(Cover) - EN Showbiz - P. Diddy has teased that he has a Masters degree with the field of expertise being Getting Money.

The 41-year-old rap mogul famously quit Howard University to become an executive at Uptown Records before founding Bad Boy Records in 1993.

Diddy has since gone on to become an entrepreneur, having enjoyed success as a record producer, rapper, actor, singer, and men's fashion designer.

The stars latest venture will see him open a business academy in his native New York. According to Diddy, hes the best person to impart advice on moneymaking.

Im still putting together the business school in New York. I already got a degree. You didnt know I got a degree? I got a Masters degree in Getting Money, he laughed to British newspaper The Daily Mirror.

Diddy famously enjoys making the most of his success, and often throws swanky parties attended by the rich and famous. His latest bash was a Super Bowl post-match party, which he co-hosted with XXL magazine. Entitled the Fantasy Party, the soiree took place after Americas NFL (National Football League) final game between Green Bay Packers and Pittsburgh Steelers. The party was held in the Tower Building in Dallas, Texas, with Diddy himself providing musical entertainment as a DJ. (C) Cover Media