A coveted position since the 90’s, Billionaire Diddy may no longer be a title he can hold
(The Root)
Though it’s taken years for Diddy to accumulate enough wealth to qualify him as a billionaire, it “We are most proud of the transformation that our teams will experience as they shift from being employees to owners of the business they are helping to build. Black culture is global culture, and REVOLT’s superpower is being the home for creators that move culture globally, allowing us to build the most powerful storytelling engine for Black voices,” said Revolt CEO Detavio Samuels at the time.
With the Diageo partnership, looming federal investigation, numerous sexual assault suits (most seeking some monetary compensation), and the selling of Revolt—analysts now estimate that the hip-hop mogul may actually only have $200 million in cash with the rest of his assets being linked to his jet, art collection, 20-car fleet, and whatever music royalties he still has ( even though he sold back most of them to the artists who were on his Bad Boy label back in Sep. 2023.)
It was just two years ago that the mogul had become a billionaire. Now, there’s no telling just how fast his many millions will go away.
only taken one moment in time—and a myriad of lawsuits—to see it potentially all fade away.
“We are most proud of the transformation that our teams will experience as they shift from being employees to owners of the business they are helping to build. Black culture is global culture, and REVOLT’s superpower is being the home for creators that move culture globally, allowing us to build the most powerful storytelling engine for Black voices,” said Revolt CEO Detavio Samuels at the time.
With the Diageo partnership, looming federal investigation, numerous sexual assault suits (most seeking some monetary compensation), and the selling of Revolt—analysts now estimate that the hip-hop mogul may actually only have $200 million in cash with the rest of his assets being linked to his jet, art collection, 20-car fleet, and whatever music royalties he still has ( even though he sold back most of them to the artists who were on his Bad Boy label back in Sep. 2023.)
It was just two years ago that the mogul had become a billionaire. Now, there’s no telling just how fast his many millions will go away.
