The third time’s the charm for Diddy. This year Bad Boy’s mastermind has once again topped Forbes annual Wealthiest Hip-Hop artists list. According to the magazine, Puff is now worth $580 million, last year they placed his fortune at $550 million. Just like the years before a majority of Diddy’s money comes from his non-music ventures such as Ciroc. Forbes says his deal entitles him to eight-figure annual payouts and a nine-figure windfall if the brand is ever sold. As for the rest of the top 5, your guesses should be pretty accurate.

Check out the rest of the top five after the jump…

2. Jay-Z – $475 million
3. Dr. Dre – $350 million
4. Birdman – $150 million
5. 50 Cent – $125 million