Mo, money, no problems. For the second consecutive year, Diddy is at the top of Forbes' annual Hip-Hop Cash Kings List.

According to business magazine, the Bad Boy Records founder earned a whopping $62 million within the past year. Thanks to Diddy lucrative Ciroc vodka deal and non-musical ventures, Diddy was able to rake in the dough like a bakery.

Coming in at No. 2 is Jay Z who earned $53.5 million. Although he didn’t tour or release any new music, the rap vet was able to make money with his Roc Nation entertainment company and branding deals with Armand de Brignac champagne, D’Usse cognac and other ventures. At No. 3 is Dr. Dre with $41 million thanks to revenue from the N.W.A biopic Straight Outta Compton and residuals from his $3 billion Apple buyout deal.

Rounding out the Top 5 is Drake with $38 million and Wiz Khalifa who netted $24 million. Other hip-hop earners that graced the list include Nicki Minaj ($20.5 million), Pitbull ($20 million), Pharrel Williams ($19.5 million), Kendrick Lamar ($18.5 million), Birdman ($18 million) and Kanye West ($17.5 million).

This year also marks the 10th anniversary of Forbes Hip-Hop Cash Kings list. The top 20 acts that have graced the tally have all generated $4.5 billion over the past decade, which is an average of $22.5 million per act per year.

Top 5 Hip-Hop Cash Kings List

1. Diddy - 62 Million
2. Jay Z - $53.5 Million
3. Dr. Dre - $41 Million
4. Drake - $38 Million
5. Wiz Khalifa - $24 Million

To check out the full 2016 Hip-Hop Cash Kings List, head over to

Watch "Bronx to Billions: The Forbes Guide To Hip-Hop History"