Oct. 30 2024, Revealed 8:00 a.m. ET
Sean “Diddy” Combs is seeing his wealth go down the pan alongside together with his status with Forbes reporting he is had $600 million knocked off the worth of his riches.
Simply seven years in the past he was the highest earner on Forbes’ checklist of the 100 highest-paid celebrities — and was as soon as ranked as a billionaire, RadarOnline.com can reveal.
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The journal mentioned the artist previously often called Puff Daddy introduced in $130 million from June 1, 2016, to June 1, 2017.
Forbes mentioned Diddy’s Dangerous Boy Household Reunion Tour, a stake in Ciroc vodka and the $70 million sale of one-third of his Sean John clothes line all contributed to his earnings.
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No. 2 on the checklist was Beyonce, with $105 million in earnings. Harry Potter creator J.Okay. Rowling introduced in $95 million. Rapper Drake and Portuguese soccer famous person Cristiano Ronaldo spherical out the highest 5.
The earlier 12 months’s high earner, Taylor Swift, had dropped to No. 49. The singer introduced in $44 million, down from $170 million.
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In keeping with Enterprise Insider, his file label netted him over $130 million yearly when it was at its peak, following 5 studio albums, two collaborative albums, one remix album and 72 singles.
His alcohol companies made him over $90 million final 12 months, in keeping with Forbes, together with his Ciroc partnership with Diageo alongside Revolt and DeLeón tequila bringing him in an enormous chunk of change.
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In November 2022, P Diddy introduced a $185 million deal to buy numerous hashish retail shops which might have made him the chairman and CEO, nevertheless, the deal was canceled after the allegations in opposition to him began to construct.
Now Diddy’s staggering web price has seen an enormous change amidst a number of dire allegations filed in opposition to the music mogul.
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A report by Forbes editor Zack O’Malley Greenburg acknowledged that the web price of Combs, who’s presently in federal custody awaiting trial, has dropped drastically.
Nonetheless, the publication additionally famous that it has been dropping massively during the last 5 years, even earlier than his arrest.
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Combs was a billionaire at one time, nevertheless, that standing has diminished away after years of accusations in opposition to the rapper.
The 54-year-old rapper’s web price had dropped by greater than half of what he as soon as owned.
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In keeping with that breakdown of his web price, it was right down to $400 million. In 2019, Combs had an estimated web price of $740 million.
Amongst his reducing web price have been issues that had nothing to do with the allegations.
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The hip-hop icon faces allegations of sexual assault, coercion, and abuse.
Nonetheless, Combs pleaded not responsible to all the fees in opposition to him and plans to struggle all of the allegations.
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His bail plea has been denied thrice and he’ll face a trial set for Could 5, 2025.
Final month the mogul was instructed he would stay in federal custody after a decide denied his attraction to be granted, someday after he pleaded not responsible to 3 felony counts together with intercourse trafficking and racketeering following a sequence of sexual assault allegations and a federal investigation.
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