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Sean “Diddy” Combs is the richest man in Hip-Hop, according to a new list released by Forbes Magazine. Fresh off of his appointment as the keynote commencement speaker for his alma mater Howard UniversityDiddy (or Puffy or whatever he’s going by today) increased his net worth by $120 million over last year. Right now, he’s king at a staggering fortune of $700 million, followed by Dr. Dre($550 million) and Jay-Z ($520 million). He can thank the launch of his new cable network Revolt TV for that nice bump in fortune.

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