P Diddy Net Worth 2022 – Is Sean Combs A Billionaire?

With income from albums, music royalties, business, and investments, P Diddy has amassed a net worth of $900 million as of 2022.

Sean Combs is an American rapper, record producer, and entrepreneur better known by his stage name ‘Puff Daddy,’ sometimes known as P. Diddy, Diddy, or Puffy. P. Diddy, who carved out a niche for himself, went on to become one of the most popular musicians in the United States.

He founded ‘Bad Boy Records,’ a musical label that began the careers of several successful artists, after dropping out of ‘Howard University,’ where he was studying business. Following a series of great productions, he released his debut album, ‘No Way Out,’ which became a huge smash.

He achieved the pinnacle of his music career with the success of his debut album and went on to make more hit albums. ‘Forever,’ ‘The Saga Continues…,’ ‘Press Play,’ and ‘Last Train to Paris’ are some of his albums.

Combs, who has won two MTV Video Music Awards and three Grammys, is the producer of MTV’s Making the Band. In 2019, Forbes estimated his net worth to be $740 million. In 1998, he created his own clothing line. He was nominated for the Council of Fashion Designers of America’s (CFDA) Menswear Designer of the Year award in 2000, and he won the honor in 2004.

Today we’re going to discuss how much money P Diddy has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like P Diddy. So be sure to read to the end.

P Diddy Net Worth 2022: Is He A Billionaire?

P Diddy, also known as Puff Daddy, is a multi-millionaire who has a net worth of $900 million in 2022. P Diddy is best known for his record label Bad Boy Entertainment, as well as his own music and entrepreneurial endeavors.

As one of the richest and highest-paid celebrities, Diddy has been in the spotlight for decades. He earns $50 million to $100 million in a given year. Between 2000 and 2020, he earned well over $1 billion from his sprawling business empire, which included music royalties and investments in brands such as Cîroc vodka. He also owns a stake in a tequila company called DeLeon as well as an alkaline water brand called Aquahydrate.

In addition, the rapid rise of streaming and the popularity of old-school hip-hop allows P Diddy to continue to cash in on his Bad Boy back catalog.

Diddy’s holdings include cable network Revolt and clothing line Sean John (even though he sold much of his stake in the latter, he still retains a sizable stake). 

His fortune comes primarily from Ciroc vodka after his case volumes fell from all-time highs in recent years-making him the most likely candidate to join Jay-Z in the billion-dollar club.

To calculate the net worth of P Diddy, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: P Diddy
Net Worth: $900 Million
Monthly Salary: $5 Million
Annual Income: $100 Million
Source of Wealth: Albums, music royalties, movies, television shows, business ventures, investments

P Diddy Net Worth Last 5 Years

Net Worth 2022: $900 Million
Net Worth 2021: $850 Million
Net Worth 2020: $800 Million
Net Worth 2019: $740 Million
Net Worth 2018: $700 Million

P Diddy’s Business and Investments

A consummate entrepreneur, P Diddy branched into reality television as an executive producer starting in 2002 with MTV’s Making the Band, which most famously created the all-girl group Danity Kane. In August 2008 P Diddy continued working in the genre with the premiere of his VH1 series I Want to Work for Diddy and shortly after, P. Diddy’s Starmaker on MTV. 

In 2007 P Diddy forged a deal with the vodka brand Cîroc to help with its development for a 50 percent share of the profits. A year later, P Diddy acquired the hip-hop clothing line Enyce from Liz Claiborne for $20 million.

In 2013 Combs’ launched his own music-oriented cable network called REVOLT. It has a film production branch and began broadcasting in 2014.

In February 2015, Combs partnered with actor Mark Wahlberg and businessman Ronald Burkle of Yucaipa Companies to acquire a majority stake in Aquahydrate, a calorie-free beverage for athletes. The company’s CEO is John Cochran, former president of Fiji Water.

