P Diddy looses $1 million to Rick Ross

If you are the wealthiest hiphop rapper in the world, losing $1 million through a game of craps is no big issue.

"Come With Me" rapper P Diddy lost $1 million in a day after losing in a private game of dice against fellow rapper and Maybach Music Group boss Rick Ross.

It was confirmed through a video posted by Diddy on his Instagram where the two are playing dice with a note which reads, “To R.R. I owe u! 1,000,000. Diddy.”

However, in a tweet posted by Diddy, he said the loss meant nothing to him, "I just lost a million to @rickyrozay in the studio recording Big Homie." Ross followed with another Tweet, "I just won a Milli from @iamdiddy Go to my Instagram Now: Richforever."

The 44-year-old CEO of the Bad Boy Records amassed an impressive fortune this year with $580 million. Rounding the top five were Jay Z, Dr. Dre, Birdman and 50 Cent.

Rappers are famed for being fond of gambling. Birdman shelled out $5 million on the New England Patriots during Super Bowl XLVI. 50 Cent also dropped $500,000 to NY Giants who beat the 49ers last year.

Meanwhile, P. Diddy recently launched a global talent search looking for a young person 13-25 to join his online TV channel, REVOLT TV. The channel is scheduled to be launched in October which will feature the freshest and most innovative people around the world. Those interested to join may upload their video via Youtube, Instagram, Twiter, Facebook, Vine and Vimeo with the hashtag #iamrevolt until September 30.

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P Diddy looses $1 million to Rick Ross