Sean “Diddy” Combs was acquitted on July 2 of racketeering and sex trafficking charges but found guilty on two lesser counts of transporting former girlfriends for prostitution.
The Verdict’s In
The split verdict is largely viewed as a win for Combs, who avoided convictions on the most serious charges. His defense team rested last week without calling a single witness.
The judge has not yet ruled on whether Combs will be released while awaiting sentencing. His attorneys have requested that he be freed today on a $1 million secured bond, under the conditions that he surrender his passport and restrict his travel to parts of California, Florida, New York, and New Jersey.
Combs once sat comfortably near billionaire status, with a sprawling empire spanning music, fashion, real estate, and spirits. But after a barrage of legal scandals, criminal convictions, and collapsing business deals, the Bad Boy mogul’s wealth has taken a sharp hit — and it could keep shrinking.
At his financial peak in 2019, Forbes estimated Combs’ net worth at $740 million and was nearing billionaire status. His new worth was fueled by lucrative partnerships like his deal with Cîroc vodka, his Sean John clothing line, Bad Boy Records, his media company Revolt, and stakes in tech ventures. But by 2024, after multiple civil lawsuits, damaging headlines, and federal raids on his properties, that estimate had fallen to around $400 million.
Hefty legal bills, and potentially devastating civil lawsuits made a major dent in his wealth. He settled a lawsuit with ex-girlfriend Cassie Ventura for $20 million one day after she filed in and prior to the trial.
His wealth has been further chipped away by the severing of major business ties. Diageo, the spirits giant behind Cîroc and DeLeón tequila, cut ties with Combs and reportedly paid him $200 million to exit the partnership in early 2025. After taxes, that payout became one of the last significant cash infusions to his shrinking empire.
His most valuable assets include: A Miami Beach mansion appraised at $48.5 million; a Los Angeles estate listed for $61.5 million, though unsold; a $21 million Kerry James Marshall painting; and a $20 million private jet, now potentially subject to government seizure.
Combs has already surrendered his stake in Revolt, the media company he co-founded.