In December 2017, after the owner of the National Football League’s Carolina Panthers announced his intention to sell the team, Diddy tweeted that he was throwing his hat into the ring as a buyer, adding, “There are no majority African American NFL owners. Let’s make history.” He was joined by other prominent athletes interested in an ownership stake, including basketball star Stephen Curry and quarterback turned activist Colin Kaepernick.

P Diddy is the head of Combs Enterprises, an umbrella company for his portfolio of businesses. In addition to his clothing line, P Diddy owned two restaurants called Justin’s, named after his son. The original New York location closed in September 2007;  the Atlanta location closed in June 2012. He designed the alternate jersey for the Dallas Mavericks.

P Diddy invested in PlayVS in 2019, which provides a competitive gaming infrastructure for high schools in the US. Also backing the company was Twitch co-founder Kevin Lin.

How Much Money Does P Diddy Make From Albums, Songs, and Concerts? 

Combs has enjoyed a successful solo music career as a recording artist. In 1997, Combs recorded his first commercial work as a rapper under the name Puff Daddy. His debut single “Can’t Nobody Hold Me Down” reached the top of the Billboard Hot 100 chart and remained there for 28 weeks. 

Following this, he released “No Way Out” on July 22, 1997. He originally planned to call it “Hell Up in Harlem,” but he changed the title after The Notorious B.I.G. died in March of that year.  With 561,000 copies sold in its first week, No Way Out reached number one on the Billboard 200 in the United States. In 1998, Combs earned five Grammy nominations for the album and won the Grammy Award for Best Rap Album. Records Industry Association of America certified the album septuple platinum on September 7, 2000, for sales of over 7 million copies.

Since then, he has released three more albums: “Forever” (1999), “The Saga Continues…” (2001), and “Press Play” (2006).

In 2001, Combs changed his stage name from “Puff Daddy” to “P. Diddy,” and in 2005 he announced that his new stage name would be “Diddy.” In November 2005, Richard Dearlove, who had performed as “Diddy” since 1992, filed a lawsuit in the High Court of Justice in London seeking a cease-and-desist order against Combs. 

In the UK, Combs cannot use the name “Diddy” so he remains known as P. Diddy. Dearlove accepted an out-of-court settlement of £100,000 in damages and over £100,000 in costs.

Combs released We Invented the Remix in 2002, followed by Bad Boy’s 10th Anniversary…The Hits in 2004. 

Combs collaborated with Nelly and Murphy Lee in 2004 to produce “Shake Ya Tailfeather” as part of the Bad Boys II soundtrack, which earned the group the Grammy for Best Rap Performance by a Duo or Group.

Combs’ Bad Boy label began to fade, but it found new life with 2006’s Press Play, which featured Brandy, Mary J. Blige, and Timbaland. In 2010, Combs formed the group Diddy-Dirty Money, which found commercial success with their album Last Train to Paris. 

In July 2015, Bad Boy Entertainment artist Gizzle told the press that she is working with Combs on his last album, titled No Way Out 2, a sequel to his 1997 debut.

Combs announced in April 2016 that he would be retiring from the music industry after this last album and tour.

In celebration of Bad Boy Records’ 20th anniversary, Combs launched a tour of the label’s biggest names on May 20 and 21. Can’t Stop, Won’t Stop: A Bad Boy Story, which covers the two shows at the Barclays Center in Brooklyn and behind-the-scenes events, was released on June 23, 2017. Throughout the United States and Canada, the show toured at twenty additional venues.

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How Much Money Does P Diddy Make From Bad Boy Entertainment?

Combs founded Bad Boy Entertainment in 1993, working with a variety of rap, hip-hop, and R&B recording artists, including Mariah Carey, New Edition, Method Man, Babyface, TLC, Boyz II Men, Lil’ Kim, SWV, Aretha Franklin, Mary J. Blige, Faith Evans,, and Biggie Smalls. Combs was voted ASCAP’s “Songwriter of the Year” in 1996. By 1997, Bad Boy Entertainment had sold roughly $100 million in records and had signed a multimillion-dollar management deal with Arista Records.

