Last week Forbes released their annual list of “Hip Hop’s Cash Kings” and Sean “Diddy” Combs was once again atop the list with a net worth of $475 billion. While Diddy didn’t deny he was wealthy man, he assured people his bank account isn’t halfway to ten figures.

“To be honest, on that list, I was on the cover of Forbes back in ’98,” Diddy told MTV. “I been on that list. I don’t really get caught up into the list. I think people think that I have that money actually sitting at home in the basement.”

Combs went on to explain the basics of net worth. “It’s really like if I sold all my companies, and I take pride in [building] something as a black man that’s worth that much,” Diddy said. “To everyone calling me for a loan today, I do not have that money today!”

“It helps inspire people and it shows the power of hip-hop,” he added.