Editor’s Note: This story contains discussions of rape or sexual assault that may be disturbing. Reader discretion is advised. If you or someone you know has been sexually assaulted, you can find help and discreet resources on the National Sexual Assault Hotline website or by calling 1-800-656-4673.
(NewsNation) — Sean “Diddy” Combs is currently facing a slew of sexual assault allegations, with some dating back decades. How has his net worth been affected by the charges?
Back in 2022, before the federal charges he is facing now, he had hosted the Billboard Music Awards, created a new record label and reached billionaire status, according to Fortune.
Now, Diddy is in jail in Brooklyn waiting for his federal trial, which is scheduled for May 2025.
Diddy’s net worth shrinks after allegations
In 2022, Diddy’s net worth was $1 billion, Fortune reported. However, at the end of 2024, his net worth had plummeted to only $300 million.
Here’s how his net worth has changed from 2022 to 2024, according to Fortune:
- Spirits: Decreased to $150 million from $700 million
- Real estate and collectibles: Has stayed consistent at an estimated $100 million
- Private investments: Decreased from $50 million to $25 million
- Catalog and intellectual property: Decreased to $15 million from $75 million
- Cash and equivalents: Decreased from $75 million to $10 million
Spirits
In 2007, Diddy signed a deal to promote Ciroc, and in 2013, he purchased DeLeón with Diageo. According to Fortune, he owned half of DeLeón tequila.
The Associated Press reported that in May of 2023, Diageo sued Diddy, saying the promised investments in Ciroc and DeLeón were not made and were treated as “inferior ‘urban’ products.”
Combs then accused Diageo of racism, saying that leadership told him “race was one of the reasons it limited distribution to ‘urban’ neighborhoods,” The Associated Press reported. The company denied Diddy’s claims, saying he was creating “false and reckless” allegations to “extract additional billions” from Diageo.
In January 2024, Diddy and Diageo decided to “resolve all disputes between them,” with Diageo owning Ciroc and DeLeón and having no business relationship with Diddy.
Real estate and collectibles
Diddy’s mansion in Miami Beach was appraised at $48.5 million, while his Los Angeles home has been sitting on the market since September at a whopping $61.5 million.
According to Fortune, Diddy also has a private jet worth around $20 million and a Kerry James Marshall painting. He bought that painting in 2018 for $21 million.
Private investments
Diddy was an early investor in Spotify and has invested in many other startups. Fortune reported that he gave up his stake in Revolt recently, and Empower Global, his online marketplace, has been closed.
Catalog and intellectual property
One thing that Diddy worked on before charges were filed was returning publishing rights back to artists like Ma$e. Some didn’t accept his offer, including Aubrey O’Day, former Danity Kane singer, who didn’t like the mandatory nondisclosure agreement, according to Greenburg.
Cash and equivalents
According to Fortune, this case has caused Diddy to empty his bank accounts by writing several checks. Among those included are an alleged settlement with ex-girlfriend Cassie and a mortgage payment of around $18 million to use his South Florida home as collateral for his bond.
Legal bills and settlements will most likely take more of his fortune and could put him into bankruptcy.
Diddy case, sexual assault allegations
Diddy has been charged with federal counts of racketeering, sex trafficking and transportation to engage in prostitution. He is currently awaiting his May 5 trial and has pleaded not guilty. In March, an existing federal indictment against Diddy was amended to accuse him of “forced labor.”
“He looks forward to his day in court when it will become clear that he has never forced anyone to engage in sexual acts against their will,” Marc Agnifilo, one of Combs’ lawyers, said in a statement to Reuters.