2023 sexual assault and sex trafficking allegations led to significant decline in Diddy's business empire.

Sean Combs, known as Diddy, has seen his once-thriving business empire, valued at $820 million in 2021, decline significantly due to sexual assault and sex trafficking allegations made in November 2023. Revenue from his clothing line, alcohol partnerships, and music catalog has diminished, leaving him with mainly non-money-generating assets. While his music streaming has increased, experts warn that his catalog's value has also suffered due to reputational damage.