What happens to Diddy's $400 million fortune if he's found guilty?

(NewsNation) — Not lone is Sean “Diddy” Combs facing a imaginable condemnation of beingness successful situation if convicted of national charges but helium besides stands to suffer his $400 cardinal luck nether a forfeiture enactment by the Justice Department. 

Combs has been charged with 5 counts of racketeering, enactment trafficking and proscription to prosecute successful prostitution. He has pleaded not blameworthy and is successful the mediate of his transgression trial. 

But his indictment besides includes a forfeiture enactment that could outgo him astir each of his nett worth, arsenic prosecutors person alleged helium utilized his wealth towards a transgression enterprise. 

A transgression forfeiture is an enactment brought arsenic portion of the transgression prosecution of a defendant, according to the FBI. It is against that idiosyncratic and requires that the authorities indict the spot utilized for the transgression on with the defendant, according to the agency. 

If the suspect is convicted and the spot is deemed forfeitable, the tribunal issues an bid of forfeiture.

What is Diddy’s nett worth? 

In 2019, Diddy’s nett worth was $740 million, Forbes reported. However, astatine the extremity of 2024, his nett worthy had plummeted to $400 million.

Combs’ nett worthy is simply a operation of respective of his assets, including existent property and collectibles, backstage investments and intelligence property, according to the outlet.

What happens to Diddy's wealth if convicted?

If recovered guilty, Combs volition suffer it all, Sara Azari, transgression proceedings lawyer and NewsNation ineligible analyst, said. 

“While we're each focused connected racketeering, due to the fact that it carries 20 to life, if he's convicted of racketeering, helium loses $400 cardinal of his nett worth…so each of that gets taken by the government,” she said. 

“Not lone volition helium lose, but his full household volition too…he volition spell from riches to rags.” 

Does Diddy get to support his wealth if he's recovered not guilty?

Comb’s assets would stay his if he’s recovered not guilty. 

However, the high-profile quality of the lawsuit and charges volition marque it intolerable for Combs to person a palmy vocation moving forward, Azari said. 

“Even if he's acquitted of everything, he's done successful the amusement industry,” she said. 

What happens to Diddy's wealth if it's seized?

Money forfeited by the authorities done plus forfeiture mostly goes into a money managed by the Department of Justice.

The Assets Forfeiture Fund tin beryllium utilized for assorted purposes, including backing investigative expenses, unfortunate compensation, and instrumentality enforcement activities, according to the U.S. Marshals Service.