Diddy downplays topping Forbes' Hip Hop List

By Mr. Hollywood
JR Staff Writer

Yesterday, news hit the internet discussing the top men in hip hop and Diddy topped the list. For years, Diddy has been in the discussion, but years have passed since he topped the list. Diddy has gone through several names over the years and he has gone through several companies.

Diddy houses all of his ventures under the Bad Boy brand, which includes a record label, clothing lines, production companies, and restaurants. His net worth was predicted to be at $475 million at the end of 2010. Being a black man, this is an incredible accomplishment.

While admitting he takes pride in his accomplishments, Diddy downplayed the story. He explained he is worth over $400 million, but he does not have $400 million in cash. Diddy explained the overall worth of his company is at $475 million. If he were to sell of all his assets, including personal, he would have the cash on hand.

Diddy does have major cash in accounts and on hand, but it is not even close to the $475 million Forbes was talking about.