Listeners, the latest headlines surrounding Sean Combs—known to many as Puffy, P. Diddy, or Diddy—center on his recent federal court verdict. Just this week, a Manhattan jury found Combs guilty on two of five charges related to prostitution, both involving allegations of transporting women to engage in prostitution. However, he was acquitted of the most serious charges: racketeering conspiracy and sex trafficking by force or fraud, including those accusations involving Cassie Ventura. The jury, after deliberating for more than two days following six weeks of testimony, cleared Combs of these higher-level offenses, offering some relief to the embattled mogul. Still, he now faces a maximum of 10 years in prison for each conviction, and sentencing will be determined in the coming months, as reported by ABC News.

Combs’ legal battles have cast a shadow over what was once one of hip-hop’s most formidable business empires. According to The Shade Room, his downfall began long before the verdict. Combs stepped down and fully divested from Revolt TV, saw his Sean John fashion line vanish from Macy’s shelves, and lost several major endorsement and media deals. These developments follow years of public lawsuits from multiple accusers, including a $20 million settlement to Cassie, while many other civil cases remain unresolved.

Business Insider highlights that Combs’ fortunes have diminished dramatically. Once boasting a net worth hovering around $1 billion, Forbes’ most recent valuation, just before his arrest, placed his wealth at $400 million. His lucrative partnership with Diageo, the spirits giant behind Cîroc vodka and DeLeón tequila, ended in 2023 after the company cited the piling legal troubles and Combs’ unsuitability as a brand figurehead. Sean John, his iconic fashion brand, has similarly collapsed in value and visibility.

Despite his legal defense’s claims of victory following the acquittals, industry analysts suggest a long road ahead for Combs—not just in the courts, but in any hopes of reclaiming his cultural and financial heights. The Associated Press notes that even if prosecutors attempt to seize assets linked to criminal activity, the broader collapse of his businesses and partnerships has already dramatically altered the landscape for one of hip-hop’s most storied entrepreneurs.