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P Diddy

Diddy Is Not As Rich As They Say

Posted By on October 8, 2013

Diddy has decided to speak about being on top of the Forbes’ annual Cash Kings Top 20  and why it’s not all about the money for him.

Diddy spoke with Forbes about how his bank account isn’t as full as they said it was.

“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)

The Bad Boy CEO also explained how he spreads his wealth to over 1,000 employees.

“But the way I define my success is how many people I’m able to affect their lives in a positive way. I have over a thousand employees, people that I pay, over a thousand employees and from a kid coming from Harlem, if I could do it then hopefully that inspires somebody else to do it. And then another thing about being number one on the list, is that I openly accept the responsibility that comes with that and that economic power gives me the opportunity to give back. Because I was able to work hard and to earn that money, I was able to take care of my family, I got six kids and that’s kind of expensive.” (Forbes)

Check out the Forbes interview below.