P Diddy is now contracted to Epic Records, and as of July 2022, it is anticipated that he would have a net worth of almost $900 million. P Diddy, also known as Sean John Combs, is a New York City-born American rapper, singer, and actor. Before starting his own company, Bad Boy Entertainment, he first became well-known while serving as a talent director at Uptown Records.
On November 4, 1969, in Harlem, New York, Sean Combs was born. His mother Janice worked as a part-time model and as a teacher’s assistant. When Combs was just 2 years old, his military-trained father Melvin was fatally murdered in Central Park.
Combs received his diploma from Mount Saint Michael Academy, a catholic school, in 1987. He attended Howard University as a business major, but he dropped out before the start of his second year.
Career in Music
The Notorious B.I.G., also known as Biggie Smalls, was a young artist who Combs brought with him when he departed Uptown.
Bad Boy delivered smash songs from The Notorious B.I.G. and Craig Mack, and Combs swiftly signed more artists including Carl Thomas, Faith Evans, 112, Total, and Father MC.
Additionally, he established an internal production group called The Hitmen, which collaborated with musicians including Jodeci, Usher, Lil’ Kim, TLC, Mariah Carey, Boyz II Men, and Aretha Franklin.
On the West Coast in the middle of the 1990s, a highly publicized rivalry developed between Death Row Records and Bad Boy. Rapper Tupac Shakur specifically insulted and mocked Combs and The Notorious B.I.G.
Other Initiatives and Projects
Combs has had a successful acting career in addition to his singing career. He has acted in movies including “Draft Day” (2014) and “The Defiant Ones” as well as “Made” (2001), “A Raisin in the Sun” (2008), “Get Him to the Greek” (2010), and “Made” (2017). In addition to serving as executive producer of the MTV reality series “Making the Band” from 2002 to 2009, he also had a brief run on VH1’s “I Want to Work for Diddy” in 2008.
Diddy spent $2.45 million on an East Hampton residence in 1998. He would host his infamous White Party here. He occasionally charged as much as $200,000 per month to rent this house. 2020 saw him sell this house for $4.7 million.
Diddy spent $4 million on a 3.5-acre estate in Alpine, New Jersey, in 2004. He put this house on the market in 2007 for $9 million, but no one bought it. In 2016, he ultimately sold this home for $5.5 million.
Diddy purchased a 17,000-square-foot property in the exclusive LA area of Holmby Hills for $39 million in September 2014. Nile Niami, a developer, built the house just for him. In the pool in Diddy’s Beverly Hills estate, there is an underwater tunnel that leads to a grotto.
A 35-seat movie theatre, a steam room, a massage room, a beauty salon, and a wine room are all included. The Playboy Mansion is not far from the residence.
The father of six children is Combs. Misa Hylton-Brim, a fashion designer, gave birth to his first biological child in 1993. From 1994 through 2007, he had an intermittent relationship with Kimberly Porter.
They had twin girls and a boy together, and Combs also took in Porter’s child from a prior relationship. In November 2018, pneumonia claimed Porter’s life. Additionally, Combs and Sarah Chapman share a daughter, for whom he assumed parental custody in October 2007.
He purchased a house in Alpine, New Jersey, for $7 million. Combs has encountered the law on several occasions. When Jennifer Lopez and I were out at Manhattan’s Club New York in December 1999, a shooting broke out.
Following a police investigation for firearms offenses, Combs and fellow rapper Shyne were taken into custody. Following a highly publicized trial, Combs was finally charged with four weapons-related offenses and receiving a bribe from his driver to claim possession of a pistol. In Florida in 2001, he was also detained for operating a vehicle with a suspended license.
Investments & Assets of Sean Combs
Sean Combs is the owner of more than 15 pieces of real estate, 10 automobiles, 4 luxury yachts, and 1 private jet. All of these assets are valued at more than $100 million in total. Additionally, there is approximately $100 million in bank cash and deposits in Sean Combs’s portfolio of assets.
Sean Combs has spent a total of $120 million on his 18 stock holdings, which make up a sizable portion of his wealth. The following is a list of some of Sean Combs’ stock holdings.
Loans and Liabilities for Sean Combs
Sean Combs’s obligations must be subtracted from his assets in order to determine his true net worth. Sean Combs has borrowed more than $30 million in loans and mortgages from prestigious US institutions in order to expand his business empire.
Balance of Cash at Sean Combs
Sean Combs maintains primary accounts with Bank of America and Citibank. Sean Combs deposits all of his company and royalties money into this account. Sean Combs has almost $75 million in cash on hand at the end of the most recent fiscal year.
This money, which includes some foreign currency, was acquired from the selling of music outside of the United States.
Luxury Yachts and Private Jets of Sean Combs
Sean Combs bought a brand-new private airplane for himself last year that cost him almost $40 million. The cabin of this jet has been completely redesigned by Sean Combs for an extra $3 million, following his taste and preferences.
Sean Combs also owns a variety of high-end vehicles and four luxury ships. Sean Combs has a few yachts, some of which have a home theatre and a plunge pool.
Royalties From Sean Combs’ Music
Sean Combs, who earns more than $100 million annually, is one of the highest-paid musicians of all time, according to Forbes. These earnings come from a variety of music streaming services, including Spotify, Apple Music, Amazon Music, YouTube, etc.
How Much Money is Diddy Worth?
A.K.A. Puff Daddy, P. Diddy is an American rapper, musician, record producer, businessman, and fashion designer. Diddy’s net worth is $900 million as of this writing. He is well known for his record company, Bad Boy Entertainment, as well as his own independent musical and business endeavors.