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Forbes Releases its Annual List of Hip hop’s Cash Cows for 2012. Check the list below:

Forbes Top 5 List is Below:

1. Sean “Diddy” Combs – $550 Million
2. Shawn “Jay-Z” Carter – $460 Million
3. Andre “Dr. Dre” Young – $270 Million
4. Bryan “Birdman” Williams – $125 Million
5. Curtis “50 Cent” Jackson -$100 Million

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It’s been 15 years since the Notorious B.I.G. was killed in a drive-by shooting in Los Angeles. While there are plenty of unanswered questions in the still-unsolved homicide, one thing that can’t be questioned is Biggie’s game-changing contributions to rap music.
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Diddy can now add being an Oscar winner to his list of accomplishments, taking home a gold statue Sunday night for producing the football documentary Undefeated. After the award was announced, the rapper, entrepreneur and mogul tweeted “God is the greatest!!!! Thank you! #undefeated !!!!”

Congrats!!

Full list of Academy Award winners after the jump…
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NEW YORK, Feb. 21, 2012 – Sean “Diddy” Combs, founder and CEO of Bad Boy Worldwide Entertainment Group (BBWEG), a Grammy Award winning producer, hip-hop artist, and global business owner, declared “One of the Most Influential Businessmen in the World” by Time Magazine and CNN, today announced REVOLT, a new venture to create a real-time, socially connected music television network.

REVOLT was selected as one of four new minority-owned independent networks to be broadly distributed on Comcast Cable systems between July 2012 and January 2014. After a thorough evaluation of more than 100 proposals, Comcast selected Combs’ proposal. Comcast will be the first cable operator to broadly carry REVOLT at the time of launch. Read More

If you are a baller or make music about getting money you should be in attendance at the Sean “Diddy” Combs grammy after party.  If you are really ‘poppin’ tags’ then you will cop the ‘Monster’ Cabana for your crew: $50,000.

That 50K will get you 2 cabanas, VIP admission for 20 people, buffet dinner, open bar, free bottle service and 15 dedicated female promotional models at the 54th annual Grammy Awards after party.

 

If that’s a little bit too much for your budget you can grab tickets in other price ranges from $25,000 down to $1500.

 

The event is for a very good cause. It will benefit Angelwish.org. The organization grants wishes to millions of children around the world who are living with or affected by HIV/AIDS.

Hugh Hefner will be honored at the event as the Angelwish “Humanitarian of the Year” for his commtment to helping charities and those in need.

 

The event will take place on February 12 at 8PM.

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The makers of CÎROC Ultra Premium present the short film : Luck be a Lady featuring Sean ‘Diddy’ Combs, Eva Pigford, Michael K. Williams, Aaron Paul, Dania Ramirez, and Jesse Williams. Directed by Anthony Mandler in Las Vegas for CÎROC Ultra Premium. Perfectly Smooth. Celebrate Life Responsibly.

 

French Montana on being signed to Diddy & Bad Boy Records:

“I really feel real good that’s why I kept it here in New York. Why would I take my talent to South Beach? When I met with Puff and sat down and really spoke, he told me a couple of things and [he] never lied to me about nothing and always kept his word. It is what it is. It’s New York. I want to bring it back to New York.”

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