Legal cases taking a toll on Sean 'Diddy' Combs' wealth: Is he really in trouble?
Brooklyn prison and is awaiting trial in a slew of cases. The legal expenses and settlements are diminishing his resources, according to reports. Adding to his financial burden, Combs faces escalating legal fees. He has already paid a substantial settlement to his ex-girlfriend, Cassie Ventura, and an $18 million mortgage to secure a $50 million bail bond using his home.
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However, money may not be an issue with the 55-year-old rapper.
Combs, 55, has amassed a fortune estimated at $300 million through various ventures, including music, investments, and brand partnerships.
1. Liquor Partnership Deal
A major source of Diddy’s wealth came from his partnership with beverage giant Diageo. He represented Ciroc vodka and co-owned DeLeon tequila, earning as though he held a stake in Ciroc despite not actually owning one. Earlier this year, Diageo paid Diddy $200 million to buy out his shares in DeLeon, ending their lucrative partnership.
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