What is Diddy's net worth? Singer is second-richest mogul in the hip-hop world, just behind Jay Z
Update: As of 2023, Sean Diddy Combs has an incredible net worth that is nearing a whopping $1 billion, making him the second wealthiest in hip-hop, behind Jay Z. His various sources of income are from album sales, music tours, merchandise, sync licensing and collaborations among others.
That being said Puff Diddy on November 16, 2023, was sued by his ex-girlfriend and singer Cassie, also known as Cassandra Ventura, who alleged he had raped and sexually trafficked her over the course of 10 years.
The lawsuit details abuse he allegedly inflicted on her after meeting her in 2005 when she was 19 years old. However, Combs has denied the allegations, and an attorney for the rapper said Cassie attempted to blackmail him for $30 million.
"Mr. Combs vehemently denies these offensive and outrageous allegations," Combs' lawyer, Ben Brafman shared with CBS News.
"For the past 6 months, Mr. Combs has been subjected to Ms. Ventura's persistent demand of $30 million, under the threat of writing a damaging book about their relationship, which was unequivocally rejected as blatant blackmail."
-----------------------
Diddy pulled out all the stops for his mother, Janice Combs, who just turned 80 on December 22, 2020. Not only did he host a lavish party to mark the milestone birthday but also gifted her a $1 million check and a new Bentley.
When the super-rich music mogul gave his mother the check surrounded by a crowd of well-wishers, Janice was already overwhelmed. A partygoer shared a video on his Instagram stories that revealed Janice’s shocked reaction after opening a blue box to find the million-dollar check.
Diddy gifts mom a $1 million cheque and a Bentley
Another post on Twitter saying, "Diddy gifted his mom a $1 million cheque and a #Bentley for her birthday" also posted a video that zoomed in on the check's amount and captured both Janice's shock and Diddy's cheeky grin at having surprised her.
#Diddy gifted his mom a $1 million cheque and a #Bentley for her birthday 🏆#GotThatHipHop pic.twitter.com/O6i0Fg1gJX
— OfficialGTHH (@OfficialGTHH) December 22, 2020
But the rapper was far from done. He walked her out to the driveway where there was a brand new Bentley waiting for her with an elaborate red bow. Janice Combs happens to share her birthday with P Diddy's twin daughters, D'Lila and Jessie, who turned 14 -- making the event even more special.
'Happy 80th birthday Mama Combs'
Diddy has posted a picture of his "Mama Combs" on his Instagram with a caption that showed how much he cared for her. "I only exist because of this beautiful, hardworking, loving, hilarious, a**-whooping, always telling me the truth, genuine, smart, fly absolutely amazing Black Goddess Queen!! Happy 80th Birthday to the best mother in the world! Love you forever and ever! ❤️... and this is actually her at 80 ... no filter ... no edit 🖤!!! HAPPY BIRTHDAY #MAMACOMBS"
Diddy has always emphasized how much his mother means to him. His love is inspired by the fact that his mother has always been by his side, even at his most difficult moments, including when he was on trial when he was younger. Diddy has the stacks to prove his love too.
The million-dollar check is just a fraction of his enormous wealth that stood between an estimated $820 million to $885 million in 2020. He is just a step away from becoming a bonafide billionaire.
Sean Diddy Combs's source of income
One of the recent sources of his income has been his lucrative deal with Diageo's Ciroc. When Diddy became the Ciroc Vodka brand ambassador in 2007, the company’s sales increased to 2 million cases a year, making them the second-largest high-end vodka in the United States. He then brokered a deal with the company to make all brand-related decisions and take his cut from future profits and growth.
The deal meant Sean "Diddy" Combs walked away with an estimated $100 million from the table. Since then, earnings from the Ciroc brand have only been increasing and might push him into the billionaire league. He also has huge stakes in the TV network Revolt, alkaline water brand Aquahydrate, and tequila brand DeLeon.
He was listed as one of the 'Richest In Hip-Hop' in the Forbes 2020 list with $55 million in earnings this year. Explaining his talent for making money, Diddy revealed: "I started my business career at age 12, delivering newspapers. Since then, I’ve always understood that if I give the customers my best and service them differently, whether music, clothing or vodka, I’ll get a return on my hard work."