VIDEO: Diddy Says Nicki Minaj is "One of the Great Ones"

Diddy is expanding his empire. The mogul recently announced the opening of a management firm that he'll oversee in addition to his existing business holdings, which include a restaurant, clothing line and, of course, Bad Boy Records.

Rick Ross was the first to ink with Diddy, describing the knowledge Diddy has as "priceless." And now, Nicki Minaj is finalizing the paperwork that will allow the Last Train to Paris superstar to guide her career. The Young Money femcee has already been in the studio with Diddy, and he's been singing her praises. -MTV