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Number of hip-hop entrepreneurs on the rise in US

Published on May 15, 2014 12:07 AM
Entertainer Sean Combs delivers the commencement address during the 2014 graduation ceremonies at Howard University in Washington on May 10, 2014. -- FILE PHOTO: REUTERS

WASHINGTON (AFP) - At Howard University's graduation ceremony, students got advice from a guest speaker unlike most given that honor: Sean Combs, or "P. Diddy", a leading symbol of hip-hop artists turned businessmen.

Facing a sea of young people wearing blue gowns, the magnate of rap spoke Saturday of the secret of his success.

"I decided to embrace the entrepreneur spirit of my dad but in a honest way, in a legal way," said Combs, whose father died in a drug deal gone wrong.

Sitting atop a personal fortune of 700 million (S$875 million) dollars, "P. Diddy" is among a coterie of rapper businessmen who have gone from inner city streets to the pages of the Wall Street Journal.

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