Born Sean John Combs, P Diddy or Diddy is a rapper, music producer, actor, designer and entrepreneur. His net worth is $760 million, according to Forbes, which makes him the richest rapper in the world.
P Diddy Net Worth: Income From Show Business
Well, Diddy cannot attribute a large part of his wealth to music. Here is why;
– Bad Boy Label
While working as a talent director at Uptown Records, Diddy founded his recording studio, Bad Boy Entertainment, in 1993. He produced music for Carl Thomas, Faith Evans, Craig Mack, Father M.C., Boys II Men, Mariah Carey, Aretha Franklin, and Usher. He produced some notable songs for TLC’s album “CrazySexyCool”.
– Own Music
Diddy released his debut single, “Can’t Nobody Hold me Down” in 1997 which was succeeded by his debut album “No Way Out”. The single stayed at #1 for a month and a half on the Billboard 100 while the album become number one during the first week on sale and was later certified platinum 7 times. The album received 5 Grammy nominations and winning one for “Best Rap Album” in 1998. His second album, “Forever” (1999) peaked at #2 on the charts and churned three successful singles.
Diddy has released at least 5 more albums that have been pretty successful. They are: “The Saga Continues” (2001), “Press Play” (2006), “Last Train to Paris” (2010), “MMM – Money Making Machine” (2015) and “No Way Out 2” (2016) He has won 3 Grammy Awards and 2 MTV Music Awards.
Diddy has acted in various films and stage productions as well. Some of them include: ‘Monster’s Ball, Carlito’s Way: Rise to Power’, ‘CSI: Miami’, ‘It’s Always Sunny in Philadelphia’, ‘Made’, ‘Get Him to the Greek’, and ‘A Raisin in the Sun’.
He received awards for ‘Best Documentary Feature’ for ‘Undefeated’ during the 2012 Oscar Awards. He was also the executive producer. He also received an NAACP Image Award for outstanding actor in a mini-series for “A Raisin in the Sun” (2009).
P Diddy Net Worth: Income From Business Ventures
Most of Diddy’s $735 million net worth comes from his ventures beyond the world of entertainment. Diddy previously earned from his two restaurants which closed in 2007 and 2012 respectively.
Diddy in 1998 launched a clothing line, Sean John. Today, Diddy makes over $150 million from it annually. The company in October 2008 bought streetwear lifestyle brand Enyce from Liz Clairborne for $20 million.
Beverages and Branded Water
Diddy also makes some money from Aquahydrate water brand, and DeLeon tequila. He has a lucrative partnership with Diageo, where he markets Ciroc Vodka. In the Ciroc deal signed in 2007, Diddy is entitled to 50% of the brand’s profits. Today, he earns money in tunes of 8 figures annually from Ciroc.
Diddy has also invested in television. In 2014, he acquired an equity stake in the TV network which includes a film production arm. Revolt TV airs in over 25 million households. It’s other owner is Comcast which gives it a reliable distribution channel. The growth of this investment could land Diddy a spot in the billionaire’s club.
Diddy has revealed plans to open a Business School.
P Diddy Net Worth: The Foundation
Diddy was born on November 4, 1969 in a public housing project in Harlem and raised in Mount Vernon, New York. Diddy’s nick “Puff Daddy” was given to him as a child because he anytime he was hungry, he would puff mad huff. He attended the Roman Catholic Mount Saint Michael Academy where he was part of the football team. Diddy graduated in 1987.
Diddy attended college at Howard University where he studied business major and became a party promoter. However, he dropped out two years later to become an intern at Uptown Records. However, Diddy was fired from the label after a promotion for an event turned south leading to stampedes that claimed 9 lives. On the brighter side, it was his loss of job that lead him to found his own label Bad Boy Entertainment which became the foundation for his current wealth.
Diddy has made notable donations for charitable causes. His Daddy’s House Social Programs founded in 1995 helps to tutor and provide life-skills to inner city youths. Diddy was among the celebrities that contributed to victims of the 2005 Hurricane Katrina where he donated $1 million as well as his Sean John clothes. In summary, Diddy has supported 12 charities and foundations, and 13 causes.