Sean “Diddy” Combs has been acquitted of the most serious charges in his federal sex trafficking trial, but that doesn’t mean the once-celebrated music mogul will see his business empire restored.
Combs, 55, was convicted on Wednesday of flying people around the country, including his girlfriends and paid male escorts, to engage in sexual encounters, a felony violation of the federal Mann Act. Though he was was acquitted of racketeering conspiracy and sex trafficking charges, he could still be sentenced to prison for as long as a decade.
Here’s a closer look at how Combs’ portfolio and public image have crumbled under the weight of the allegations.
What has happened to Diddy’s business empire?
Before Combs was arrested and charged last September, his major business ventures had already collapsed. In November 2023, he stepped down and later fully divested from Revolt TV in the wake of the sexual assault allegations leveled against him by ex-girlfriend Cassie Ventura. The network, founded in 2013, offered a mix of programming focused on hip-hop culture, R&B music, social justice and documentaries.
Diddy also reportedly lost a Hulu reality series deal and saw his once-iconic fashion brand Sean John vanish from Macy’s shelves.
After surveillance footage surfaced last year showing Combs physically assaulting Ventura in 2016, consequences mounted: New York City revoked his ceremonial key, Peloton pulled his music, Howard University rescinded his honorary degree and his charter school in Harlem cut ties.
Last year, Combs settled a legal dispute with Diageo, withdrawing a lawsuit filed as part of a settlement with the London-based spirits giant, making the company the sole owner of Ciroc Vodka and DeLeon Tequila.
But while many of Diddy’s ventures have unraveled, his music catalog — for now — remains intact.
Where does Diddy’s music stand?
Bad Boy Records may be synonymous with 1990s icons like The Notorious B.I.G., Faith Evans, Ma$e and 112, but Combs kept the label relevant before his arrest with high-profile releases.
In 2023, Combs dropped “The Love Album: Off the Grid,” his first solo studio album in nearly 20 years. Singer Janelle Monáe also released her critically acclaimed project “The Age of Pleasure” through Bad Boy that same year. Both albums earned Grammy nominations, with Monáe’s effort recognized in the prestigious Album of the Year category.
Ahead of the “The Love Album” release, Combs made headlines by returning Bad Boy publishing rights to several former artists and songwriters, years after he was criticized for how he handled their contracts.
Today, Bad Boy Records remains operational, but the label has been significantly shaken by Combs’ legal firestorm. It hasn’t announced any major upcoming releases.
How is Diddy’s music faring on streaming?
Despite the legal turmoil surrounding Combs, his music remains widely available on major streaming platforms including Spotify, Apple Music and Amazon Music. None of the streamers have publicly addressed whether they plan to adjust how his catalog is featured.
Interestingly, Combs’ music saw a roughly 20% boost in U.S. streaming between April and May 2025, his biggest monthly spike this year, according to Luminate. The numbers jump coincided with key moments in the trial, including testimonies from Cassie and Kid Cudi.
However, there was a slight drop-off with a 5 to 10% decrease in June compared to the previous month’s streams.
Streaming makes up just a fraction of an artist’s revenue and is calculated through a complicated process called “streamshare.” Most artists see very little pay from digital services.
What happened to other businesses like Sean John?
Sean John, founded in 1998, has largely gone dormant, and there are no clear signs of a relaunch on the horizon.
In 2023, Combs launched Empower Global, an online marketplace designed to uplift Black-owned businesses and strengthen the Black dollar. He positioned the platform as a modern-day “Black Wall Street,” backing it with a reported $20 million of his own investment.
The platform debuted with 70 brands and planned to expand by onboarding new Black-owned businesses each month, aiming to feature more than 200 by year’s end.
However, as 2023 came to a close, several brands cut ties with Empower Global. It was reported that some cited disappointing performance and growing concerns over the misconduct allegations surrounding Combs.
Could Diddy’s fortune be at risk?
Combs has been sued by multiple people who claim to have been victims of physical or sexual abuse. He has already paid $20 million to settle Ventura’s lawsuit accusing him of rape, sex trafficking and ongoing abuse throughout their 11-year relationship.
Most of the other lawsuits, though, are still pending. It isn’t clear how many, if any, will be successful, or how much it will cost the rapper to defend himself in court. Combs and his lawyers have denied all the misconduct allegations and dismissed his accusers as being out for a hefty payday.
Federal prosecutors had informed the court that if Combs was convicted, they would seek to have him forfeit any assets, including property, “used to commit or facilitate” his crimes.
It was not immediately clear following Wednesday’s verdict how prosecutors would proceed or whether asset forfeiture would be part of a sentence imposed by the judge.
