The good folks over at MTV recently caught up with Hip-Hop’s reigning Cash King Sean “Diddy” Combs”, where they picked the mega mogul’s mind on his thoughts about Forbes Magazine’s recent report dubbing him the wealthiest man in Hip-Hop with an empire worth a staggering $475 million.

“To be honest, on that list, I was on the cover of Forbes back in ’98,” Diddy said. “I been on that list. I don’t really get caught up into the list. I think people think that I have that money actually sitting at home in the basement.”

The figure, according to Forbes, includes Puff’s current holdings and past earnings from public financial documents. The Bad Boy CEO confirmed this by humbly stating that, in order to have that much cash on hand, he would need to sell off all his companies and assets, something he takes great pride in.

“It’s really like if I sold all my companies, and I take pride in [building] something as a black man that’s worth that much,” Diddy said, but he added a warning with a laugh: “To everyone calling me for a loan today, I do not have that money today!”

(Sigh) Must be nice…

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