Combs comes in at No. 1 on "The Forbes Five: Hip-Hop's Wealthiest Artists 2014" list, boasting an estimated net worth of a staggering $700 million, a cool $120 million more than in 2013. That extra stack of scratch is the result of Combs' burgeoning Revolt TV music channel, and lucrative deals with Comcast and Time Warner Cable to air the network.

"Right now my focus is Revolt and making it the No. 1, most-trusted, most credible worldwide brand for music," Combs told Forbes. "And to get Revolt to be the quintessential definition of real time. I think that's the future."