Mr. Combs, who was accused of sexual assault in several lawsuits, made the sale as he ended his long-term partnership with the liquor giant Diageo. He has denied wrongdoing.
A restless ambition took him from hip-hop to the Met Gala, a reality show, a fashion label, a fragrance line and his own cable network. Then came the accusations and federal raids.
Federal agents executed search warrants at his homes in Los Angeles and Miami Beach, and he faces several civil lawsuits accusing him of rape and sexual assault.
The hip-hop mogul denied sexual assault accusations in a bombshell suit in November. As more allegations piled up, his business empire, and reputation, faltered.
A day after two of the entertainment executive’s homes were raided by federal agents from Homeland Security Investigations, his lawyer said his client is innocent.
Rodney Jones Jr. filed a federal lawsuit on Monday that says the hip-hop mogul made unwanted sexual contact while they worked on an album. A lawyer for Mr. Combs denied the allegations.