P. Diddy is one of the wealthiest rappers at the moment. With a net worth of $1 billion, Diddy joins Jay-Z and Kanye West as the only other hip-hop artists to reach the billionaire level,
according to a new analysis published on Friday by former Forbes entertainment editor Zack O’Malley Greenburg. Diddy’s newfound wealth comes from a variety of sources, including his record label (‘Bad Boy Records’) and companies (Ciroc and Revolt).
On November 4, 1969, Sean Combs entered the world in his family’s hospital room in Harlem, New York. His mom, Janice, worked as a teacher’s aide and occasionally modeled. Combs lost his father, Melvin, a veteran of the United States armed forces, to a gunshot wound in Central Park when he was just two years old.
Mount Saint Michael Academy, a Roman Catholic high school, awarded Combs his diploma in 1987. He had planned to major in business at Howard University but dropped out before his second year.
Diddy Net Worth
The American rapper, musician, record producer, entrepreneur, and designer P. Diddy is also known by his stage name, Puff Daddy. Diddy’s net worth is estimated to be $900 million as of this writing. In addition to his own musical and business endeavors, he is perhaps most well-known as the founder and CEO of the record company Bad Boy Entertainment.
Twenty years and counting have seen Diddy’s name consistently listed among the world’s top earners and wealthiest celebrities. A typical year in recent memory has seen him bring in between $50 and $100 million. A vast economic empire including music royalties and investments in businesses like Ciroq vodka has brought in well over a billion dollars for him between the years 2000 and 2020. He has assets in Aquahydrate, a producer of alkaline water, and DeLeon tequila.
Combs began his career in the music industry at Uptown Records in New York. The Notorious B.I.G. was signed to Uptown Records when Biggie Smalls was sacked from the label in 1993 and he founded Bad Boy Entertainment. Eventually, he signed singers like Usher, Lil Kim, TLC, and Aretha Franklin to the company. In 1997, Combs rebranded himself as Puff Daddy and debuted with the top-charting hit “Can’t Nobody Hold Me Down.”
Other Projects and Ventures
Combs has had success in both the music and film industries. Made (2001), A Raisin in the Sun (2008), Get Him to the Greek (2010), Draft Day (2014), and The Defiant Ones are just a few of the films in which he has appeared (2017). In addition to his work as an executive producer on the MTV reality show “Making the Band,” he also had a brief reality TV career of his own with the VH1 series “I Want to Work for Diddy,” which aired in 2008.
Combs has also found commercial success. In 1998, he launched his own clothing brand, and by 2004, he had been named the CFDA’s Menswear Designer of the Year. His business holding firm, Combs Enterprises, reports directly to him.
Combs has six kids. In 1993, he and his wife, the designer Misa Hylton-Brim, welcomed their first child into the world. His relationship with Kimberly Porter lasted from 1994 until 2007, with occasional rekindlings. Combs adopted Porter’s son from a previous relationship, and the couple produced a son and twin daughters together. In November 2018, Porter lost his battle with pneumonia and passed away.
In October 2007, Combs assumed parental responsibilities for his daughter with Sarah Chapman. His $7 million mansion is located in Alpine, New Jersey. Combs’ history with the law is replete with numerous brushes. Jennifer Lopez was his girlfriend at the time of December 1999 shooting at Manhattan’s Club New York. After a police probe, Combs and fellow rapper Shyne were jailed on weapons charges.
A highly publicized trial ensued after Combs was accused of four counts of weaponry offenses and bribery for having his driver claim possession of his gun. In 2001, he was arrested in Florida for driving with a suspended license.
D.I.C. spent $2.45 million for an East Hampton mansion in 1998. His infamous White Parties were held there. This house brought in as much as $200,000 a month in rent while he was renting it out. In 2020, he made a 4.7 million dollar profit on the sale of this building. For $4 million in 2004, Diddy purchased a 3.5-acre mansion in Alpine, New Jersey. In 2007, he tried to sell this house for $9 million, but he didn’t find a buyer.
It wasn’t until 2016 that he sold the property for $5.5 million. Diddy spent million in September 2014 on a property that spans 17,000 square feet and is located in the posh Los Angeles enclave of Holmby Hills.
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Nile Niami, the developer, constructed the dwelling as speculation. There is a grotto and an underwater tunnel in the pool at Diddy’s Beverly Hills property.
There’s also a wine cellar, a beauty salon, a massage area, a steam room, and a movie theatre that seats 35. It is conveniently close to the infamous Playboy Mansion. Diddy bought Kim Porter, with whom he has multiple children, a mansion for $5.25 million in 2009. Kim’s passing in 2018 was a great loss. Despite the recent sale, Diddy is still the owner of this house.