Sean ‘Diddy’ Combs is set to be convicted on October 3, after being acquitted of the more serious charges he was originally accused of, including racketeering and sex trafficking, which the jury dismissed due to lack of evidence. As the disgraced music mogul remains behind Brooklyn bars, his bail denied, waiting for Judge Arun Subramanian to expedite the process, here’s a look at how his wealth is holding up on the outside. Diddy, who once ruled the music game with his big, brash Bad Boy empire and launched several pop icons, still sits on a mountain of wealth, even as most of it now hangs in the balance pending the final ruling.
Diddy receives a standing ovation
Combs returned to the Metropolitan Detention Centre after the judge reminded his attorney, Marc Agnifilo, that he had “full-throatedly told the jury that there was violence here. And domestic violence is violence. And you said this is a case that did involve violence,” according to CNN. Later, a spokesperson told the outlet that the rapper received a standing ovation when he made his way back to jail following the criminal trial that week. Prosecutors, on the other hand, are still prepping for a stronger comeback, accusing Combs of running a criminal enterprise involving threats, violence, forced labour, bribery, and more. Though experts suggest the absence of others allegedly involved, and Combs being the only one on the defence bench, may have given the jury just enough room for doubt.
What’s going on with Combs’ business empire
Way before Diddy was arrested following a DHS raid on his Miami mansion, the rapper had already started pulling back from his biggest business ventures. He stepped down as CEO of Revolt TV, which he founded in 2012, and later lost his Hulu deal to renew his iconic fashion brand Sean John. After Cassie filed a lawsuit last year accusing him of sexual violence, one that was later withdrawn after an out-of-court settlement, a CNN video surfaced showing Combs assaulting her. That clip was enough for New York City to revoke his ceremonial key and for Peloton to pull his music. Before things went south, Combs’ Bad Boy Records was still very much in the game. In 2023, he dropped The Love Album: Off the Grid, his first solo project in two decades, and also released The Age of Pleasure, both bagging Grammy nominations. The label’s still running, even as the legal storm continues to drive the label into loss. His son, King Combs, and close friend Kanye West recently dropped a track called “Never Stop”.
Also read: Who is Sean ‘Diddy’ Combs, acquitted of sex trafficking and racketeering charges
Despite all the legal heat, Diddy’s still cashing in. His tracks continue to stream on platforms like Spotify, Apple Music, and Amazon Music. According to CNN, between April and May, right in the middle of his legal trial, his music actually saw a 20% spike in U.S. streaming, one of the biggest monthly jumps of the year, per Luminate.
And it doesn’t stop there. He’s still pulling in millions while sitting in court. As reported by The Sun, since his arrest on September 16, Diddy has made around $4.1 million. A big chunk of that comes from his private jet, a Gulfstream G550 registered to his company, LoveAir LLC. The jet, rented out through Siever Air, has reportedly been sued by clients at least 126 times as of May 20. But that hasn’t stopped it from flying. With luxury interiors and high-end service, customers have been paying around $32,597 for just a 1,186-mile trip.
