Diddy's Diminished Net Worth

My story on Puff Daddy’s evaporating empire was originally published in Fortune earlier this winter. In case you missed it, here’s the full piece.

In 2022, several decades into a storied entertainment career, Sean “Diddy” Combs’ star—and his net worth—still seemed to be rising. He had hosted the Billboard Music Awards, launched a new record label, and attained billionaire status.

Since then, however, federal racketeering and sex-trafficking charges and a cascade of civil lawsuits have scuttled so...