Sean “Diddy” Combs trial at the Manhattan Federal Court is scheduled to start on May 5. Last week, he was the target of a new federal indictment, which accuses the typ-hop tycoon of five crimes, including extortion and sexual trafficking, according to court records.
Combs, 55, was already facing three criminal accusations. He declared himself innocent from accusations of conspiracy for extortion, sexual traffic and transport for prostitution.
Read more:
Also known during his career as Puff Daddy and P. Diddy, Combs founded Bad Boy Records and helped turn R&B rappers and singers such as Mary J. Blige, Faith Evans, Notorious Big and Usher into stars in the 1990s and 2000s.
The US Prosecutor’s Office in Manhattan said Combs used their commercial empire to sexually abuse women between 2004 and 2024.
Fortuna de Diddy
Diddy has been in the musical business since 1990, when he started as an intern at New York’s Uptown Records before founding his own label, Bad Boy Records. Although he is undoubtedly more recognized and acclaimed by his musical career (receiving credit for discovering big names like Notorious Big, Mary J. Blige and Usher), her fortune goes beyond music, which is neither the only, nor the greatest source of her wealth.
Continues after advertising
It has several commercial projects and properties that total an estimated equity of $ 1 billion, according to Forbes report published in 2022. Of course, Diddy can suffer significant financial losses if any of the processes go ahead.
The artist is considered one of the richest rappers of all time. In 2002, Fortune magazine appointed Diddy as one of 40 richest Americans under 40. At the time, he was a founder and CEO of Bad Boy Entertainment and had an estimated equity of $ 293.7 million.
Where did you exactly come to Diddy’s fortune? It is the result of a combination of label contracts, investments in properties, a line of clothing, partnerships with alcohol brands, acting and even cannabis -related businesses.
Continues after advertising
(With Reuters and Fortune)