Combs produced the tribute “I’ll Be Missing You” after his friend Biggie Smalls was slain in 1997, and it topped the Billboard singles list for eleven weeks, propelling Combs’ first album, No Way Out (1997), to platinum status. 

No Way Out was the third best-selling album in the United States in 1997, according to Nielsen SoundScan, with over 3.4 million copies sold. The single “I’ll Be Missing You” and the album No Way Out won Grammys for Best Rap Performance By a Duo or Group and Best Rap Album, respectively, the following year.

In 1999, Combs released his second album, Forever. Sean John, his recently created clothing line, debuted in America the same year.

How Much Money Does P Diddy Make From Ciroc vodka?

Diddy Combs signed a 50/50 multi-year deal in 2007 to market the Ciroc vodka brand that could earn him more than $100 million.

With the deal, Sean Combs and Sean Combs Enterprises will be in charge of all brand management decisions for Ciroc, as well as sharing in future profits of the brand. For Combs, this exclusive multiyear collaboration could be worth more than $100 million, with a 50/50 profit split.

“Sean Combs has a proven track record of developing high-end brands and we expect his alliance with Ciroc to follow suit,” said Debra Kelly-Ennis, Chief Marketing Officer, Diageo North America. “We are confident that Sean and his team are the right partners to further enhance the luxury profile of Ciroc.”

How Much Money Does P Diddy Make From His Clothing Line?

In 1998, P Diddy started a clothing line, Sean John. In 2003, California billionaire Ronald Burkle invested $100 million in the company.

Sean Combs added a fragrance to the Sean John brand in November 2008 called “I Am King.”. The fragrance, dedicated to Barack Obama, Muhammad Ali, and Martin Luther King Jr., featured model Bar Refaeli in its advertisements. Early in 2016, Sean John launched the brand’s GIRLS collection.

The Council of Fashion Designers of America (CFDA) nominated Sean John for excellence in design five consecutive years between 2000 and 2005. In 2004, the brand won the CFDA’s Men’s Designer of the Year Award.

Sean John wasn’t just winning awards, but raking in money as well.

The company generated more than $200 million in revenue within two years of its launch, and its products were sold by more than 1,200 retail stores in the United States alone. 

In 2016, Diddy sold 90% of the brand to a Hong Kong-based company called Global Brands Group (GBG). At the time, the label generated revenues of between $400 and $450 million per year. In addition, the majority of the brand’s revenue came from licensing the name “Sean John” at that time.

New owner GBG plans to make Sean John into a billion-dollar-a-year business with Diddy still holding 10% equity. International expansion was discussed with dozens of new product categories and hundreds of Sean John stores around the world. Unfortunately, that didn’t happen.

By 2018/2019, GBG’s finances were in a mess due to over-extension and poor business decisions. The company lost $388 million in 2019. By 2020, the company lost $584 million.

Diddy filed two lawsuits against GBG in February 2021. Two lawsuits were filed on his behalf. The first, which sought $25 million in damages, claimed “false endorsement, misappropriation of likeness, and violation of his publicity rights.” The second lawsuit was filed on behalf of his nonprofit organization, Citizen Change, over the use of the trademark “Vote or Die.”

In July 2014, GBG’s stock price peaked at $19 on the Hong Kong Stock Exchange. Its market cap at that time was north of $2.5 billion. The company’s stock was suspended from trading in July 2021 after it plunged to $0.189 per share. The company’s market capitalization was $25 million at that time.

A few weeks later, the company filed for bankruptcy and announced its intention to sell off its assets, with the Sean John label considered the crown jewel. 

In December 2021, it was revealed that Diddy beat out at least four other bidders who attempted to acquire the Sean John brand. Diddy’s final winning bid was $7.551 million.

