By David Morris Friday, December 30th, 2011
Combs was ranked #2 on Forbes Hip Hop Cash Kings list, behind Jay-Z. And while Jay may have out-earned Combs in 2010 and 2011, he has not surpassed Diddy's overall wealth. Forbes ranked Combs #1 on its list of the Wealthiest Rappers, with an estimated fortune of $425 million. Forbes also predicted that the Bad Boy CEO would become hip hop's first billionaire.
Additionally, Bad Boy Worldwide Entertainment was named one of the top minorityowned businesses in New York City by Crain's New York. Bad Boy Worldwide, initially just a music label, now handles all of Diddy's music, TV, film, fashion and restaurant ventures.
He and his group, Diddy-Dirty Money, released Last Train to Paris in late 2010 and the album peaked at #7 on the Billboard albums chart. The group also performed at the 2010 People's Choice Awards in December. The single "Coming Home" peaked at #11 on the Billboard Hot 100 in late 2010.
Diddy was honored at the ASCAP Rhythm and Soul Awards in June. He was given the Founders Award. Interestingly, he also released a coffee table book called in 2011 called "Culo," a book dedicated to photographs of women's backsides.
He recently committed $100,000 to the non-profit organization 100 Urban Entrepreneurs to help boost the struggling startup that focuses on building strong urban business minds. He and Dawn Richard of his group Diddy-Dirty Money volunteered in East London with Orange RockCorps, helping to refurbish planters and paint dilapidated structures. He also donated money to save the Boys & Girls Club of Harlem, which was threatening to close some of its sites.