What is Diddy's net worth? Inside his fortune
15 December 2023, 16:21
Diddy clears up name confusion
What is Diddy's net worth and is he a billionaire? Here's his fortune revealed.
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Rapper Diddy is known for his hits including "I'll Be Missing You", and his ventures in the alcohol industry have made him a very wealthy man.
The 54-year-old has become one of the wealthiest men in Hip Hop, and has also made headlines recently after being accused of sexual assault by his ex girlfriend Cassie and various other women.
- Diddy dating history: From Jennifer Lopez to Lori Harvey
- Diddy breaks silence on sexual assault claims as fourth accuser files lawsuit
- Diddy ‘responds’ after ex-girlfriend Cassie accuses him of ‘abuse and sexual assault’ in $30million lawsuit
So, is Diddy a billionaire and what is his net worth? Here's everything you need to know.
What is Diddy's Net Worth?
As of 2023, Diddy's net worth stands at over a billion dollars.
Diddy is currently the second most richest man in Hip-Hop, with only Jay-Z beating him in terms of fortune.
In 2022 alone, Diddy made $90 million, however in 2023 this number is looking to be lower after businesses started to distance themselves from Diddy following the accusations of sexual assault.
How did Diddy earn his fortune?
Diddy has made ventures into the alchohol industry as well as owing a record company, a school, and a clothing company.
His Cîroc partnership with Diageo is said to account for the bulk of his wealth, but other assets such as Revolt and DeLeón Tequila have certainly helped; last year he made $90 million, according to Forbes.
In November 2022, Combs announced a $185 million deal to buy cannabis retail stores and production facilities in New York, Illinois and Massachusetts from Cresco Labs and Columbia Care.
If the deal closes, he will become chairman and CEO of the largest Black-owned cannabis business in the $26.1 billion (2022 sales) industry.