Diddy released the following statement to celebrate the victory:

“I launched Sean John in 1998 with the goal of building a premium brand that shattered tradition and introduced hip-hop to high-fashion on a global scale. Seeing how streetwear has evolved to rewrite the rules of fashion and impact culture across categories, I’m ready to reclaim ownership of the brand, build a team of visionary designers and global partners to write the next chapter of Sean John’s legacy.”

How Much Money Does P Diddy Make From Movies and TVs?

P Diddy made some money from acting in films and television shows.

Beginning in 2001 Combs has taken on various acting roles (often playing himself) in films such as Made (2001), Monster’s Ball (2001), Carlito’s Way: Rise to Power (2005), Get Him to the Greek (2010), and Muppets Most Wanted (2014). On the small screen, he’s appeared on shows such as CSI: Miami, Hawaii Five-O and It’s Always Sunny in Philadelphia.

In 2004 he took on a new challenge in his acting career, playing Walter Lee Younger in Broadway’s revival of A Raisin in the Sun, as well as the TV adaptation in 2008, for which he received an NAACP Award for Outstanding Actor.

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How Much Money Does P Diddy Make A Year?

P Diddy is the second richest rapper in the world, after Jay-Z. He is frequently one of the highest-paid entertainers on earth, earning an average of $100 million per year.

How Much Are P Diddy’s Cars Worth?

Since P Diddy is rich, he owns some luxurious cars. Let’s take a look at his car collection.

P Diddy Car Collection Price (USD)
Rolls Royce Ghost $300,000
Maybach 57S $420,000
Jeep Wrangler $80,000
Ferrari 360 Modena Spider $160,000
Lamborghini Gallardo Spyder  $220,000

1. Rolls Royce Ghost

With a price tag of $300,000, the first car in Sean Combs’ collection is the most luxurious ride in the world. It has a 6.7-liter V-12 engine with 563 horsepower that can accelerate from 0-100kmph in just 4.6 seconds. The car boasts faultless ride quality and seems to have endless power at its disposal.

2. Maybach 57S 

The next item on the list is also a luxury sedan from Maybach. With a 6-liter 12-cylinder engine, the Maybach57S is capable of producing about 600Bhp and 1000Nm of torque at 2000 rpm. 275 kmph is the top speed of this ultra luxury sedan. A price of $420,000 will get you this beauty.

3. Jeep Wrangler Unlimited 2012

The rapper used to drive this 4X4 off-road SUV for his daily commute once upon a time. Recently, he gave it a facelift. Besides removing the doors and the roof, he added a set of his own custom Sean John rims. Furthermore, he added an audio set that literally bled from the ears. While driving a 3.6 liter V6 engine that certainly looks different must be fun. After the modification, the SUV cost him about $80,000.

4. Ferrari 360 Modena Spider

The car he used in his own single “I Need A Girl” was the same car he used in his single “I Need A Girl”. With a 3.6 liter V6 engine capable of 290kmph, this Ferrarri 360 Moderna Spider was a follow up of the F355 in convertible form. He has made many public appearances driving this blue Ferrari at one time. In 2002, the car was priced at $160,000.

5. Lamborghini Gallardo Spyder 

Lamborghini Gallardo Spyder 2008 is another supercar in his garage. At the time, Lamborghini’s best-selling model was the Gallardo, which cost around $220,000. This was rumored to have been his 16th birthday gift to Justin Bieber. The rapper also gave Justin a Range Rover.

What House Does P Diddy Own?

In 1998, Diddy paid $2.45 million for a home in East Hampton. This is the place where he held his famous White Party. This home was rented to him for up to $200,000 per month at times. The property was sold for $4.7 million in 2020.

Diddy bought an apartment in New York City for $3.82 million in 2003. The property was sold in 2017 for $5.7 million.

In 2004, Diddy bought 3.5 acres of land in Alpine, New Jersey, for $4 million. In 2007, he listed the home for $9 million but didn’t get any offers. In 2016, he finally sold it for $5.5 million.

