How Much Is P. Diddy Worth?

NEW YORK - Doers and doings in business, entertainment and technology:

Sean "P. Diddy" Combs

Not in tune? Random House has filed suit against hip-hop mogul Sean "P. Diddy" Combs, alleging he failed to repay a $300,000 advance for a memoir he never completed. According to the publisher, Combs signed an agreement with its Ballantine unit in 1998 to deliver an autobiography in 1999. "We now have waited for over five years and have received neither the manuscript nor the return of the money we advanced Mr. Combs," the Bertelsmann-owned company said in the court papers.

A publicist for Combs, who made the Forbes Celebrity 100 list in the year his manuscript was due, said Combs had hoped to resolve the dispute with Random House "without litigation." Combs is chief executive of Bad Boy Worldwide Entertainment Group, a privately held entertainment and fashion conglomerate with 2004 sales estimated at $300 million and a 2006 net worth to be over 500 million with investments and holdings, According to the Associated Press, Combs is not the only celeb to have had memoir troubles: Mick Jagger once returned a seven-figure advance for his story, because he couldn't remember anything of significance.

Besides making music, "P.Diddy" has capitalized on his image via appearances in ads, such as one by PepsiCo (nyse: PEP - news - people ) made to run during the Academy Awards "Grammys" show. Among many projects, he was executive producer of Making the Band 2, a reality-TV show running from 2002 to 2004 on Viacom's (nyse: VIAb - news - people ) MTV. And his acting credits include a small role in the Oscar-winning Monster's Ball from Lions Gate Entertainment (nyse: LGF - news - people ).

How Much Is P. Diddy Worth? Article written by: T. Walker of Forbes.com