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Diddy Enters $185M Deal That's Set To Create The Nation's Largest Black-Owned Cannabis Company

Sean “Diddy” Combs plans to break down barriers as he makes his debut into the cannabis space.   View this post on Instagram   A post shared by LOVE (@diddy)

Samantha Dorisca

Nov 4, 2022

From Tech N9ne To Doja Cat — Here Are Hip-Hop's Highest-Paid Acts Of 2021, Report Says

Hip-Hop is big business. What was once considered a niche musical sound has become the soundtrack of our lives. And the genre’s best-known artists have become all the richer for it. “Hip-hop has, and always will, set trends,” says Kim Kaupe, founder of the creative agency Bright Ideas Only, to Variety. “Brands realize they can no longer sit on the sidelines and test what ‘might’ work. They need to be in the mix testing partnerships and trends before they have the data to back it up.” Certainly, too, some rappers do far better than others — and indie rappers, like Tech N9ne, can still make a six-figure salary for themselves. According to Variety, Tech N9ne’s earnings come from an eight-figure digital catalog deal — a deal that was previously unreported to mainstream outlets. But, as one might imagine, the marquee-name rappers — like Drake and Kanye — make the biggest bucks. What’s more, rappers who diversify their portfolios — like Jay-Z and Wiz Khalifa — can continue to make money...

Exclusive: Nick Cannon Talks Turning 'Wild 'N Out' Into A 'Billion-Dollar Business,' Music And More

It’s no secret that Nick Cannon has proven himself as a multi-hyphenate businessman. The actor, musician, producer, and television personality got his early start in the late 90s starring on Nickelodeon hit series “All That,” where he also became the youngest staff writer in television history, according to Biography. He later went on to star in the self-titled “ Nick Cannon Show” and Black staples “Drumline” and “Love Don’t Cost a Thing” by the early 2000s. Nick Cannon’s early introduction to the entertainment industry was a snapshot of his bright future ahead — from “Wild ‘N Out” to “America’s Got Talent,” “The Masked Singer,” and more, he made his mark. In 2009, he even launched his own multi-media company NCredible Entertainment. But, who inspired him to reach these heights? “When I was in high school, I was looking up to guys like Diddy who could diversify and market himself. We see what he’s done and the opportunities he’s created and made for so many of us. Every time I...

Samantha Dorisca

Feb 14, 2022

Did You Know That These Celebrities Have Their Own Investment Firms?

Investment firms are a necessary part of the business world. But did you know that these celebrities helm up their own? From a tennis legend to several rappers, these twelve celebs are redefining what the names and faces of investment firms look like. No longer tied to “old-money white wealth” like Goldman Sachs, JPMorgan Chase, and Bank Of New York Mellon, these celebrities have proven that investments made back into the Black community pay off in much larger dividends…and cultivate goodwill in the long run. For example, Karan Wadhera — the managing partner for Snoop Dogg’s Casa Verde — even left his position in the “traditional” investment firm world to work with the legendary Doggfather on his venture. He told TechCrunch that he was driven to do so to shift people’s focus onto things that weren’t getting enough attention at the time (in Casa Verde’s case, Black ownership and cannabis investment). “We have a decent-size checkbook and a fairly high profile in this space, so we see...

Diddy Reclaims Ownership Of His Sean John Brand For $7.5M

Diddy owns Sean John again. Complex is reporting that the REVOLT capo and multi-millionaire successfully purchased the floundering brand from its former owners, GBG USA, Inc. “I launched Sean John in 1998 with the goal of building a premium brand that shattered tradition and introduced Hip Hop to high-fashion on a global scale,” Diddy said in an exclusive statement to Complex. “Seeing how streetwear has evolved to rewrite the rules of fashion and impact culture across categories, I’m ready to reclaim ownership of the brand, build a team of visionary designers and global partners to write the next chapter of Sean John’s legacy.” As fans of the brand are aware, Diddy initially sold 90 percent of the shares of Sean John to GBG USA, Inc., in 2016. Subsequently, GBG filed for Chapter 11 (business reorganization) bankruptcy, leaving the brand open for purchase. Initially, according to the outlet, about 45 other prospective buyers were contacted to purchase the brand. Diddy — real name:...

Can't Nobody Hold Him Down: How Diddy Became One Of The Richest Men In Hip-Hop

Throughout his career, Sean “Diddy” Combs has made an impact. And now, as his children make their way into the entertainment industry, we take a look back on that impact. From his early days at Uptown Records to his current status as a modern-day Hip-Hop mogul, Diddy continues to be “ all about the Benjamins.” In 2020, Forbes estimated his net worth to be about $55 million, the bulk of which came as a result of his investment in various businesses. Most notably, though, the outlet pointed out that the bulk of his money came as a result of the success of CÎROC vodka, which is distributed through his wines & spirits business and a partnership with Diageo. But that net worth number doesn’t take into account his extensive real estate portfolio, which is said to be worth upwards of $35 million, according to And it also doesn’t take into account his recent deals made in 2021 — which are quite extensive, to say the least. He’s announced an R&B only label, an opportunity for...

