Los Angeles: Rapper P. Diddy has been named the world's highest-paid hip-hop star, according to Forbes' Hip-Hop Cash Kings list.

Diddy, whose real name is Sean Combs, is said to have earned USD 60 million over the past year, according to the list released on Tuesday, reports aceshowbiz.com.

His earnings largely come from his ventures outside the studio, including his TV network Revolt, his clothing line Sean John, alkaline water brand Aquahydrate and Ciroc vodka. The "Last night" rapper is also readying for a new album.

Trailing close behind Diddy is Jay-Z with USD 56 million earned from his sold-out "On the Run" tour with his wife and singer Beyonce Knowles, as well as business ventures like his entertainment company Roc Nation and Armand de Brignac champagne.

Drake has taken the third spot after earning USD 39 million from his 50 shows with a nightly average gross of nearly 1 million.

Top 10 List of Forbes' Highest-Paid Hip-Hop Acts 2015:

1.P. Diddy - USD 60 million
2.Jay-Z - USD 56 million
3.Drake - USD 39 million
4.Dr. Dre - USD 33 million
5.Pharrell Williams - USD 32 million
6.Eminem - USD 31 million
7.Kanye West - USD 22 million
8.Wiz Khalifa - USD 21.5 million
9.Nicki Minaj - USD 21 million
10.Birdman - USD 18 million