The Sale Before the Storm: Diddy Sells Majority Stake in Revolt

By: Jarrod Horton

Staff Writer

Source: Phillip Faraone / Getty

According to reports, embattled mogul Sean “Diddy” Combs has sold his majority stake in Revolt. Diddy founded the media company in 2013.

The news comes amid a slew of lawsuits against Diddy. The company revealed the news in a blog post. It stated that its new ownership structure will give Revolt’s current employees an equity stake, making them its largest shareholder group.

“We are stepping into the most revolutionary chapter yet for Revolt. When I joined in 2020, I quickly realized two things: Our mission is bigger than any individual, and we are the largest engine for transformative change that just so happens to be a media company,” Revolt CEO Detavio Samuels said in a statement. “Over the past four years, this engine has created countless opportunities to build wealth for our community and empower creators and entrepreneurs globally, which includes our reinvestment of $50 million annually into the Black community, funding Black entrepreneurs with no exchange of equity, and ensuring creators have upside participation in the content IP we co-create.”

Stepping down from Revolt is not the only business that has cut ties with Diddy, he is also no longer affiliated with Hulu, Capital Preparatory Schools, and America’s Best Contacts & Eyeglasses.

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