What is Diddy's net worth in 2024? Inside his fortune

17 September 2024, 14:26

Diddy clears up name confusion

What is Diddy's net worth in 2024 and is he a billionaire? Here's his fortune revealed.

Rapper Sean Combs (Diddy) is known for his hits including "I'll Be Missing You", his record label Bad Boy Records 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 assault by his ex-girlfriend Cassie and various other women.

• Diddy’s private jet ‘tracked to Caribbean islands’ after Homeland Security raid his Miami and LA homes
• 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 in 2024? Here's everything you need to know.

1. What is Diddy's Net Worth in 2024?

   As of 2024, Diddy's net worth stands at over a billion dollars, as reported by Fortune.

   Diddy is currently the second most richest man in Hip-Hop, with only Jay-Z beating him in terms of fortune.

   However, Forbes appear to have re-computed these numbers, and estimate his net worth to be closer to $400 million.

   

2. How did Diddy earn his net worth?

   Diddy has made ventures into the alcohol 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.

   

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