Diddy Net Worth (Money & Salary)

What Is Diddy’s Net Worth?

P. Diddy, also known as Puff Daddy, is an American rapper, singer, entrepreneur, designer, and record producer with a net worth of $600 million. Diddy has maintained a position among the wealthiest rappers for decades; however, contrary to some reports, he has never reached billionaire status.

Diddy gained international fame primarily through his record label, Bad Boy Entertainment. As a music executive, he played a pivotal role in launching or propelling the careers of many artists, such as The Notorious B.I.G., Mary J. Blige, and Faith Evans, while also producing tracks for big names like Usher, Lil’ Kim, Mariah Carey, Boyz II Men, and TLC, among others. In the late ’90s, he released his debut, one of many successful rap albums, and won his first Grammy for Best Rap Album. Throughout the ’90s and the early 2000s, he remained prolific, releasing numerous albums and receiving a plethora of awards. Although his tracks enjoyed significant radio play and popularity among fans, several hip-hop artists criticized his frequent use of samples and guest performances. Along with his musical achievements, Diddy’s personal life drew media attention as well, with incidents such as a shoot-out at a club and his relationships with several prominent women, including Jennifer Lopez. Additionally, he ventured into multiple successful clothing lines, produced two reality shows, established a liquor brand, and embarked on a moderately successful acting career.

In recent years, however, Diddy’s image has faced challenges due to various lawsuits, allegations of sexual assault, and a September 2024 arrest on charges related to sex trafficking and racketeering.

Diageo/Ciroq/DeLeon

Over the past two decades, Diddy has amassed well over $1 billion through his vast business empire. His most lucrative partnership has been with the liquor company Diageo. He significantly contributed to the rise of the vodka brand Ciroq and the tequila brand DeLeon. Diddy’s collaboration with Diageo commenced in 2007 when he entered into an equal partnership with the conglomerate to market and promote Ciroq vodka. The partnership thrived, and Ciroc emerged as one of the leading vodka brands globally. In 2013, Combs and Diageo co-purchased the DeLeon tequila brand, which is a premium tequila produced from 100% Blue Agave. According to a June 2023 legal filing following a lawsuit Diddy filed against Diageo, from 2007 to 2023, Diageo compensated Diddy with $1 billion for his contributions to the brand. This sum is likely significantly higher than his earnings from music. Diddy’s partnership with Diageo concluded in January 2024, when he received $200 million for his 50% share in DeLeon.

Early Life and Career Beginnings

Sean John Combs was born in Harlem, New York City, on November 4, 1969. He grew up in a housing project in Harlem. His father, Melvin Combs, was involved with convicted drug dealer Frank Lucas. Tragically, Melvin was murdered when Sean was only three years old. Following this tragedy, the family relocated to Mount Vernon, New York.

This relocation altered the course of Sean’s life. In his former neighborhood, it was commonplace for youths to leave school and get involved in gangs. In contrast, his new neighborhood offered a different environment, and…

Graduating from the distinguished Mount Saint Michael Academy, Sean subsequently enrolled at Howard University in Washington, D.C., pursuing a degree in business.

While studying at Howard, Combs secured an unpaid internship at Uptown Records in New York City, courtesy of rapper Heavy D, an acquaintance from Mount Vernon. To accommodate his internship, he adjusted his class schedule at Howard, allowing him to commute to New York City by train several days a week while still attending classes in Washington, D.C. Every Thursday at 5 a.m., Diddy would board a train to New York, ensuring he arrived at work by 10 a.m., then returned to D.C. on Friday night for party promotions throughout the weekend. By his sophomore year, he recognized a greater interest in his career aspirations over his education, leading to his decision to leave Howard and accept a full-time position at Uptown Records. Just 22 years old, he quickly ascended to the role of Vice President within two years.

At Uptown, he played a significant role in developing artists like Jodeci and Mary J. Blige. After being let go from Uptown in 1993, Combs started his own label, Bad Boy Entertainment, in partnership with Arista Records.

