Sean 'Diddy' Combs' net worth, homes, plane and more assets: What we know
The embattled music mogul is facing potential life in prison if convicted on charges of sex trafficking, racketeering and transportation to engage in prostitution. He has pleaded not guilty.
He is also fighting a Justice Department forfeiture action that could cost him much – if not most – of an empire that prosecutors allege he used as part of a criminal racketeering enterprise from 2008 to the present. His lawyers have hired as a consultant the former deputy chief of the Justice Department's Asset Forfeiture and Money Laundering Section, USA TODAY has learned.
So what are Combs' assets, and what could be seized if he is convicted?
Diddy's net worth
In 2024, Forbes magazine estimated Combs' net worth at $400 million – a significant drop from its 2019 figure of $740 million. Both Combs and his team later claimed he was a billionaire, Forbes said, despite offering no documentation to back up the claim.
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Diddy's homes
According to publicly available documents and news reports, Combs' most valuable personal possession is likely his 17,000-square-foot, 10-bedroom mansion, appraised at more than $61 million, in the tony Holmby Hills section of Los Angeles. It was raided as part of a criminal probe and listed for sale last September.
Combs also owns a 9,600-square-foot house in Toluca Lake just northwest of the Hollywood Sign. And he owns a $48 million mansion at 2 West Star Island in Miami and the adjacent property at 1 West Star Island. On Aug. 20, 2024, Combs paid off the $18.9 million mortgage so he could put up 2 West Star as collateral in his failed efforts to obtain bail and stay out of jail while awaiting trial, documents show.
Diddy's plane
Combs owns a Gulfstream G550 jet valued at more than $25 million, known as LoveAir, which he rents out while also seeking a sale to help pay his enormous legal expenses.
Diddy's record company
Also, potentially open to forfeiture: Combs' Bad Boy Records, which still generates money from recordings and music publishing rights since he launched the company in 1993.
Sean "Diddy" Combs attends the 2023 Met Gala on May 1, 2023.
At its founding in 2013, Combs' parent company Combs Enterprises, later renamed Combs Global, included his New York City-based Bad Boy Entertainment, Combs Wines and Spirits, the AQUAhydrate water firm, Revolt Media, Sean John fashion and fragrances, Capital Preparatory Charter Schools and The Sean Combs Foundation.
Over the years, it expanded to include new business units and ventures such as Empower Global, Our Fair Share and Love Records, which focused on R&B.
Diddy's art collection
Combs is not known to own any “Colossal-sized Picassos,” as he sings about in his hit song. But he is believed to have an extensive art collection, including works by Jean-Michel Basquiat and Keith Haring.
"Past Times" by Kerry James Marshall at Sotheby's May Evening Sale of Impressionist and Modern Art, in New York, on May 4, 2018.
In 2018, he was revealed as the mystery buyer of the renowned painting “Past Times” by Kerry James Marshall for $21.1 million.
Diddy's cars
Sean "Diddy" Combs appears on the balcony of his estate at "The Real White Party" on Sept. 2, 2007 in East Hampton, New York.
At one time, Combs' fleet of at least 20 luxury cars included a Rolls-Royce, Bentley, Ferrari, Lamborghini and an ultra-luxury Mercedes known as a Maybach.
Contributing: Brendan Morrow
