Diddy verdict in — you won't believe his net worth or how he's paying those massive legal bills
Sean "Diddy" Combs's Legal Battle Ends
Since Combs, also famously known as Diddy, Puff Daddy, or simply Love, the legal battle started, his fortune has taken a considerable hit, according to the Merca2.0 report.
The Trial That Shook Diddy's Fortune
As per the report, Diddy's fortune this year is estimated to be about $400 million, which is a sharp fall from his financial peak a few years ago. During the start of his trial in 2024, his net worth was estimated to be about $600 million, according to the Merca2.0 report.
However, his financial condition was different just five years back, in 2020, Diddy's net worth was reported to be estimated around $900 million, as per the report. His massive fortune came from his lucrative ventures in music and fashion and also his high-profile partnership with beverage giant Diageo, particularly promoting the Cîroc vodka brand, according to the report by Merca2.0.
ALSO READ:
Zuckerberg's $100 million lure: Why top Chinese and Indian AI minds are joining his Superintelligence Project
Live Events
But since the last few years, the American rapper has had a tough time with legal battles, civil lawsuits, and the severing of major business partnerships, which have significantly impacted his wealth, as per the report. One of his major fallouts was with Diageo, which resulted in a substantial loss of income and influence, after the trial started, as per the report by Merca2.0.
Even after these personal setbacks, Diddy remains one of the wealthiest figures in the hip-hop industry, though he has never officially been a billionaire yet, contrary to popular rumors and speculations, according to the report.
What Diddy Was Accused Of
His downfall started after Diddy faced five serious federal charges, including some of the most severe crimes under US law, which include:
Racketeering Conspiracy (Criminal Organization Leadership)
Sex Trafficking (Multiple Counts)
Transportation for Prostitution (Multiple Counts)
According to the Merca2.0 report, prosecutors had accused him of leading a criminal enterprise, which involved sex trafficking, drug distribution, witness tampering, and even arson. While, his alleged involvement in 'freak-offs,' where women were reportedly forced into sex acts, was the most important aspect of the case, as per the report.
ALSO READ:
Kamala Harris is back, urges Americans to call their representatives and block Trump's Big, Beautiful Bill
The Jury's Final Word
On July 2, after almost 13 hours of deliberation, the federal jury in New York reached a split decision on his case, according to the Merca2.0 report.
Merca2.0 listed his verdict as follows:
Not Guilty of Racketeering Conspiracy — the most serious charge that could have resulted in life imprisonment.
Not Guilty of Sex Trafficking of Cassie Ventura — his former partner and star witness.
Not Guilty of Sex Trafficking of a woman identified as 'Jane.'
Guilty of Transportation for Prostitution of Cassie Ventura and other women.
Guilty of Transportation for Prostitution of 'Jane' and other women.
According to the report, the Mann Act transportation charges, which make it illegal to transport individuals across state lines for prostitution, were the only counts on which Combs was found guilty on Wednesday. While, these charges are considered the lesser of the accusations, but they still carry heavy penalties, as reported by Merca2.0.
ALSO READ:
Is US private sector crumbling? ADP says June sees first job losses in over a year
FAQs
How much money has Sean "Diddy" Combs lost because of the trial?
According to the Merca2.0 report, his net worth fell by about $500 million in five years, from $900 million in 2020 to $400 million in 2025.
What was Diddy found guilty of?