Bad Boy Records

In 1991, Combs faced a significant setback in his career. He organized a celebrity basketball game to fundraise for AIDS, scheduled to take place in the City College of New York gym. Many renowned artists were expected to participate, but the event was massively oversold. Ticket holders were literally pounding on the gymnasium doors to enter, resulting in a stampede that tragically claimed the lives of nine individuals and left 29 others seriously injured. No criminal charges were pressed, but Diddy made an undisclosed payment to the victims’ families. Consequently, he was dismissed from Uptown Records.

In 1994, Diddy launched Bad Boy Records, shortly after welcoming rapper The Notorious B.I.G. from Uptown. Both The Notorious B.I.G. and Craig Mack released hit singles through Bad Boy, leading Combs to sign other artists, including Carl Thomas, Faith Evans, 112, Total, and Father MC. He also created an in-house production team called The Hitmen, collaborating with artists like Jodeci, Usher, Lil’ Kim, TLC, Mariah Carey, Boyz II Men, and Aretha Franklin. Throughout the mid-1990s, a highly publicized rivalry emerged between Bad Boy and Death Row Records on the West Coast, drawing criticism and parodies from rapper Tupac Shakur aimed at both Combs and The Notorious B.I.G.

Aside from his successful record executive and producer career, Combs has also built a profitable solo music career as a recording artist. Under the moniker Puff Daddy, he debuted as a rapper in 1997 with his first commercial work. His debut single, “Can’t Nobody Hold Me Down,” reached #1 on the “Billboard” Hot 100 chart, where it remained for 28 weeks. He followed this success with his debut studio album, “No Way Out,” released in July 1997. Initially titled “Hell Up in Harlem,” the album underwent several revisions after the untimely death of The Notorious B.I.G. in March of that year, ultimately achieving resounding success, garnering Combs five Grammy nominations in 1998 and winning the Grammy Award for Best Rap Album.

Album. Three additional albums have been released by him: “Forever” (1999), “The Saga Continues…” (2001), and “Press Play” (2006). In 2023, Diddy announced a forthcoming album and has already dropped two singles from it: “Gotta Move On” and “Sex in the Porsche.”

In 2001, Combs modified his stage name from “Puff Daddy” to “P. Diddy,” and then in 2005, he revealed yet another name change simply to “Diddy.” Richard Dearlove, an artist based in London who had been using the name “Diddy” since 1992, filed for an injunction against Combs in the High Court of Justice in London in November 2005. An out-of-court settlement was reached by Dearlove, which included £10,000 in damages and over £100,000 in costs, resulting in Combs being unable to use the name “Diddy” in the UK; thus, he continues to be recognized there as “P. Diddy.”

Diddy Earnings By Year
2007	$28 million
2008	$35 million
2009	$30 million
2010	$30 million
2011	$35 million
2012	$45 million
2013	$50 million
2014	$60 million
2015	$60 million
2016	$62 million
2017	$130 million
2018	$64 million
2019	$103 million
2020	$55 million
2021	$75 million
2022	$90 million
Total	$952 million

Other Projects and Ventures

Combs has also achieved success in acting alongside his music career. Notable film appearances include “Made” (2001), “A Raisin in the Sun” (2008), “Get Him to the Greek” (2010), “Draft Day” (2014), and “The Defiant Ones” (2017). He served as the executive producer for the MTV reality TV show “Making the Band,” which ran from 2002 to 2009, and had a brief reality television presence himself on the 2008 VH1 series “I Want to Work for Diddy.”

In the realm of business, Combs has found considerable success as well. His clothing line, Sean John, launched in 1998, received the CFDA award for…

In 2004, he received the title of Menswear Designer of the Year. Furthermore, he leads Combs Enterprises, which serves as the overarching company for his various business ventures. Beyond his clothing line, Combs played a significant role in developing the Ciroc vodka brand, receiving 50 percent of the profits. He holds a substantial equity stake in Revolt TV and, in collaboration with actor Mark Wahlberg and businessman Ronald Burkle, acquired a majority stake in beverage company Aquahydrate.

In 2019, Diddy made a significant investment in PlayVS, a company that offers infrastructure for competitive gaming in high schools across the United States.

