Sean 'Diddy' Combs crowned highest-paid entertainer, Beyoncé in second - Taylor Swift drops

US rapper and producer Sean "Diddy" Combs has been named as the world's highest-paid entertainer, with an estimated $130, ousting another US pop singer Taylor Swift who fell to 49th place on the Forbes annual list.
 

Beyonce moved into the second spot with $105 million, courtesy of her best-selling Lemonade album and world tour, while British author J.K. Rowling with $95 million moved back into the top three thanks largely to her Harry Potter spin-off movie franchise Fantastic Beasts and Where to Find Them.

According to Forbes, Diddy, 47, earned an estimated $130 million in the 12 months ended June 1, 2017. It attributed the big payout to his Bad Boy Family Reunion Tour, earnings from his Sean John clothing line, and his partnership with Ciroc vodka.

Last year, Diddy came in 22nd on the list in a year when Swift, 27 bested all-comers with $170 million after her best-selling 1989 album and world tour.

This year, Swift, a country singer-turned-pop star, with no new album or tour, saw her earnings dip to $44 million, Forbes estimated.

Newcomers in 2017 include model Kylie Jenner, 19 who earned $41 million, and US radio and television personality Steve Harvey with $42.5 million.

Forbes compiles the list estimating pre-tax earnings, before deducting fees for managers, based on data from Nielsen, touring trade publication Pollstar, movie database IMDB.com, and interviews with industry experts and celebrities themselves.

The world's top 100 celebrities earned a cumulative $5.1 billion - about the same as last year, Forbes said.