The only thing P Diddy has more of than his recent scandals is his collection of gold and diamond chains, along with diamond-encrusted watches. This rapper and entrepreneur love to spend on the most extravagant things that money can buy, from a Lamborghini Gallardo Spider to a luxury private yacht.
One of the most notable aspects of Diddy’s extravagant lifestyle is his lavish “White Parties”. Numerous celebrities like Paris Hilton, Leonardo DiCaprio, Chris Brown, Jay-Z, Kim Kardashian, and Beyonce have attended to indulge in luxurious pleasures. In fact, when Diddy was recently arrested, authorities found 1,000 bottles of baby oil at his house. Even Justin Bieber is said to have suffered depression because of this man.
Sean ‘Diddy’ Combs Net Worth Now After Being Dropped From Forbes’ Billionaire List
Forbes’ 2024 list of the world’s celebrity billionaires saw the record-breaking inclusion of stars like Taylor Swift and the absence of music moguls like Sean “Diddy” Combs. The rapper was listed as a billionaire by Forbes in 2022 for his astronomical $1 billion net worth, making him the second richest hip-hop artist, with fellow rapper Jay-Z in first position. However, the updated list in 2024 did not include the embattled music executive.
This came weeks after Sean Diddy Combs was entangled in a web of sexual assault allegations and lawsuits. Diddy’s absence on Forbes’ billionaire list was indirectly connected to his legal woes. He was dropped off the list months after severing ties with some of his major business empires due to the legal scandals. This article will explore Diddy’s net worth, how he lost his billionaire status, and his various business endeavors over the years.
Inside Sean “Diddy” Combs’ Fortune And Net Worth
As of 2024, Sean Diddy Comb’s net worth was estimated at $800 million, lower than his $1 billion fortune in 2023. Diddy was first certified as a billionaire in 2022 by wealth pundit Zack O’Malley Greenburg. Active in the entertainment industry since 1990, Diddy displayed exceptional talent in hip-hop through music and his business acumen. He established his infamous record label, Bad Boys Records, in 1994, signing his late pal, The Notorious B.I.G. Diddy also served as a producer, working with A-list artists, including TLC, Mariah Carey, Usher, Jodeci, and Lil Kim, among others.

In 2007, the father-of-seven extended his ventures into the wine and alcohol industry by partnering with Diageo, the parent company of Ciroc Vodka. He reportedly made $60 million annually from the proceeds. When Revolt TV launched in 2013, Sean Diddy Combs was a major stakeholder, owning 50 percent of the business. According to Highnobiety, the “I Need A Girl” rapper’s investment in the HipHop network catapulted his net worth to $500 million at the time.

Why Diddy Was Removed From Forbes’ Billionaire List in 2024
Sean Diddy Comb’s major stakes experienced a huge decline following a series of sexual assault claims and a federal sex trafficking investigation connected to him. The sensational legal drama led the Bad Boy Records boss to end his partnership with Diageo and Revolt TV. According to HipHop DX, these investments accounted for much of his wealth. This ultimately left Diddy’s net worth at $800 million, causing his absence from Forbes’ list in 2024.

In November 2023, Cassie Ventura accused Sean “Diddy” Combs of sexual assault, domestic violence, and sex work. The lawsuit was settled the following day for an undisclosed sum of money. The “Me And You” singer sued under the New York Survivors Act. It is safe to say that Ventura’s lawsuit created a butterfly effect, which made more women come forward with sexual assault allegations against Diddy.
The same month, Joie Dickerson-Neal slammed Diddy with a lawsuit where she alleged that the Hollywood executive drugged and sexually assaulted her in 1991. Dickerson-Neal revealed that she was a college student at the time. Rodney “Lil Rod” Jones, a producer who formerly worked for Diddy, revealed that he faced “unwanted advances” and was forced to engage in sexual activities with sex workers hired by the rapper. Lil Rod also claimed to have video and audio evidence showing Diddy and his associates engaging in “illegal activity.”
In response, Sean “Diddy” Combs vehemently denied all the accusations, which also implicated his son, Christian Combs. He stated that his willingness to pay Cassie was not an admission of the alleged crimes. He also stated that many accusers sought cash grabs, hence the various allegations.
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