The song originated on a mixtape debuted by DJ Clue. This version of the song only featured Puff Daddy and the rap act The L.O.X. (excluding Styles P). The song was later added to Puffy's debut album, No Way Out, in a remix, "It's All about the Benjamins (Remix)", which added two new verses by Lil Kim and Notorious B.I.G. This version of the song also omitted the word "Hebrew" out of Jadakiss' verse, however the word was left in on the first pressing, subsequent pressings removed the word. Additionally, when it was released on the Bad Boy's Greatest Hits Vol. I album, it retained the word. This single made it to No. 2 on the Billboard charts and its video won a "Viewer's Choice" award at the 1998 MTV Video Music Awards show. Due to the rarity of the obscure mixtape version, the remix featured on No Way Out is often considered the song's definitive version to avoid confusion.
The song samples two pieces of music. The first sample heard up to the end of Lil Kim's verse is taken from the song "I Did It For Love" by the Love Unlimited. The verse performed by Notorious B.I.G. contains a sample from the Jackson 5 song "It's Great to Be Here." This latter sample is exclusive to the No Way Out remix. After the final verse, the song reverts to the first sample and ends shortly after.
There is also a slightly different alternative to this remix called, "It's All about the Benjamins (Rock Remix II)." This lesser known version adds Size 14 to the song's already long collaboration line-up.
Both rock remixes of the song have yet to be released uncensored.
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