*There’s a new, old no. 1 in town. Forbes just named Diddy as the wealthiest Hip Hop artists with Jay-Z in close second.

The media mogul moved his peer from the top spot he’d been hogging for four years straight. Now Diddy is worth $475 million while Jay-Z is at $450 million.

Behind Diddy and Hova is Dr. Dre with $125 million, 50 Cent at $100 million and Birdman with $100 million.

Diddy makes his money in several ways including his stakes in Bad Boy Worldwide Records, Sean John Clothing and his joint business deal with Ciroc vodka.

The top earners were chosen by “valuing current holdings, looking at past earnings, leafing through financial documents and talking to a bevy of analysts, attorneys, managers and other industry players to find the nitty-gritty details.”