Diddy paid $39 million for a 17,000-square-foot mansion in the exclusive Los Angeles neighborhood of Holmby Hills in September 2014. It was built on spec by developer Nile Niami. In Diddy’s Beverly Hills mansion, there is a pool with an underwater tunnel connecting to a grotto. There is also a 35-seat movie theater, steam room, massage room, beauty salon, and wine room. The house is close to the Playboy Mansion.

Diddy purchased Kim Porter’s home for $5.25 million in 2009, with whom he had several children. In 2018, Kim passed away. Diddy still owns the home.

Diddy paid $35 million in August 2021 for a Miami island house being sold by Gloria and Emilio Estefan. There are 1.3 acres of land and 240 feet of water frontage on the home. Diddy has owned the next-door property since 2003. 

What Awards Does P Diddy Receive?

In 1998, he received the ‘Grammy Award’ under the ‘Best Rap Album’ category for ‘No Way Out.’

In 1998, he received the ‘Grammy Award’ under the ‘Best Rap Performance By a Duo or Group’ category for his work in ‘I’ll Be Missing You.’

In 2004, he received the ‘Grammy Award’ under the ‘Best Rap Performance By a Duo or Group’ category for his work in ‘Shake Ya Tailfeather.’

P Diddy’s Philanthropy

In 1995, P Diddy founded ‘Daddy’s House Social Programs,’ an organization dedicated to helping youth through tutoring, annual summer camps, and other activities aimed at empowering them.

P Diddy’s Controversy

P Diddy and his then-girlfriend, actress and singer Jennifer Lopez, were accused of being engaged in a shooting at a New York City nightclub in December 1999, in which three people were injured. P Diddy was eventually charged with four counts of illegal gun possession and one count of bribery, according to prosecutors, who claim he paid his driver, Wardel Fenderson, $50,000 to pretend the loaded gun seized at the crime scene was Fenderson’s. In late January 2001, his trial began.

P Diddy and his bodyguard, Anthony “Wolf” Jones, were both exonerated of all charges on March 16, 2001. Jamal “Shyne” Barrow, Combs’ protégé who was accused of shooting wildly inside the nightclub and hurting three bystanders, was found guilty of assault, reckless endangerment, and criminal possession of a weapon, but was acquitted of the more serious allegation of attempted murder.

P Diddy’s Early Life and Education

P Diddy was born Sean John Combs on November 4, 1969, in Harlem, New York City, USA, to Janice Combs, a model and teacher’s assistant, and Melvin Earl Combs, an associate of a drug dealer.

In 1972, his father was shot dead. After the death of his father, he was raised by his mother in Mt. Vernon, New York.

In 1987, he graduated from ‘Mount Saint Michael Academy,’ an all-boys Roman Catholic high school. In high school, he regularly played football and even won a division title.

In 1989, he dropped out of ‘Howard University,’ where he was pursuing his major in business, and joined as an intern with New York’s ‘Uptown Records.’ He was eventually fired from there.

P Diddy’s Personal Life and Relationships

P Diddy is the father of five children. He is also the step-father of Quincy, who is the son of his former girlfriend Kimberly Porter.

His eldest son Justin was born from his relationship with designer Misa Hylton-Brim, whom he dated in high school.

His son Christian and twin daughters D’Lila and Jessie were born from his relationship with Kim Porter. His relationship with Porter ended in 2007. The same year, he took the legal responsibility for Chance, who was born from his relationship with Sarah Chapman.

FAQs About P Diddy

How did P Diddy get rich?

P Diddy’s net worth is estimated to be around $900 Million in 2022. According to his Forbes profile, the majority of his income comes from his partnership with Diageo to distribute CÎROC vodka. In addition, he also has a stake in DeLeón tequila.

How tall is P Diddy?

P Diddy is 5 ft 11 in (1.82 m) tall.

How old is P Diddy?

P Diddy was Nov 4, 1969. He is 52 years old as of June 2022.

Who is the wife of P Diddy?

P Diddy married Kimberly Porter from 1994 to 2007. Kimberly died in 2007, and he went on to marry Cassie Ventura (2007-2018).