Personal Life

Combs is a father to seven children. His first biological child was born in 1993 to designer Misa Hylton-Brim. From 1994 to 2007, he had an on-and-off relationship with Kimberly Porter, with whom he shares a son and twin daughters; he also adopted Porter’s son from a previous relationship. Tragically, Porter succumbed to pneumonia in November 2018. Additionally, Combs has a daughter with Sarah Chapman, for whom he assumed legal responsibility in October 2007. He had a long-term relationship with Cassie Ventura from 2007 until 2018, and his seventh child, a daughter, was born to Dana Tran in October 2022.

Combs has faced several legal issues. In December 1999, while at Club New York in Manhattan with then-girlfriend Jennifer Lopez, a shooting occurred. Following a police investigation into the incident, Combs and rapper Shyne were arrested for weapons violations. He was charged with four weapon-related offenses and with bribing his driver to take responsibility for his firearm, which resulted in a highly publicized trial. Moreover, in 2001, he was arrested in Florida for driving with a suspended license.

Rape Allegations & 2024 Arrest

In November 2023, Cassie, Diddy’s ex-longtime girlfriend, accused him of rape and of subjecting her to years of physical and emotional abuse. Among the numerous shocking claims, she stated that Diddy compelled her to perform various sexual acts with multiple male prostitutes while he recorded the events. Cassie alleged that after attempting to end their relationship in 2018, Diddy broke into her home and raped her. Diddy, through his lawyer, denied her allegations, asserting that she was merely attempting to exploit the situation for financial gain, citing that she had previously requested a $30 million payment to refrain from going public. Roughly 24 hours after the allegations surfaced, Diddy and Cassie reached a private settlement.

Unfortunately for Diddy, about a week following Cassie’s revelations, two more women accused the rapper of rape. One allegation was from a woman who claimed Diddy raped her in 1991 while she was a Syracuse University student, stating that the episode was recorded by Diddy and later shown to others. This alleged incident reportedly caused her “substantial and lifetime injuries.”

In light of the additional allegations, Diddy announced on November 28, 2023, that he would step down as Chairman of his cable network Revolt TV.

On September 16, 2024, Diddy was taken into custody in New York City by federal agents. He was indicted on several charges, including sex trafficking, racketeering, and transportation for the purpose of engaging in prostitution. On September 17, 2024, he pleaded not guilty to the charges.

Real Estate

Diddy purchased a home in East Hampton for $2.45 million in 1998, where he famously held his annual “White Party.” Occasionally, he rented out the residence for up to $200,000 each month, selling it in 2020 for $4.7 million. He acquired a three-bedroom apartment in New York City for $3.82 million in 2003 and sold it for $5.7 million in 2017.

In 2004, Diddy bought a 3.5-acre estate in Alpine, New Jersey, for $4 million. He attempted to sell the property for $9 million in 2007 but had no buyers and ultimately sold it in 2016 for $5.5 million.

In September 2014, he spent $39 million on a 17,000 square-foot mansion in the prestigious Holmby Hills neighborhood of LA. Real estate records indicate he secured $25.35 million in mortgages through two transactions, one in 2014 and the other in 2021, both with Bank of America. Constructed by developer Nile Niami, the Beverly Hills mansion includes a pool with an underwater tunnel leading to a grotto, eight bedrooms, 11 bathrooms, a 35-seat home theater, a steam room, a massage room, a salon, and a wine room. Located not far from the Playboy Mansion, Diddy listed this property for sale in September 2024 at $61.5 million.

In October 2003, he acquired a mansion near Atlanta for $2.6 million, which primarily remained unoccupied during his ownership. He sold it in 2007 for $1.3 million. In 2009, Diddy purchased a house for Kim Porter, the mother of several of his children, for $5.25 million; tragically, Kim passed away in 2018. He sold the Toluca Lake property in 2022 for $6.5 million.

In 2003, Diddy obtained Tommy Mottola’s mansion on Star Island in Miami, carrying a $14.5 million mortgage for the nine-bedroom waterfront property. Additionally, in August 2021, he spent $35 million on an adjacent property, previously owned by Gloria and Emilio Estefan. This estate spans 1.3 acres and features 240 feet of waterfront. Below is the mansion he acquired in 2021: