*According to Crain’s New York Business, Sean “Diddy” Combs is quite the businessman. The publication reports that the mogul is in charge of the third largest minority-owned business in New York City.
The article stats that Combs’ Bad Boy Worldwide Entertainment Group is responsible for managing artists, recording music, fragrances, several restaurants, apparel, advertising, marketing, TV and film production and more.
Crain says the entire Bad Boy empire pulls in $300 million annually with an estimated 600 employees on its payroll.
As impressive as Diddy’s $300 million in sales is, it’s dwarfed by the guys in front of him. Palladium Equity Partners is number 2 with $1.262 billion in annual revenue and Goya Foods Inc., with $1.5 billion in yearly sales checks in atm number one. Both are Hispanic owned firms.