How Much Money He Lost

Sean “Diddy” Combs‘ empire – including everything from record labels to liquor brands to media and television – has been plagued by numerous high-profile lawsuits and federal criminal charges Racketeering and sex trafficking charges were leveled against him.

Prosecutors pointed to Diddy’s lavish wealth by saying: a reason to refuse bailA judge ruled in September, arguing that this made him a potential flight risk with the ability to flee the country undetected. However, according to a report New York TimesThe disgraced music mogul’s riches may be turning into rags before his eyes, reports published on Saturday (October 26).

Journalist and former “I firmly believe he was a billionaire at one point” Forbes editor Zack O’Malley GreenburgThe person who reviewed Diddy’s finances told the press this. “I firmly believe he is no more.” Forbes In June, Diddy’s net worth was estimated to have fallen to $400 million from $740 million in 2019.

Us Weekly He has reached out to Diddy’s representatives for comment.

Timeline of Diddy’s Legal Troubles and Accusations: From Cassie Case to Multiple Arrests

As for his properties, Diddy’s mansion in Los Angeles is valued at $61.5 million and his home in Miami Beach, Florida is valued at $48.5 million. His lawyers had hoped to use the Miami Beach house as collateral when they proposed a $50 million bail in September, but that offer was rejected by the court.

Diddy denied all charges after his arrest Twice refused bail. Sent to the Metropolitan Detention Center in Brooklyn, New York until his trial On May 5, 2025.

“We are disappointed in the U.S. Attorney’s decision to pursue what we believe is an unfair investigation of Mr. Combs,” Diddy’s attorney said. Marc Agnifilo said We In September. “Sean ‘Diddy’ Combs is a music icon, a self-taught entrepreneur, a loving family man, and a proven philanthropist who has spent the last 30 years building an empire, doting on his children, and working to advance the Black community.”

Read on for a closer look inside Diddy’s shrinking empire:

Ciroc and DeLeón Partnerships

A key branch of Diddy’s business was his partnership with drinks company Diageo, where he began promoting vodka brand Ciroc about 15 years ago. After nearly five years of their partnership, he and Diageo jointly purchased DeLeón tequila.

But in 2023, Combs sued Diageo, charging that the company characterized both Ciroc and DeLeón as “Black brands” marketed only in “urban areas.” Diageo denied these allegations. A Diageo executive wrote in the court filing that the company paid Diddy close to $1 billion during their partnership.

Diddy’s ex-girlfriend at the time Cassie (full name Cassie Ventura), whom he was with for 11 years until 2018. sued him Allegations of rape and harassment, which Diddy denies. The lawsuit has since been settled for an undisclosed sum, and Cassie’s legal team claims Diddy offered “eight figures to silence her,” which Diddy refused.

Another aspect of Diddy’s dispute with Diageo was whether he would continue to represent DeLeón; Diageo’s lawyers argued that it would be “impossible” for him to “continue to be the ‘face’ of anything.”

But Diddy and the liquor company inevitably settled their dispute and the lawsuits were dismissed. As of 2024, Diageo is the sole owner of Ciroc. Diddy also sold DeLeón’s half for approximately $200 million each. New York Times.

Rebellion Media Company

Earlier this year, Diddy Sold its large stake in Revolt TV Following the sale of his homes in Miami and Los Angeles, to an anonymous buyer for an undisclosed amount of money. raided by federal agents He stepped down as chairman of the media company in November last year.

Diddy’s Music Catalog

Beyond booze and television, Diddy has made a name for himself in the music industry as both a producer and rapper, and is credited with discovering artists like himself. Celebrity BIG, Mary J. Blige And Forerunner through his record label Bad Boy Entertainment.

But his music catalog has been declining in value over the years and no longer generates much income for the mogul, in part because Diddy no longer owns the rights to some of his most popular records. Earlier this month, billboard It is estimated that Diddy earns around $1.25 million a year from recordings and music publishing rights.

Accordingly New York TimesIf Diddy had chosen to sell his music catalog, it would have been extremely difficult and its value had diminished due to the negative publicity resulting from his legal troubles.

If you or someone you know has been sexually assaulted, National Sexual Assault Hotline at 1-800-656-HOPE (4673).