What is the real name of P Diddy?

Sean Combs, in full Sean John Combs, bynames Sean “Puffy” Combs, Puff Daddy, P. Diddy, and Diddy.

P Diddy Quotes

I feel safe in white because deep down inside, I’m an angel.

Sean Combs

 

If you dream and you believe, you can do it.

Sean Combs

 

Bad Boy Entertainment did not shoot anybody. I didn’t shoot anybody.

Sean Combs

 

Music is the most powerful form of communication in the world. It brings us all together. Even religion separates us, but a hit record unites us across religious beliefs, race, politics.

Sean Combs

 

I don’t believe in fear – I live my life without regrets.

Sean Combs

 

I have had fans make me the big picture collages of the photo books; I have had fans send me birthday cakes… sing to me on my voicemail. I have had fans flash me. I have had older fans give me their bras and underwear onstage.

Sean Combs

 

I don’t say it in a cocky way, but I take pride in being one of the best at doing what I do.

Sean Combs

 

Fans made me. The fans gave me a chance, and they made me. Beyond that, my career has been trials and tribulations and ups and downs, so I have to have true fans riding with me.

Sean Combs

 

I can’t say that I’ve fully achieved my dream yet. I’m just starting to evolve.

Sean Combs

 

People from all walks of life and all over the world look at me and know my humble beginnings and know that everything I’ve done has been through hard work. People respect me as a marketer and brand builder.

Sean Combs

 

I want to have a cultural impact. I want to be an inspiration, to show people what can be done.

Sean Combs

 

I was proud of working 18 hours a day and sleeping three hours a night. It’s something now that has turned into a problem for me: not being able to sleep… having insomnia.

Sean Combs

 

Everyone has challenges and lessons to learn – we wouldn’t be who we are without them.

Sean Combs

 

It feels like I could go outside with a bikini thong on right now.

Sean Combs

 

I’m in the studio 24 hours a day. It’s true that once you get a certain level of success, you become a target. Talk magazine should be ashamed of themselves.

Sean Combs

 

At an early age, I started my own paper route. Once I saw how you could service people and do a good job and get paid for it, I just wanted to be the best I could be in whatever I did.

Sean Combs

 

I got a chance to have my dream come true, and I wanted to make sure I made the decision as to when I dropped my last album. If I don’t feel like this album is an incredible piece of work, then I’m cool with the albums I’ve done. I don’t have to put out another album.

Sean Combs

 

If you’re looking for a deep album or you’re looking for me to talk about past situations, it’s not even about that. It’s just 14 hot records that are gonna make you dance.

Sean Combs

 

My mother’s no dummy. She taught the lesson about sacrificing for your kids, but also that if your kids hit it big, they better make it up to you for those years. She’s gotten her sacrifices back with interest.

Sean Combs

 

It just gets draining on a person being in the papers every day. So I was like, I’m gonna come back here. I want to talk to all the people, the fans. I want to let them know how much I appreciate all their support.

Sean Combs

 

I’ve got to take a break, to be honest. I’m not even going to lie.

Sean Combs

 

I come from a world of hip-hop, but I love all types of music, and that’s what Revolt will reflect. It will be home to electronic dance music, pop, hip-hop.

Sean Combs

 

I’m against all war.

Sean Combs

 

You can’t start changing things in your past. Everyone has challenges and lessons to learn – we wouldn’t be who we are without them. I certainly wouldn’t be who I am.

Sean Combs

 

I am a marathon runner. I ran the New York City marathon and almost died. I tried to run, like, a two-minute mile early on in the race. I was crazy enough to think I could win. After seven miles I thought I would die, but I slowed down my pace and kept going.

Sean Combs

 

When I decided I wanted to be an actor, I said I wanted to work with quality actors and directors.

Sean Combs

View our larger collection of the best P Diddy quotes.

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How To Become Rich Like P Diddy?

P Diddy did not become rich by luck. To become as rich as P Diddy, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as P Diddy one day.

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