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Forbes has released their highest paid musicians for the past 12 months, from May 2010 through May 2011, and Diddy comes in tied for 18th with AC/DC, Beyonce, Tim McGraw and Muse, earning an estimated $35 million dollars.

U2 takes the top slot with $195 million. Representing hip-hop, you have The Black Eyed Peas at #7 ($61 million), Usher at #12 ($46 million) and Jay-Z at #17 ($37 million).

Via Sean Ryon.