Sean Combs
Born: November 4, 1969, Harlem, New York;
Occupation: Businessman;
Position: Founder & CEO;
Company: Combs Enterprises LLC;
Industry: Media,Entertainment, Apparel, Beverages;
Residence: United States;
Nationality: American;
Annual Salary (2022): $90 M;
Net worth (2018): USD $0.825 Billion;
Sean John Combs, is the Founder & CEO of Combs Enterprises, since 2004. Mr. Combs is perhaps best known as the founder of Bad Boy Entertainment and for his work as a music producer with artists such as The Notorious B.I.G., Jodeci, Mary J. Blige, Usher, Lil' Kim, TLC, Mariah Carey, Boyz II Men, SWV, Aretha Franklin and others. Forbes puts his net worth at $825 million.
Mr. Combs was born in Harlem and grew up in Mount Vernon, New York. He began his music industry career as an intern at Uptown Records. He would eventually drop out of Howard after getting hired as a talent director at Uptown, where he would sign and produce Mary J. Blige.
Mr. Combs formed Bad Boy Entertainment in 1994 with the signing of just two artists, former EPMD roadie Craig Mack and friend and collaborator Notorious B.I.G. Bad Boy Records has achieved great success with The Notorious B.I.G., Craig Mack, Mase, Lil' Kim, D-Block/The L.O.X, Carl Thomas, Faith Evans, 112 and Total. The label is now 50% owned by Universal Music Group's Interscope Geffen A&M label.
In 1996, Mr. Combs parlayed Bad Boy's success into an unprecedented 50/50 joint venture with Clive Davis and Arista Records, enabling the label to effectively market its roster of artists to a global marketplace.
In June 2002, after one of the most successful and consistent hit-producing partnerships in the music business in the past decade, Arista Records and Bad Boy Entertainment amicably ended their joint venture. As part of the deal, Combs gained full control of Bad Boy Records, including the complete artist roster and entire catalogue.
February 2003 brought the announcement that Bad Boy Records had signed a worldwide distribution deal with Universal Records. Under the auspices of the deal, Universal will provide marketing and promotional support for Bad Boy's roster and distribute both the Bad Boy Catalogue and all new releases from the label. Most importantly, Sean "P. Diddy" Combs retains 100% ownership of Bad Boy Records.
Christian Casey LLC, Founded by Combs in 1998 and named for his second son, Christian Casey designs, produces, and distributes high-end urban fashion and accessories targeted to trendy males and females. Bad Boy Entertainment owns Christian Casey, which operates as Sean John Clothing. The label has enjoyed tremendous success, with annual sales exceeding $100 million, and multiple fashion design nominations. In 2004, the Council of Fashion Designers of America awarded Sean John the Men's Designer of the Year award.
Sean John fragrance, a joint venture with Estée Lauder, was formed in 2005. When introduced in 2006, Sean John’s signature fragrance, Unforgivable, quickly reached No. 1 in U.S. department stores. Since then, Sean John fragrances have grown to include Unforgivable Woman and I Am King, and are sold in more than 35 countries and territories. Sean John’s’ Unforgivable scent was the top selling fragrance in 2006, according to leading consumer and retail information provider The NPD Group. That was the first time a men's fragrance had claimed that honour. Sean John’s, I Am King, took home top honours at the 37th Annual FiFi Awards hosted by The Fragrance Foundation. I Am King, was named Fragrance of The Year in the Men's Luxe category. Combs took home the same award for his first men's fragrance, Unforgivable, in May 2007.
In 2007, Sean partnered with Diageo for a groundbreaking strategic alliance to oversee and manage all branding and marketing initiatives for Ciroc Vodka. Under the terms of the deal, Sean Combs and Sean Combs Enterprises will take the lead on all brand management decisions for Ciroc, while sharing in the future profits of the growth of the brand. This exclusive US multi-year collaboration, which calls for a 50/50 profit split, is a first for the spirits industry and could be worth more than $100 million for Combs.
Mr. Combs’ Sean John Enterprise acquired the Enyce clothing line from Liz Claiborne for $20 million on October 21, 2008.
Combs Enterprises was founded in 2004 as an umbrella company for Mr. Combs portfolio of businesses and investments that includes music, fashion, fragrance, beverage, marketing, film, television, and media properties. Its brands include:
- Bad Boy Entertainment
- AQUAhydrate, Inc.
- Capital Preparatory Schools
- Combs Wine & Spirits
- CÎROC
- DeLeón® Tequila
- Sean John
- REVOLT Films
- REVOLT TV & Media
Personal Attributes and Interests
- Mr. Combs is father to six children.
Work Experience
- Founder & CEO, Combs Enterprises
- Founder & CEO, Sean John
- Founder & CEO, Bad Boy Entertainment
- Intern, Uptown Records
Accolades
- Mr. Combs received an honorary doctorate from Howard University, 2014.
- Received his Star on the Hollywood Walk of Fame, 2008.
- Golden Plate Award, 1998, from the American Academy of Achievement.
Philanthropy, Community Service and Memberships
- Donated $1 million to Howard University to establish the Sean Combs Scholarship Fund, 2016.
- Founded Daddy's House Social Programs, 1995.
Education
- Mr. Combs attended Howard University but did not complete his degree.
Recently Added Black Executives
Tyler Scriven
Created by BlackEntrepreneurProfile.comTyler Scriven is the Co-Founder & Chief Executive Officer of Saltbox, Inc., a logistics pioneer since April 2019. The company offers adaptable office…
Ebony Beckwith
Created by BlackEntrepreneurProfile.comEbony Beckwith is Salesforce’s Chief Business Officer and Chief of Staff to Marc Benioff. In this role, Ms. Beckwith is responsible for aligning the…
Angela Benton
Created by BlackEntrepreneurProfile.comAngela Benton is the Chief Executive Officer of Streamlytics, a data analytics company. She previously co-founded NewME Inc., a venture capital…
Latest News & Articles
Tope Awotona's Calendly Acquires Prelude, A Recruiting Operations Platform
Created by BlackEntrepreneurProfile.comTope Awotona's Calendly, announced the acquisition of Prelude, a fast-growing recruiting operations platform designed to build an efficient hiring…
Jay-Z Sues Bacardi
Created by BlackEntrepreneurProfile.comJay-Z's company, SC Liquor, is reportedly suing D’Ussé Cognac co-owner Bacardi over the companies lack of financial clarity involving their…
Kanye West, to acquire Parler Social Media Platform
Created by BlackEntrepreneurProfile.comParlement Technologies announced today that it has entered into an agreement in principle to sell Parler, the far right leaning "free speech"…
FTC: Black Entrepreneur & Executive Profiles is reader supported, we may earn income on affiliate links. You support us by using our links to buy products, it will cost you nothing extra.
We also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.