In 2007, Diddy signed a deal with Ciroc vodka, which was set to make him $100 million.
The Hello Good Morning hitmaker is involved in everything from marketing to deciding where to sell the alcoholic beverage, which is one of drink giants Diageo's super-premium lines.
Diddy receives 50 per cent of the profits and could earn up to $100 million if the brand performs well.
He said: "It is not an endorsement deal. This is something that will have my daily attention.
"Diageo realised I'm not just a celebrity endorser, I'm a brand builder. I'm a luxury brand builder."
- BANG! Showbiz