The trial of Sean ‘Diddy’ Combs has come to an end and the music mogul has been found guilty of two counts of transportation for prostitution. Despite being his acquitted of sex trafficking and racketeering charges, a dark cloud continues to hang over Diddy’s legacy.
He was once the most powerful man in music whose ascent to the top was something to behold. Starting his own music label Bad Boy Records at the age of 24 and signing artists like The Notorious B.I.G and Faith Evans, Diddy quickly diversified his portfolio to become a multi-million dollar global empire. His company, Combs Enterprises, now Combs Global, grew to include music, fashion, fragrances, beverages, marketing, film, television, and media properties.
As such, Diddy has amassed enormous wealth over the years. But what is he worth? And has his wealth been affected by the trial? We’ve done the research so you don’t have to.
Diddy at the 2022 Billboard Music Awards, the year he was declared a billionaire. (Photo: IMAGO)
What is P Diddy’s net worth now?
In June 2024, two months before Diddy was arrested, Forbes valued his net worth at $400 million (£292m). However, in 2018 Diddy’s net worth was reportedly $825 million (£603m).
In 2022, Rolling Stone reported that he had become a billionaire, making him the second richest hip-hop artist behind Jay-Z at the time. ‘Diddy’s surge into the billionaires club comes courtesy of years of investments and valuable assets, including his Ciroc partnership with Diageo which draws in $60 million annually,’ the article reports. ‘The musician-turned-entrepreneur also benefits from his partial ownership of DeLeon tequila and Revolt, the media network launched in 2013 for which Diddy is a majority shareholder.’
How did Diddy make so much money?
From those who knew Diddy in his youth, such as former Bad Boy Records producer Prince Charles Alexander, it was clear from the off that Diddy was ambitious.
During his music career, Diddy released five studio albums, two collaborative albums, one remix album and 72 singles. It was also reported by Business Insider that his record label brought in about $130 million a year in its prime.
The year his first album came out, he also launched a clothing brand called Sean John. In 1998, the brand made its debut at Bloomingdale’s in New York. According to Macy’s Sean John’s annual revenues exceed $525 million (£385m). It’s also estimated that Diddy made about $60 million (£40m) from his deal with beverage company Diageo to increase exposure and sales for Cîroc vodka and DeLeón.
He also has investments in the cannabis industry, an extensive property portfolio including homes in LA, New York, Miami, The Hamptons, New Jersey and Georgia.
As well as being a successful producer and recording artists himself, Diddy established himself as a cultural figure at large, earning a star on the Hollywood walk of fame in 2008 and regularly hosting infamous A-list white parties which read as a who’s who of the entertainment industry.
His company Combs Global employs more than 200 people and is based in New York.
Will Diddy’s net worth be affected by the trial?
It’s possible that Diddy’s net worth will be affected by his high profile criminal trial – and likely that it already has. The music mogul reportedly lost more than half his wealth in two years from his billionaire status in 2022 to $400m in 2024. It is unclear what Diddy’s current net worth is.
It is likely Diddy’s his multiple business ventures are being overseen by a seasoned group of executives, including his management team at SALXCO. More information can be found here.
Diddy is currently being detained in the Metropolitan Detention Centre in New York and his prison sentence is currently scheduled to be determined in October. He faces up to 20 years, but is expected to have a much shorter sentence.
Nikki Peach is a writer at Grazia UK, covering pop culture, TV, news and features.
