investment in Ciroc vodka, his Sean John and Enyce clothing lines, his record label Bad Boy and several startups. Additionally, his cable channel Revolt could make him a billionaire in 2013.
Jay-Z comes in second with $460 million due to the selling of his stake in Rocawear clothing for $204 million in 2007. His business ventures flesh out his net worth, with stakes in the New Jersey Nets, the 40/40 Club chain, his ad firm Translation and more.
Dr. Dre comes in third with $270 million because of his investment in Beats Electronics, while Birdman places at No. 4 with a sum of $125 million to his name. 50 Cent rounds out the list with $110 million in the bank.