Even in prison, Diddy still has multimillion-dollar assets; discover the rapper’s fortune

Diddy’s career wasn’t the only one to suffer repercussions after the scandals involving the rapper. This is because his multimillion-dollar fortune and image have also been significantly damaged.

In 2019, Forbes estimated Diddy’s net worth at approximately $740 million. However, shortly before his arrest this year, the company revised its projection to $400 million — still a significant figure, but representing a substantial decline.

Due to his high net worth, prosecutors believe Puff Daddy has a high likelihood of fleeing if he is granted the right to freedom. The authorities, in fact, cited these values ​​during the hearings to reinforce concerns about the possibility of escape.

Furthermore, Diddy’s business has also been affected due to the fallout from the case. Alcoholic beverage giant Diageo, for example, sold shares of Revolt, the rapper’s media company, in response to recent events.

For O’Malley Greenburg, former Forbes editor and expert on Diddy’s finances, the rapper’s financial situation was once much more favorable. “I firmly believe he was once a billionaire. I firmly believe he is no longer one,” he said.

Source: Terra