Contact Us

Bad Boy Is ‘Third-Largest Minority-Owned Business’ in New York

Getty Images

In the rap world, we all acknowledge that Sean Combs, aka Diddy, is one of the best businessmen around. S how big is he really? Well, according to Crains, a leading and trusted business publication, Combs’ Bad Boy enterprise actually rates as the third-largest business owned by a minority within New York City and its surrounding counties.

What does this mean? Well, the 18-year-old company, which encompasses Bad Boy Records as well as restaurants, a recording studio, marketing firm, film company and more, is a major business player in the capital of U.S. business. The Atlanta Post estimates that the company brings in an annual revenue upwards of $300 million and comfortably runs with an estimated 600 employees.

To make Crains’ list, a business must be privately owned and headquarted within the New York area. That includes the City, as well as Suffolk and Westchester counties upstate and Bergen, Essex, Hudson and Union counties in New Jersey. For the list, a business must be at least 51 percent owned by minorities.

Bad Boy came in right behind Goya Foods and Palladium Equity Partnerships. Goya, which is owned by people of Hispanic heritage, raked in a whopping $1.5 billion in revenue in 2009, the year in which Crains took its revenue statistics.

Watch Diddy-Dirty Money’s ‘Someone to Love Me’
if(typeof AOLVP_cfg===’undefined’)AOLVP_cfg=[];AOLVP_cfg.push({id:’AOLVP_718684806001′,’codever':0.1,’autoload':false,’autoplay':false,’displaymnads':true,’playerid':’89761511001′,’videoid':’718684806001′,’width':476,’height':357,’playertype':’inline’,’stillurl':’dynamic’,’videolink':’#’,’videotitle':’dynamic’,’videodesc':”});

Download Diddy Albums | Buy Diddy Albums

Recommended for You

Around the Web

Best of TheBoombox

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for The Boombox quickly by connecting your Facebook account. It's just as secure and no password to remember!