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4. P. Diddy
Net worth: $780 million
Music mogul Sean “Diddy” Combs founded Bad Boy Worldwide Entertainment Group in 1994 and established its flagship record label, Bad Boy Records, soon after, effectively launching his own hip-hop career and the careers of artists like Notorious BIG, Craig Mack, and Faith Evans.
Diddy serves as chairman of the company, now a part of Sony’s Epic Records. It has sold a collective 400 million records and produced 38 platinum and multiplatinum singles since its inception.
He has also produced award-winning records and music videos for artists including Mary J. Blige, Jennifer Lopez, Mariah Carey, and Lil’ Kim.
The entrepreneur’s other ventures include his men’s apparel label, Sean John; a multimillion-dollar co-ownership deal with the makers of Ciroc vodka; and co-ownership of Revolt TV and Media, a multiplatform music network.