Bad Boy Records CEO Diddy appeared on “Jimmy Kimmel Live” this week and dished on a variety of topics including his Revolt TV network, the now-infamous Kanye West feud and why Jay Z’s always going to be a top earner.
While he playfully told host Jimmy Kimmel not to give him the Yeezy parody treatment, Puff did acknowledge just how wealthy rap pal Jay Z is.
“Music has been homeless for a while. Since a lot of the music channels starting going to reality TV, they took the focus off of music,” said Diddy, who used to have his own reality shows on MTV. “We’re gonna become the ESPN of music.” Jimmy asked whether he sided with him or Kanye West in their public feud. “I was team Kanye. I’m sorry,” admitted Puff, adding, “I just hope you don’t make fun of me like that.” Diddy, who was named the wealthiest artist in hip-hop by Forbes, also plugged his Ciroc vodka. When Kimmel asked if he’s become richer than fellow mogul Jay Z, he replied, “Nobody’s richer than Jay Z.” (Rap-Up)
Recently, the mega rap mogul, laughed off just how many zeros are in his bank account despite topping Forbes’ Cash Kings list almost yearly.
“I really can’t deny how humbling and how proud I am to be from Harlem, New York, be from the inner city and to be on the Forbes list,” Diddy said in an interview when asked if he would become hip-hop’s first billionaire. “I can’t deny that. But it doesn’t define me, if I become a billionaire or whatever the status is of what I’m worth. First of all, I do want to say to the Forbes cameras, I actually don’t, I want to tell you the truth. I actually don’t have that money in the bank, that’s saying how much I’m worth. So I don’t have that money in the bank. I want to make sure y’all are clear on that. I have no problem with saying that. If that pushes me down on the list, I’m okay with that.” (Forbes)
Recently, Jay Z downplayed the importance of being motivated by money.
Jay knows to the penny how much money he has, he tells Robinson, but won’t divulge the amount; when told that Forbes estimated his net worth at around $500 million, he dismisses it as a “guesstimate” and says he’s not motivated by money. “I’m not motivated by that. . . . I don’t sit around with my friends and talk about money, ever. On a record, that’s different.” (Vanity Fair)
A few weeks ago, both Diddy and Jay landed atop Forbes’ Cash Kings 2013 list respectively.
Hip-hop’s net worth king claims his first annual earnings crown thanks mostly to the success of Ciroc vodka. Other ingredients in his cash cocktail: record label Bad Boy, clothing line Sean John and, soon, cable channel Revolt. Lost his hyphen but gained double-digit millions from lucrative live shows, Armand de Brignac champagne, D’Ussé cognac, Roc Nation label/management firm and other ventures. Last year’s Cash King slips two spots, no longer boosted by a nine-figure payout for selling part of Beats by Dr. Dre in 2011. But he’s still cashing in on the ubiquitous headphones, expanding the company he founded with Interscope chief Jimmy Iovine to include a long-awaited streaming music service. (Forbes)