Sean “Diddy” Combs has become quite the businessman. What started out in 1993 as a record company that was home to hip-hop and R&B artists such as The Notorious B.I.G., Faith Evans and Craig Mack has grown into a worldwide conglomerate that was recently selected as the third largest minority-owned business in New York City. For a business to qualify, it must be privately owned and headquartered within the New York area. The business must also be at least 51 percent owned by minorities. Bad Boy Worldwide Entertainment Group is responsible for managing artists, recording music, fragrances, restaurants, apparel, advertising, marketing, TV and film production. Bad Boy rakes in an estimated $300 million annually and has an estimated 600 employees on its payroll.
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