According to Forbes annual list, Rapper turned businessman Diddy is the world’s top-paid celebrity of the past year, slightly passing close competitor, Beyonce.
Diddy earned $130 million in the past 12 months, of which $70 million came from selling a one-third stake in his Sean John clothing line.
Diddy, real name Sean Combs and earlier in his career known as Puff Daddy, is estimated to be worth a total of $820 million, despite little to no release of new music in the past decade.
His gross net worth of the past year has been obtained across various business interests, and headlining a North American arena tour alongside numerous other artists on his Bad Boy Records label.
Beyonce came second at $105 million after her lucrative “Formation” tour, an elaborately staged set of performances that followed her highly successful “Lemonade” album.
Beyonce, who is expecting twins, is estimated to be worth $1 billion collectively with her husband, rap mogul Jay Z, who himself, is number 55 on the list.
“Harry Potter” author J.K. Rowling, who published a series of e-books last year, came in third at $95 million, consequently making her the highest-paid celebrity, outside of music.
In turn, she narrowly edged out Canadian hip-hop star Drake, Portuguese footballer Cristiano Ronaldo and Canadian R&B sensation The Weeknd.
Guns N’ Roses entered the list at number 11, earning $84 million, after the rock legends’ key members Axl Rose and Slash reunited for the first time in 23 years.
The list can swing rapidly from year to year, and accordingly, Pop star Taylor Swift, who topped the previous year’s list by earning $170 million, slipped to 49th place on the conclusion of her ‘1989’ World Tour.
The few non-Western celebrities on the list included Hong Kong martial arts film legend Jackie Chan at number 39 and Bollywood superstar Shah Rukh Khan at 65.