<p id=”par-1_89″>The outcome of <a href=”https://www.cheatsheet.com/tag/celebrity-scandals/?swcfpc=1″>Sean ‘Diddy’ Combs’ sex trafficking and racketeering trial</a> was not what most people expected. The music mogul somehow avoided the charges that carried the most significant jail time and is awaiting sentencing on two lesser charges. While Diddy won’t be spending the rest of his life behind bars after<a href=”https://www.cheatsheet.com/news/sean-diddy-combs-juror-called-public-response-verdict-highly-insulting-belittling.html/”> the shocking verdict</a>, his arrest and all the information that came out about the famed rapper have hurt his net worth and future prospects. This is everything Diddy has lost since abuse allegations first came to light.</p>
<h2 class=”wp-block-heading” id=”h-sean-diddy-combs-business-ventures-have-mostly-crumbled”>Sean ‘Diddy’ Combs’ business ventures have mostly crumbled</h2>
<p id=”par-2_77″>Sean ‘Diddy’ Combs might have skated on the most serious legal charges levied against him after his 2024 arrest. Sure, he won’t be spending his life in prison, but the trial did come at a cost. The music mogul has spent a year in jail and is likely to spend more time behind bars once he is sentenced in October. Long before the trial and the eventual split verdict, Diddy’s business ventures and honors began drying up.</p>
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<p id=”par-3_71″>As allegations against Diddy mounted, several of his business ventures severed ties with him. He stepped down as chairman of <a href=”https://www.cheatsheet.com/news/sean-diddy-combs-mother-son-entered-power-struggle-diddys-fortune-source-says.html/”>Revolt TV</a> in November 2023 and fully divested following assault allegations. Hulu walked away from a planned reality TV series about his family. Diddy was also dropped by Cîroc vodka and DeLeón tequila, although he was reportedly ousted over a “contractual dispute.” His clothing brand has also disappeared from store shelves.</p>
<p id=”par-4_63″>Diddy still retains the rights to his music catalog, but those songs have gotten much less sought after. Several companies have opted not to feature the artist any longer. Peloton pulled his music from their classes, and his radio airplay dropped 88% in the months since allegations against him went public. According to <a target=”_blank” href=”https://www.hollywoodreporter.com/news/music-news/sean-diddy-combs-streaming-activity-drops-assault-allegations-1235904374/” rel=”noreferrer noopener”>The Hollywood Reporter</a>, streams of his music dropped significantly, too.</p>
<h2 class=”wp-block-heading” id=”h-he-s-been-stripped-of-honors-and-partnerships-too”>He’s been stripped of honors and partnerships, too</h2>
<p id=”par-5_43″>Diddy’s business ventures have dried up, but what might sting more is the loss of some of the honors he has received over the years. Institutions and organizations began distancing themselves from the mogul in 2024 following the filing of the first lawsuit.</p>
<p id=”par-6_57″><a href=”https://www.cheatsheet.com/news/music/diddy-made-money-off-student-protests-college.html/?swcfpc=1″>Howard University </a>took swift action. They rescinded the honorary doctorate Diddy was awarded in 2014. They also returned a $1 million donation, and the board unanimously voted to cut ties with Diddy. Howard University released a statement noting that the decision was made to uphold the university’s integrity and its commitment to its students and their safety.</p>
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<p id=”par-7_66″>In addition, the American Society of Composers, Authors and Publishers removed Diddy from its Rhythm & Soul Music Awards Hall of Fame. Both Miami and New York City rescinded his honorary keys to the city. Both cities unanimously voted to sever ties with the rapper. New York requested that he return the key in June 2024. Five months later, Miami stripped him of the same honor. </p>
<h2 class=”wp-block-heading” id=”h-could-he-win-back-his-fortune”>Could he win back his fortune?</h2>
<p id=”par-8_100″>Diddy’s fortune has been largely lost during the lead-up to his trial. Even with a split verdict, it is unlikely he’ll ever regain the fortune he once had, but he also won’t lose anything else; at least, he won’t need to forfeit anything to the government. While Diddy will likely serve jail time because of the two guilty verdicts, most of his assets will remain safe. According to <a href=”https://people.com/diddy-net-worth-split-verdict-everything-to-know-11766361#:~:text=Following%20the%20split%20verdict%2C%20legal,not%20going%20to%20happen%20now.%22″ target=”_blank” rel=”noreferrer noopener”>People</a>, the U.S. Government can no longer seize his assets as he was found not guilty of the racketeering charge. His home, his cars, and his business entities will remain largely intact.</p>
<p id=”par-9_80″>That doesn’t mean everything he has is safe, though. Diddy might not have to forfeit anything to the government, but he still has dozens of<a href=”https://www.cheatsheet.com/news/who-filed-the-first-civil-lawsuit-against-sean-diddy-combs.html/”> civil lawsuits</a> to work through. Even if just a handful of those end with a judgment against him, he could be financially ruined. Considering what the world learned of the music mogul during his trial, the companies that cut ties with him, and Diddy’s likely sentence, accruing a lot of additional wealth post-arrest seems unlikely.</p>