P. Diddy's Net Worth Now After Being Dropped From Forbes' Billionaire List
Highlights
- Diddy's net worth dropped to $800 million in 2024.
- Legal issues led to him to lose billionaire standing.
- Sexual assault allegations led to business setbacks.
Forbes' 2024 list of the sector's famous person billionaires noticed the record-breaking inclusion of stars like Taylor Swift and the absence of music moguls like Sean "Diddy" Combs. The rapper used to be indexed as a billionaire by means of Forbes in 2022 for his astronomical $1 billion net worth, making him the second richest hip-hop artist, with fellow rapper Jay-Z in first place. However, the updated list in 2024 didn't come with the embattled track government.
This got here weeks after Sean Diddy Combs was entangled in a web of sexual assault allegations and proceedings. Diddy's absence on Forbes' billionaire list was once not directly attached to his prison woes. He used to be dropped off the list months after severing ties with some of his main industry empires due to the prison scandals. This article will discover Diddy's net worth, how he misplaced his billionaire status, and his quite a lot of business endeavors through the years.
Inside Sean "Diddy" Combs' Fortune And Net Worth
As of 2024, Sean Diddy Comb's net worth was estimated at $800 million, less than his $1 billion fortune in 2023. Diddy used to be first qualified as a billionaire in 2022 through wealth pundit Zack O'Malley Greenburg. Active in the leisure business since 1990, Diddy displayed remarkable ability in hip-hop via song and his industry acumen. He established his notorious report label, Bad Boys Records, in 1994, signing his past due buddy, The Notorious B.I.G. Diddy additionally served as a producer, working with A-list artists, including TLC, Mariah Carey, Usher, Jodeci, and Lil Kim, amongst others.
According to Parade, Bad Boy Records is valued at over $100 million and has recorded astounding success through the years. The label tally contains 23 platinum singles, 28 gold singles, 27 platinum, and 15 gold albums. Away from tune, Sean "Diddy" Combs dabbled in numerous significant industry ventures that further proved his excellence in finance. In 1998, the rapper launched a manner corporate, Sean John, which reached $450 million at its peak. Towards the top of 2006, the fad franchise declined after the main retailer, Macy's, severed ties with the emblem.
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In 2007, the father-of-seven prolonged his ventures into the wine and alcohol trade by partnering with Diageo, the mum or dad corporate of Ciroc Vodka. He reportedly made $60 million once a year from the proceeds. When Revolt TV launched in 2013, Sean Diddy Combs used to be a significant stakeholder, proudly owning 50 percent of the trade. According to Highnobiety, the "I Need A Girl" rapper's investment in the HipHop network catapulted his net worth to $500 million at the time.
Since 1998, the "I'll Be Missing You" crooner has heavily invested in real estate, buying and promoting properties worth tens of millions. His first primary acquire was a $2.45 million home in East Hampton, the place he held his iconic white events for years. Diddy bought the mansion in 2020 for $4.7 million. In 2004, he bought a 3.5-acre estate in Alpine, New Jersey, and bought it for 5.5 million in 2016. The famous person made his most significant purchase but in actual estate in 2014 when he paid $39 million for a 17,000-square-foot villa within the exclusive space of Holmby Hills in Los Angeles.
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Sean Diddy Combs' Yealry Salary Through the Years (2020s) according to Celebrity Net Worth
Earnings | Year |
|---|---|
$64 million | 2018 |
$103 million | 2019 |
$55 million | 2020 |
$75 million | 2021 |
$ninety million | 2022 |
Why Diddy Was Removed From Forbes' Billionaire List in 2024
Sean Diddy Comb's primary stakes experienced a huge decline following a sequence of sexual assault claims and a federal sex trafficking investigation connected to him. The sensational felony drama led the Bad Boy Records boss to end his partnership with Diageo and Revolt TV. According to HipHop DX, those investments accounted for a lot of his wealth. This in the end left Diddy's net worth at $800 million, inflicting his absence from Forbes' list in 2024.
On March 25, 2024, federal government with US Homeland Security performed an intense search of Sean Diddy Combs' houses in Los Angeles and Miami over intercourse trafficking allegations. Although the rapper was not formally charged, the improvement negatively impacted his already controversial reputation. Leading as much as the house raids, Diddy used to be at the middle of a chain of court cases led by his former label signee and ex-girlfriend, Cassie Ventura.
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In November 2023, Cassie Ventura accused Sean "Diddy" Combs of sexual attack, domestic violence, and sex work. The lawsuit used to be settled the next day for an undisclosed sum of money. The "Me And You" singer sued beneath the New York Survivors Act. It is safe to say that Ventura's lawsuit created a butterfly effect, which made extra girls come ahead with sexual assault allegations towards Diddy.
The same month, Joie Dickerson-Neal slammed Diddy with a lawsuit the place she alleged that the Hollywood government drugged and sexually assaulted her in 1991. Dickerson-Neal printed that she was a college pupil on the time. Rodney "Lil Rod" Jones, a manufacturer who previously labored for Diddy, printed that he confronted "unwanted advances" and used to be forced to have interaction in sexual activities with intercourse workers hired by means of the rapper. Lil Rod also claimed to have video and audio evidence appearing Diddy and his associates engaging in "illegal activity."
In response, Sean "Diddy" Combs vehemently denied the entire accusations, which additionally implicated his son, Christian Combs. He mentioned that his willingness to pay Cassie used to be now not an admission of the alleged crimes. He also stated that many accusers sought cash grabs, hence the more than a few allegations.
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