All About The Benjamins: How Diddy Set His Six Children Up For Financial Success

For Diddy, it’s all about the benjamins, but he seems to be a man all about his family, too. According to The New York Post, his three youngest children — Chance, D’lila Star, and Jessie James — are making a splash on the fashion scene after walking in the Dolce & Gabbana runway show in Venice, Italy in 2021. The outlet reports that the young ladies were just three of the many celebrity kids that walked the runway on behalf of the acclaimed designers. Leni Klum (whose mother is Heidi Klum), Deva Cassel (daughter of Monica Bellucci and Vincent Cassel), and Luka Bale (whose dad is Christian Bale) all did their part to make the event one for the books. But Diddy isn’t just the father to these three gorgeous young Black girls. He’s also the father of three amazing sons, all of whom are making their mark in the world in their own unique way. Whatever else can or can’t be said about him as a professional, Diddy seems to be doing right as a father. And that “right” extends to their net...

Diddy Announces Plans To Launch An R&B Only Label, 'We Can Own The Genre; We Don't Own Hip-Hop Right Now'

Diddy has plans to revive R&B with a new business venture. According to Rap-Up, the music mogul, born Sean Combs, has plans to launch a new record label that will be exclusive to R&B artists. As he enters what he’s deemed his “love” era, the Bad Boy founder also announced that he’ll drop his first project in nearly six years, an album titled “Off The Grid.” “I’m coming back into music, you know?” said the 51-year-old during an interview with Vanity Fair. He’ll also return to his R&B roots. “Yeah, [an] all R&B label, because I feel like R&B was abandoned and it’s a part of our African American culture,” he continued.   View this post on Instagram   A post shared by LOVE (@diddy) In the past, Diddy has been criticized for his questionable Bad Boy contracts, but in this new era, he plans to do things differently. “And I’m not signing any artists,” said Diddy. “Because if you know better, you do better. I’m doing 50-50 partnerships with pure transparency. That’s the thing. [The new...

Shanique Yates

Aug 4, 2021

Sean Combs Enterprises & Salesforce Partner To Launch Black-Owned Digital Marketplace

Buying Black just got a whole lot easier! Salesforce and Combs Enterprises have joined forces to create SHOP CIRCULATE, a curated digital marketplace that will allow customers to discover and buy products exclusively created and sold by Black entrepreneurs. On the heels of the centennial anniversary of the Tulsa Race Massacre this past weekend, SHOP CIRCULATE was created to equip Black businesses with a platform that would allow them to reach global audiences and will empower consumers to shop the world’s best Black-owned brands. “Building Black wealth starts with investing in Black-owned businesses and giving entrepreneurs access to the consumers needed to build sustainable companies that can thrive,” said Sean  Combs , Chairman of Combs Enterprises in an official press release. “I’m excited to partner with Salesforce to create a platform that will advance our collective pursuit of economic justice.” The announcement reiterates the value that comes with both supporting and...

Shanique Yates

Jun 1, 2021

Diddy Launches 'Our Fair Share' to Help Minority Entrepreneurs and Small Businesses

Media mogul and entrepreneur Sean “Diddy” Combs has launched a new platform dedicated to helping minority entrepreneurs and small businesses remain afloat amid the changing economy brought on by the coronavirus pandemic. Launched in partnership with The National Bankers Association, “ Our Fair Share ” was created to simplify the application process for the next round of Paycheck Protection Program (PPP) funding, according to the company’s press release. Combs announced the big news yesterday via Instagram. “COVID-19 is devastating our communities and without access to stimulus funding we risk losing critical businesses that create jobs and help build opportunities and wealth in our communities,” Combs said. “I created Our Fair Share to help entrepreneurs play on an even playing field and give them a chance to survive with the hope to thrive.” The initial round of PPP funding was unfairly distributed to “to those...

Njera Perkins

Apr 24, 2020

Diddy Launches 'REVOLT Black News' as the New Hub of Information for the Black Community

Last week media mogul Sean “Diddy” Combs announced the launch of “REVOLT Black News,” a show that delivers the news from the Black perspective. The show is the latest addition to Diddy’s REVOLT TV, a music-centered digital cable network founded in 2013. Amid the pandemic REVOLT aired “ The State of Black America & Coronavirus, ” a town hall meeting focused on increasing the dialogue around how COVID-19 health disparities are affected the Black community. With positive feedback from viewers, Diddy decided it was time to develop a permanent news outlet. “When I started REVOLT I always wanted to develop a platform to report the news from our perspective, from our lens, from our people, so I decided to launch ‘Black News,'” said Diddy in a video press release. As state-issued stay-at-home orders remain in place, many feel the restrictions taking a toll. Diddy aims to provide much need resources on what the Black community can do during this time. “We’re here with solutions. We’ve...

Devin Crudup

Apr 20, 2020

Recording Academy Creates Diversity and Inclusion Initiatives After Diddy Speaks Up At Pre-Grammy Gala

During the Clive Davis pre-Grammy gala , Sean “Diddy” Combs voiced his frustration toward the mistreatment of Black artists and the exclusion of diversity inflicted by the Recording Academy. According to Black Enterprise Combs’ stated: “Truth be told, hip-hop has never been respected by the Grammys. Black music has never been respected by the Grammys—to the point that it should be,” Diddy continued. “For years, we have allowed institutions that have never had our best interests at heart to judge us. And that stops right now. I’m officially starting the clock. You’ve got 365 days to get this s–t together.” Following Combs’ statement, the Recording Academy announced the development of a diversity initiative in collaboration with its Diversity Task Force. CNN reports Harvey Mason Jr., Chairman and Interim Chief Executive Officer of the Recording Academy, addressed the situation with a message to its members: “Six months ago, when I put my hat in the ring to be your Chair, I did so...

Devin Crudup

Jan 31, 2020