Diddy has replaced Kanye West on the list of 2022’s wealthiest hip-hop artists, according to a new report from former Forbes editor Zack O’Malley.
Ye was in second place on the list of hip-highest hop’s earners earlier this year, with $250 million in earnings projected for 2021, but after his contract with Adidas was terminated due to his anti-Semitic comments, he’s dropped to third place in terms of net worth. He was said to be worth $2 billion earlier this year. Diddy is now in second place, having previously trailed behind Ye. His Cîroc partnership with Diageo is said to account for the majority of his wealth, but other assets such as Revolt and DeLeón Tequila have certainly helped; he made $90 million last year.
Per the publication, Jay-Z has stuck with his spot as the wealthiest hip-hop artist in North America with a net worth of $1.5 billion.
Ye’s net worth is estimated to be sitting around $500 million now, and the loss of his Adidas deal is the biggest contributor to his decline. Diddy and Ye actually traded barbs on Instagram earlier this month on account of the “White Lives Matter” t-shirt controversy. Due to the retention of his 5 percent stake in Kim Kardashian’s SKIMS shapewear line, and rights to his master recordings and music publishing, Ye remains wealthy. He also still owns the Yeezy brand, even though Adidas remains “the sole owner of all design rights to existing products as well previous new colorways under the partnership.”