How Diddy’s Empire Lost Millions Amid Mounting Legal Troubles
- 13 days ago
Over the past two decades, Diddy expanded his businesses across several lifestyle categories—including the Sean John fashion and fragrance lines, a wildly successful Cîroc vodka partnership with British spirits conglomerate Diageo and founding the Revolt TV network—and over that period (before taxes and fees), he earned nearly a billion dollars.
In 2019, Forbes estimated Combs’ personal wealth at $740 million. Both Combs and his team later claimed that he was a billionaire, despite offering no documentation to back up the claim. Forbes now conservatively estimates he is worth $400 million.
Given the severity of those civil cases and a looming federal investigation reportedly into human trafficking, Combs now faces an existential threat to his freedom and his fortune.
0:00 Before The Legal Trouble
1:32 Cîroc And Sean John
2:53 Diddy's Highest Net Worth
5:08 Diddy's Legal Trouble
13:56 The Impact On Diddy's Businesses
16:02 The Impact On Diddy's Music Catalogue
18:27 The Impact On Sean John
20:36 Diddy's Current Net Worth
20:56 What's Next For Diddy
Read the full story on Forbes: https://www.forbes.com/sites/lisettevoytko/2024/06/21/inside-the-rubble-of-diddys-empire/
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In 2019, Forbes estimated Combs’ personal wealth at $740 million. Both Combs and his team later claimed that he was a billionaire, despite offering no documentation to back up the claim. Forbes now conservatively estimates he is worth $400 million.
Given the severity of those civil cases and a looming federal investigation reportedly into human trafficking, Combs now faces an existential threat to his freedom and his fortune.
0:00 Before The Legal Trouble
1:32 Cîroc And Sean John
2:53 Diddy's Highest Net Worth
5:08 Diddy's Legal Trouble
13:56 The Impact On Diddy's Businesses
16:02 The Impact On Diddy's Music Catalogue
18:27 The Impact On Sean John
20:36 Diddy's Current Net Worth
20:56 What's Next For Diddy
Read the full story on Forbes: https://www.forbes.com/sites/lisettevoytko/2024/06/21/inside-the-rubble-of-diddys-empire/
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
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Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.