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    Sean ‘Diddy’ Combs’s Empire: Winnowed, but Still Weighty

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    The music mogul’s business portfolio has shrunk, in part because of multiple sex abuse allegations, but his wealth remains a critical factor as his criminal case unfolds.In arguing to keep Sean Combs in jail until his trial on federal racketeering and sex trafficking charges, prosecutors have portrayed him as a lavishly wealthy, well-connected music mogul who would be well positioned to flee. In court papers, prosecutors cited media reporting that estimated his wealth at close to a billion dollars.But as Mr. Combs’s reputation has unraveled amid a wave of high-profile lawsuits and criminal charges, so has his business portfolio. Once a major brand ambassador and chairman of a media platform, he has been forced to withdraw from those roles. In June, several months before Mr. Combs was indicted, Forbes estimated his net worth at $400 million, down from $740 million in 2019.Mr. Combs’s fortune has been at the forefront of his public persona since the 1990s, when the success of his hip-hop and R&B label, Bad Boy Entertainment, meant he was known as much for his high-flying, champagne-popping lifestyle as the music he produced.One year ago, Mr. Combs, who is known as Diddy, was at the helm of an ever-growing portfolio: He was a record label founder, a liquor promoter, a cable TV and digital media chairman, a philanthropist and a fashion executive with a label called Sean John.Mr. Combs has gained prominence as a record label executive, a liquor promoter and the founder of a cable TV and digital media platform.From left: Theo Wargo/WireImage, via Getty Images; Stan Honda/Agence France-Presse — Getty Images; Dimitrios Kambouris/Getty Images for Revolt TV“He was a larger-than-life marketer,” said Dessie Brown Jr., an entertainment consultant who long viewed Mr. Combs as a model for building a career. “He always talked about being like a ringleader in a circus.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Howard University Votes to Revoke Sean Combs’s Honorary Degree

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      In a unanimous decision, the university’s board of trustees also moved to disband a scholarship in Mr. Combs’s name amid investigations into abuse allegations.Howard University announced on Friday that it would revoke an honorary degree that was awarded to the hip-hop mogul Sean “Diddy” Combs in 2014. The decision comes in the wake of Mr. Combs’s admission that he physically abused a former girlfriend, in addition to a slew of other allegations of abuse that have surfaced in recent months.At the conclusion of a meeting of the Howard University board of trustees, the body voted unanimously “to accept the return by Mr. Sean Combs of the honorary degree,” according to a statement released by the university. Howard also said that it would revoke all honors and privileges associated with the degree.Mr. Combs, 54, also known as “Puff” and “Diddy,” attended the university from 1987 to 1989 but left before graduating. In 2016, he pledged $1 million to establish the Sean Combs Scholarship Fund, which went to students in need of financial aid.Video footage surfaced last month of Mr. Combs striking, kicking and dragging his former girlfriend, Casandra Ventura, known professionally as Cassie, in 2016.“Mr. Combs’s behavior as captured in a recently released video is so fundamentally incompatible with Howard University’s core values and beliefs that he is deemed no longer worthy to hold the institution’s highest honor,” the statement said.Howard University did not immediately respond to additional requests for comment.In November 2023, Ms. Ventura filed a lawsuit accusing Mr. Combs of rape and physical abuse; they reached a settlement the next day. Then, in May, CNN published surveillance footage it had acquired from a Los Angeles hotel that showed Mr. Combs attacking Ms. Ventura near the building’s elevators.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Sean Combs Sells Stake in Revolt, the Media Company He Founded

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      After a wave of lawsuits accusing Mr. Combs of sexual assault, the two are “completely separated and dissociated from each other,” the company’s chief executive said.Sean Combs, the hip-hop mogul who has been facing mounting legal scrutiny over allegations of sexual and physical abuse, has sold his majority stake in Revolt, the media company that he founded, the organization announced Tuesday.The largest shareholder group at Revolt, a private company, is now made up of employees, its chief executive, Detavio Samuels, said in an interview ahead of the announcement.Now known best for popular video podcasts such as “Drink Champs,” “The Jason Lee Show” and “Caresha Please,” Revolt was started by Mr. Combs more than a decade ago as a music industry-focused cable channel meant to boost Black representation on television.In January, after a wave of lawsuits were filed against Mr. Combs, he agreed to start the process of separation from Revolt, Mr. Samuels said.Mr. Combs’s business empire has shrunk significantly since November, when Casandra Ventura — his former girlfriend, who performs music as Cassie — filed a lawsuit accusing him of years of physical and sexual abuse. The suit was settled in a day, but five more followed from women who accused Mr. Combs of sexual assault.Mr. Combs, 54, who is also known as Puff and Diddy, said last year that the lawsuits contained “sickening allegations” from “individuals looking for a quick payday.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Sean Combs’ Cassie Lawsuit Settlement Was Only the Beginning of His Troubles

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      The hip-hop mogul denied sexual assault accusations in a bombshell suit in November. As more allegations piled up, his business empire, and reputation, faltered.It took just one day for Sean Combs to settle a bombshell lawsuit in November that accused him of rape and physical abuse. For a moment, it may have seemed that the hip-hop mogul’s lawyers had managed to quickly contain the reputational damage he faced.But it turns out that Mr. Combs’s problems were only beginning.For years, accusations of violence trailed Mr. Combs, who since the 1990s has been known as Puff Daddy and Diddy. The accusations had little impact, however, on his public persona as a raffish celebrity who was a fixture in gossip columns, a personal brand crystallized by the name of his music label: Bad Boy. But the suit in November, filed by his former girlfriend Casandra Ventura — who makes music as the singer Cassie — seemed to open the floodgates.A string of other lawsuits followed, accusing him of various forms of sexual assault and misconduct. Mr. Combs, 54, has vehemently denied all the allegations, but the graphic and detailed complaint by Ms. Ventura — and the headlines that followed — changed that narrative to a degree that now imperils Mr. Combs’s business empire and has made him a pariah in the music industry. And a raid by federal authorities at two of his homes on Monday suggested that authorities are considering possible criminal charges.Police officers blocked off the road during a raid of a home in Los Angeles tied to Mr. Combs on Monday.Jenna Schoenefeld for The New York TimesAs the allegations against Mr. Combs have accumulated, his lucrative business dealings — which, besides music, have included fashion, two liquor brands, a cable television channel and an e-commerce platform — have been threatened. And the employee ranks at Combs Global, his company, are now a fraction of what they were less than a year ago.A deal with the spirits giant Diageo was the source of much of Combs Global’s income and Mr. Combs’s wealth. But even before the recent accusations, there were signs that the collaboration was fraying. Mr. Combs sued Diageo last May, accusing the company of racism and failing to support a tequila brand they were partners in — allegations that Diageo denied in court papers. The suit was settled in January, after multiple sexual assault suits had been filed, with Diageo saying it had severed all ties with him.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More