Diddy continues to make strides in the name of business and Hip Hop. The Bad Boy Records founder has been named to Time magazine’s 100 Most Influential People for 2006.

“I ain’t going to lie. I feel like a kid that just came home with a good report card. I’m truly blessed,”Diddy said after hearing the news.

Time labeled Diddy a ”force of nature” and also dubbed him a “Builder and Titan.”

Since his beginnings at the now defunct Uptown Records, Diddy has worn many hats in the rap game, including artist, producer and label head.

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Recent years have seen him branch out to television with the popular Making the Band series on MTV. Diddy also has his own cologne, Unforgivable, which is the top selling men’s fragrance in the country.

Diddy joins President Bush, Daddy Yankee, Dane Cook and U2 front man, Bono on this year’s list.

The issue of Time is at newsstands now.