Forbes Crowns Sean 'Diddy' Combs As Highest-Paid Entertainer

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MIAMI (CBSMiami) -- Entertainer Sean "Diddy" Combs is the top earner on Forbes' list of the 100 highest-paid celebrities.

The magazine says the artist formerly known as Puff Daddy brought in $130 million from June 1, 2016, to June 1, 2017.

Forbes says Diddy's Bad Boy Family Reunion Tour, a stake in Ciroc vodka and the $70 million sale of one-third of his Sean John clothing line all contributed to his earnings.

No. 2 on the list is Beyonce, with $105 million in earnings. Harry Potter author J.K. Rowling brought in $95 million. Rapper Drake and Portuguese soccer superstar Cristiano Ronaldo round out the top five.

Last year's top earner, Taylor Swift, dropped to No. 49. The singer brought in $44 million, down from $170 million.