Diddys Net Worth Takes A Massive Dip As Brands Refuse To Work With Him After Abuse Allegations

Posted by Jenniffer Sheldon on Tuesday, April 23, 2024

Highlights

  • Diddy's net worth might plummet amid scandal, with major collaborations drying up in gentle of anxious accusations in opposition to him.
  • Eyewear deal lost and public backlash ensues after attack photos surfaces; Diddy faces severe allegations underneath investigation.
  • Diddy denies accusations and isn't charged but; history of prison demanding situations resurfaces amid new allegations against the rapper.

Diddy could also be worth an estimated $1 billion, however he may just see his net worth dwindle temporarily, as his collaborations are beginning to dry up in gentle of the annoying accusations against the report manufacturer.

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Diddy Lost His Eyewear Deal

America’s Best Contacts & Eyeglasses, a primary eyewear retailer, has determined to forestall promoting frames from Diddy's Sean John assortment. Instructions were reportedly given to stores remaining week to pull Sean John products from their shelves and change them with in a similar way priced alternatives.

The corporate had already started taking out Sean John eyewear from its online retailer final month, TMZ notes .

This transfer comes in the wake of public backlash in opposition to Diddy after CNN released security camera footage earlier this month showing the rapper assaulting Cassie in a lodge hallway. On May 19, Diddy issued an apology for his actions in a video shared on Instagram, in spite of denying other claims brought on previous.

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“It’s d ifficult to replicate at the darkest occasions for your lifestyles, once in a while you gotta do that,” Diddy said within the clip. “I used to be f–ked up. I mean, I hit all-time low however I make no excuses. My habits on that video is inexcusable. I take full accountability for my actions in that video. I’m disgusted.”

“I went and sought out skilled lend a hand. I’ve been going to remedy, going to rehab. Had to ask God for his mercy and charm,” he stated. “I’m so sorry, but I’m dedicated to being a higher man each and each day. I’m no longer soliciting for forgiveness. I’m truly sorry.”

Diddy is recently facing a sequence of great allegations, including accusations of sexual abuse, trafficking, and other misconduct, which might probably lead to criminal penalties as the placement develops.

Diddy Remains Under Investigation

In past due March, regulation enforcement government conducted raids on his houses, intercepting him whilst he used to be on his method to the airport with his daughters for a shuttle to the Bahamas.

In reaction, Diddy has denied all accusations, with his felony team disregarding the court cases as baseless attempts to extort money. That is, till the video pictures of him assaulting Cassie emerged, giving him no choice however to say sorry (and do severe harm control) in the face of the evidence.

For now, Diddy has now not been formally charged or accused of any illegal activity by means of federal prosecutors right now, even supposing this case could trade as investigations continue.

The raids took place most effective a few months after his former spouse, Cassie, filed a lawsuit towards him in November. Cassie accused him of assaulting her in 2018, making allegations of rape, physical abuse, and coercing her to elevate a firearm for intimidation. Remarkably, her lawsuit used to be settled simply a day after it used to be filed, with the agreement terms ultimate confidential.

These contemporary allegations are part of a long-standing trend of criminal demanding situations that Diddy has faced, dating again to the 1990s when he based his report label, Bad Boy Records. Multiple ladies have accused the billionaire of misconduct, and for the reason that government are investigating, it sort of feels they believe there’s credence to the claims.

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