Forbes declares Diddy the wealthiest artist in hip-hop

Sean "Diddy" Combs is the wealthiest performer in hip hop according to a new list released by Forbes...

Mar 11, 2011

Luther Vandross was outed as gay after his death.

Sean “Diddy” Combs is the wealthiest performer in hip hop according to a new list released by Forbes.

Using a formula factoring in the value of current holdings, past earnings and assorted information from analysts, lawyers and assorted industry figures, Combs was determined to have a net worth of approximately $475 million.

His empire includes his Sean John clothing line, the Bad Boy Worldwide record label and the vodka brand Ciroc, a joint venture with Diageo…