The entertainment industry is reeling as Sean “Diddy” Combs, 54, has sold the majority of his shares in Revolt amidst a barrage of sexual misconduct lawsuits and a looming federal sex trafficking investigation! The rapper had “temporarily” stepped down as chairman of Revolt in November 2023, but in a shocking twist, TMZ has revealed that Diddy secretly offloaded his shares in March to a mysterious buyer for an undisclosed amount.
On Tuesday, Revolt CEO Detavio Samuels dropped a bombshell to The New York Times, confirming, “All of Sean Combs’ shares have been redeemed and retired. He is no longer the chairman, off the board, and not an equity or shareholder in Revolt. We no longer communicate or associate with one another at all.”
The scandal doesn’t stop there—eight lawsuits against Diddy are currently pending, accusing him of heinous crimes including racketeering, rape, physical abuse, and sex trafficking, spanning over three decades! In a dramatic raid, Homeland Security agents stormed his properties in Miami and Los Angeles in March, recovering a trove of videotapes. An indictment by a grand jury is reportedly imminent, threatening to dismantle Diddy’s empire as staggering legal fees loom.
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