Past recipients of the award include Stevie Wonder, Paul McCartney, Bob Dylan and, most recently, Rod Stewart.
First rising to prominence as a college-aged executive at Uptown Records, Combs subsequently made his name as the founder of Bad Boy Records and as the producer behind the Notorious B.I.G. After Biggie’s death, Combs notched a number of hits as a solo artist, and was instrumental in producing for and shepherding the careers of Mary J. Blige, Jodeci, Lil’ Kim, Faith Evans and Danity Kane. His December release “Last Train to Paris” (as Diddy-Dirty Money) reached the album chart top 10.
Awards ceremony will take place at the Beverly Hilton Hotel.