He was found guilty of transporting women across state lines for prostitution, which is a federal crime under the Mann Act, as per the Merca2.0 report.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
3 minutes ago
- Mint
Sensex, Nifty 50 snap 2-day losing run led by banking heavyweights— 10 key highlights from Indian stock market today
Strong gains in banking heavyweights like HDFC Bank and ICICI Bank helped the Indian market benchmarks — the Sensex and Nifty 50 — rebound on Monday, July 21, ending a two-day losing streak amid mixed global cues. The Sensex rose 443 points, or 0.54 per cent, to close at 82,200.34, while the Nifty 50 ended 122 points, or 0.49 per cent, higher at 25,090.70. The BSE Midcap index rose 0.55 per cent, in sync with the benchmark index. However, the BSE Smallcap index ended flat. The overall market capitalisation of BSE-listed firms rose to ₹ 460 lakh crore from ₹ 458.4 lakh crore in the previous session, making investors richer by nearly ₹ 2 lakh crore in a single session. Market benchmarks ended with decent gains, led by gains in banking heavyweights HDFC Bank and ICICI Bank after their Q1 results came better than expected. Shares of Eternal also contributed significantly to the benchmarks' rally ahead of the company's Q1 results. However, a fall of over 3 per cent in Reliance shares capped the gains for the benchmarks. TCS, ITC, and HUL were other significant drags. Global cues were largely mixed, as Trump tariffs remain a key concern for markets globally. "Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation. The manufacturing segment gained today as the government is reviewing the scope of expanding the infrastructure spending to support growth," Vinod Nair, Head of Research, Geojit Investments Limited, observed. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
3 minutes ago
- Mint
Oil Edges Down With Trade Talks, EU Curbs on Russia in Focus
Oil nudged lower following its first weekly drop this month, with traders focused on US trade talks and the European Union's efforts to curb Russian energy exports. Brent crude traded near $69 a barrel after falling 1.5% last week. EU envoys are set to meet as early as this week to formulate a plan to respond to a possible no-deal scenario with US President Donald Trump, whose position is seen to have stiffened ahead of an Aug. 1 deadline. Late last week, the 27-nation bloc agreed on a package of sanctions against Moscow, including a lower price cap on the country's crude, curbs on fuels made from Russian petroleum and a ban on a large refinery in India. The UK joined the EU efforts. Beijing — with two Chinese banks and other companies included in the sanctions — protested the EU measures and said it will take the necessary steps to resolutely 'safeguard the legitimate rights and interests of Chinese firms and financial institutions.' China and India became the main buyers of Russian crude when global flows were reshaped following the Kremlin's 2022 invasion of Ukraine. The shipments have so far not been impeded by western restrictions. Oil has trended higher since early May, but Brent is still down about 7% this year as Trump ratchets up his trade war and OPEC relaxes supply curbs. Prices have been jolted by developments in the Middle East, as well as sanctions on crude from producers including Russia and Iran. Diesel's price relative to crude in Europe, a gauge for profitability of producing the fuel, was near the highest since March 2024, while its prompt time spread — the difference between its closest two contracts — also rallied on Friday, widening its bullish backwardation structure. To get Bloomberg's Energy Daily newsletter in your inbox, click here. ©2025 Bloomberg L.P. This article was generated from an automated news agency feed without modifications to text.
Mint
3 minutes ago
- Mint
Top Gainers and Losers on July 21: Mastek, Eternal, Apar Industries, UPL, NALCO among top gainers today
Indian equities concluded Monday's trading session (July 21) on a positive note, with strong gains in banking heavyweights including HDFC Bank and ICICI Bank, along with a rally in select auto stocks, helping the Nifty 50 reclaim the 25,000 mark. The index ended at 25,079 points, up 0.44% from Friday's closing level. The gains could have been higher if Reliance Industries, the largest heavyweight among Nifty constituents, had not crashed nearly 4%, following its June quarter performance. Meanwhile, the S&P BSE Sensex ended the session at 82,194, rising 0.53% over the previous close. Broader markets were mixed, with the Nifty Midcap 100 index climbing 0.60%, while the Nifty Smallcap 100 index slipped marginally by 0.06%. Among individual stocks, HDFC Bank and ICICI Bank ended with gains of up to 2.9% as investors reacted positively to their June quarter results, which were released over the weekend. Meanwhile, Eternal (formerly Zomato) shares closed with a solid 7% gain after the company reported a 70% YoY jump in revenue and a net profit of ₹ 25 crore, compared to a loss of ₹ 250 crore in the same period last year. The Street appeared to be particularly encouraged by the strong performance of its quick-commerce division, which reported revenue of ₹ 2,400 crore, up from ₹ 942 crore a year ago. Looking at other developments, the potential mini trade deal between India and the US is expected to be finalized soon. US President Donald Trump recently said that a deal with India was "very close," ahead of the August 1 deadline, when duties on most US imports are set to rise again. Recent reports also suggest that India and the UK are likely to seal a long-awaited free trade agreement this week, which could grant Indian textiles and electric vehicles duty-free access to the UK market while easing the entry of British whisky, cars, and food exports into India. Meanwhile, overseas investors continue to pull funds from Indian exchanges. So far in July, they have sold Indian stocks worth ₹ 10,775 crore, although they remain invested in the primary markets—an indication that they see stock valuations in the secondary market as stretched.
