Sean Diddy Combss Empire: Winnowed, but Still Weighty

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.“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....