Why Diddy's Billionaire Status Might Be Coming to an End Soon [Yahoo! Finance]
Diageo plc (DEO)
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Source: Yahoo! Finance
Or at least, this is the major takeaway from the latest analysis of the Bad Boy producer's financial status as put forth by Forbes on Friday . According to several financial and legal analysts who spoke to the outlet, they all agree that Diddy's status as a billionaire is now in jeopardy of being erased thanks to both the slew of sexual assault lawsuits lobbed against him and the impending federal investigation that's currently underway. Advisors also said that dissolution of his partnership with liquor company Diageo dealt a blow to his standing despite being paid $200 million for his equity in the company for his DeLeón and Cîroc brands back in January. Additionally, the analysts also cite the recent selling of his equity stake in Revolt TV—which as previously reported by The Root was turned over to the employees that currently work there earlier this month—as another knocker against his funds. However the current CEO doesn't see it as a bad thing but rather an opportunity to bui
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