Friday 16 March 2012

In 2002, he was featured on Fortune Magazine's "40 under 40" and was placed number one in the list of the top ten richest people in hip-hop. In 2011 his estimated worth was US $500 million, making him the richest person in the hip hop entertainment business.In 2012 his estimated worth was US $550 million dollars  making him the richest person in the hiphop entertainment business second time in two years.

Sean John

In 1998, Combs started a clothing line, Sean John. It was nominated for the Council of Fashion Designers of America (CFDA) Award for Menswear Designer of the Year in 2000, and won in 2004.
The clothing line was subject to controversy in 2003 when it was discovered that factories producing the clothing in Honduras were violating Honduran labor law. Among the accusations put forth were that workers were subjected to body searches and paid sweatshop wages. Charles Kernaghan of the National Labor Committee, who first exposed the factory, is quoted in the New York Times as saying, "Sean Puff Daddy obviously has a lot of clout, he can literally do a lot overnight to help these workers."



Combs responded that there would be a "zero tolerance" investigation at his company, Sean John. He stated to a group of reporters "I'm as pro-worker as they get." On February 14, 2004, Kernaghann announced on Pacifia station that Combs had made some "unprecedented" changes at factories including adding air conditioning and water purification systems, and allowing a union to form.


In late 2006, MSNBC reported, "Macy's has pulled from its shelves and its Web site two styles of Sean John hooded jackets, originally advertised as featuring faux fur, after an investigation by the nation's largest animal protection organization concluded that the garments were actually made from an animal called a 'raccoon dog'". Combs said he had been unaware of the material, but as soon as he knew about it, he had his clothing line stop using the material. In 2008 he appeared in a Macy's commercial.


In November 2008, Combs launched his latest men's perfume under the Sean John brand called "I Am King" dedicated to Barack Obama, Muhammad Ali and Martin Luther King. In November 2008, he unveiled a new Times Square billboard for the "I Am King" line to replace his iconic Sean John ad. The giant billboard is currently the largest static ad in Times Square. Model Bar Refaeli was chosen to be the face of the fragrance.

Other ventures

In addition to his clothing line, Combs owns an upscale restaurant chain called Justin's, named after his son. The current restaurant is in Atlanta; the original New York location closed in September 2007.He is the designer of the green Dallas Mavericks alternate jersey.


On September 18, 2007, Combs teamed up with 50 Cent and Jay-Z for the "Forbes I Get Money Billion Dollar Remix.] He also made appearances with Jay-Z on his American Gangster concert tour in 2007.


As of October 2007, Combs has inked a multi-year deal, in which he'll help develop the Ciroc brand, one of Diageo PLC's super-premium Vodka lines, for a share in the profits. The agreement is the latest in which a celebrity is going beyond the typical role of endorser to share in a brand's rise and fall. Diageo said the agreement could be worth more than $100 million for Combs and his company, Sean Combs Enterprises, over the course of the deal, depending on how well the brand performs. Since then, he has launched multiple ventures for Ciroc, many of which were featured during the 2008 presidential election.


Combs acquired the Enyce clothing line from Liz Claiborne for $20 million on October 21, 2008.
After a prolific Twitter campaign by comedian Chris Gethard, Combs is set to make an appearance at the comedian's live show in January 2010 at the Upright Citizens Brigade Theater in New York City. In February 2010, Combs announced on CNN to Wolf Blitzer, that he plans to open a business school in New York. He announced that he wanted a school, "that’s known for building leaders."


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