Day: October 4, 2026

Tim Kaine takes aim at Donald Trump’s approach to Canada tariffs, warning that the trade measures could hurt American interests as tensions with Ottawa continue. Canadian Prime Minister Mark Carney has also pushed back against U.S. pressure, defending Canada’s position as both countries navigate a tense trade relationship. The clash highlights growing disagreements over tariffs, economic policy and the future of U.S.-Canada trade. Watch the latest developments and hear the arguments from both sides as Washington and Ottawa confront another major moment in their economic relationship.

#timkaine #donaldtrump #markcarney #canada #canadatariffs #trumptariffs #tradewar #ustrade #canadanews #uspolitics #tariffs #tradenews #worldnews #breakingnews

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Russian strikes on Sunday hit the Ukrainian city of Kramatorsk and left a building badly burned.

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In 2019, Forbes valued Sean “Diddy” Combs at $740 million. Today he’s in a federal prison cell, his private jet sold off, his mansions going one by one, and dozens of lawsuits stacked against him. The man the world called a billionaire turned out to have only a fraction of that fortune in cash he could actually reach. So how does an empire that looked completely untouchable come apart this fast?

This is the full story of where the money really went. Not the myth of a billionaire, but the mechanism: a vodka empire he was the face of but never owned, a lawsuit he chose to file against the company that made him rich, the Cassie settlement and the 89 suits draining the same shrinking account, the honors and brand deals stripped away, the raids, the arrest, the verdict, and the mansions mortgaged and sold off from a cell. It’s the story of the one distinction he preached for 30 years and never applied to himself, the difference between being the reason something is worth a fortune and actually owning it. And the peer, in the exact same business, who did the opposite and became a billionaire by owning the bottle instead of just fronting it.

If you think you know how Diddy lost his fortune, the paper trail tells a different story.

Subscribe for more of the moguls who had it all and lost it: @fallenstarsstories

SOURCES

Social Life Magazine — Diddy’s net worth timeline ($740M in 2019 to ~$400M), the Rolling Stone 2022 billionaire label, and the Cîroc revenue-share structure

Diddy Net Worth 2026: Rise, Empire, and the Unraveling

CBS News — the October 2025 sentencing to 50 months and the July 2025 verdict (convicted on two prostitution counts, acquitted of racketeering and sex trafficking)
https://www.cbsnews.com/live-updates/diddy-sentencing-hearing/

Yahoo / Billboard — the Diageo settlement, the ~$200 million DeLeón buyout reported by The New York Times, and Diageo’s court-filing claim of close to $1 billion paid over the partnership
https://www.yahoo.com/entertainment/articles/inside-former-billionaire-diddy-dwindling-155609238.html

Food Dive — Diageo’s settlement statement, its sole ownership of Cîroc and DeLeón, and that Combs never held an ownership stake in Cîroc
https://www.fooddive.com/news/diageo-settles-lawsuit-with-diddy-sean-combs-ciroc-deleon-tequila-vodka/704639/

AOL / Business Insider — Combs’s court filing stating he paid off the ~$18 million Star Island mortgage on August 20, 2024 to pledge the home for bail, and the offer of his mother’s home equity
https://www.aol.com/diddy-anticipating-arrest-paid-off-172942884.html

SFGate — the $39 million 2014 purchase of the Holmby Hills estate and its $25.3 million mortgage, plus the March 2024 Homeland Security raids
https://www.sfgate.com/realestate/article/what-happens-to-diddy-s-61-5-million-los-angeles-20327524.php

Howard University (via Variety) — the June 2024 revocation of his honorary degree and return of his $1 million donation
https://variety.com/2024/music/news/howard-university-retracts-sean-diddy-combs-degree-1236029270/

Forbes — Jay-Z’s Armand de Brignac sale to Moët Hennessy (~$315M on a ~$630M valuation) and his billionaire status (the counter-example)
https://www.forbes.com/sites/abigailfreeman/2021/02/26/heres-how-much-jay-z-made-on-his-ace-of-spades-deal-and-how-it-stacks-up-against-kylie-jenner-kim-kardashian-george-clooney-rihanna–cashouts/

Visuals include generated imagery and licensed stock, with brief news and archival clips used for commentary, criticism, and education under fair use (Section 107 of the U.S. Copyright Act). No copyright infringement intended.

#diddy #seancombs #ciroc #musicindustry #fallenstars