LOS ANGELES — On a late afternoon in April, about two dozen music-industry tastemakers gathered at the 17,000-square-foot Holmby Hills mansion of Sean “Diddy” Combs for a preview of his first studio album in nearly two decades.
In one of his living rooms, attendees sipped cocktails as they admired a striking painting by Kerry James Marshall titled “Past Times,” which Combs purchased in 2018 at auction for $21.1 million. Combs amassed his fortune first through music, as a hip-hop producer, artist and founder of Bad Boy Entertainment, the label that launched the career of the late The Notorious B.I.G., among others. He’d later added lucrative fashion and liquor companies to his ventures, most notably Sean John and Cîroc vodka.
Combs, who turned 54 in November, had convened this crowd to hype his new R&B label, Love Records, and to play tracks from his own “The Love Album: Off the Grid,” featuring dozens of guest stars, from Justin Bieber and Mary J. Blige to Summer Walker and the Weeknd.
Ensconced in an upstairs music-listening room, Combs greeted each of his guests with a warm smile and a handshake and told the crowd about the album’s mission — “to bring love back to R&B music.”