What Is Diddy’s Net Worth and How Does He Make His Money?

by Jeremy Spirogis
Sean

Hip hop wouldn’t be what it’s today with out the abilities of Sean “Diddy” Combs. The music and vogue mogul is a real instance of being “self-made,” and he hasn’t stopped but. With all of Diddy’s abilities, what’s his web value in 2020?

Diddy’s first job wasn’t music-related

Sean 'Diddy' Combs
Sean Combs attends the Million Dollar Bowl at The Dome Miami | Prince Williams/Wireimage

Born Sean John Combs in Harlem, New York, Diddy’s first job got here on the age of 12, delivering newspapers. In a profile for Forbes’ 100 Greatest Business Minds, Diddy defined what the job entailed.

“I had a lot of elderly customers, so I would always put the newspaper in between the screen door and the door — that caring made me different, made me better than the last paperboy,” he mentioned.

Diddy mentioned that although the job didn’t pay the very best, it taught him invaluable classes.

“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.”

After that job, Diddy attended Howard with a significant in business however didn’t make it previous his sophomore 12 months. He had greater plans for his life. After an internship with Uptown Records, then a gig as a expertise director, he cut up off to create Bad Boy Records in 1993, signing The Notorious B.I.G. (aka Biggie Smalls).

“It was a gamble,” he beforehand advised The Los Angeles Times. “But whatever I do, I want it to be groundbreaking. I think of everything I do as history in the making.”

Diddy is liable for artists like Machine Gun Kelly, User, 112, and extra. Some data beneath the label went platinum, together with his personal. In 1997, Diddy’s single “Can’t Nobody Hold Me Down” hit primary on the Billboard Hot 100 chart, the place it remained for 28 weeks.

The ‘Sean John’ vogue line led to greater alternatives

Aside from producing, Diddy’s taken appearing roles in Get Him to the Greek and Monster’s Ball. According to IMDb, he’s liable for MTV’s Making the Band, which led to the creation of the woman group, Danity Kane, and he’s participated as a choose in a number of competitors reveals equivalent to Lip Sync Battle and extra.

Years later, Diddy ventured into the world of vogue along with his Sean John clothes line. Global Brand Groups purchased a reported $70 million stake within the firm in 2016, based on CNBC. He nonetheless owns 20 p.c of the corporate.

“When we started Sean John, it was my dream to build it into an aspirational brand for the young consumer,” he mentioned, per CNBC.

Other business alternatives Diddy’s taken a part of by the years embrace the vodka, Cîroc, which is claimed to be the largest contributor to his spectacular web value.

“We’re selling 2 million cases a year,” Diddy advised The Washington Post. “We’re the second-largest ultra-premium brand in the country, second only to Grey Goose. It’s been a dream story, what we’ve been able to do. It’s never really been done before, in terms of how quickly it’s grown.”

What is Diddy’s web value?

There was a time when Diddy’s boss strikes out-earned different rappers. However, Jay-Z pushed him out of the highest spot, based on a 2018 profile through Forbes. In 2020, Diddy’s web value is an estimated $855 million to $885 million, based on a number of retailers.

Aside from his money-making ventures, Diddy’s extra investments embrace the Capital Preparatory Harlem Charter School which “provides youth with lessons leadership and success.”

He’s slated to outrank Jay-Z, changing into the primary hip-hop billionaire.

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