Rap’s third wealthiest entrepreneur (according to Forbes, anyway) threw his annual White Party in the Hamptons last weekend. That’s the sort of shindig that’s attended by anyone who’s anyone — and can wrangle an invitation. Diddy‘s guests included stars of music, screen and design, including Mariah Carey, Brian Michael Cox, Lil’ Kim, Donna Karan and, of course, Diddy’s brood. Meet the next generation of moguls in our gallery below. For all your celebrity-party-pics needs, check out VH1′s Red Hot Red Carpet.