In a candid video interview with CNN, Bad Boy mogul Sean “Diddy” Combs talked with Steve Perry about his achieved success. The entrepreneur addresses young people, and states that he tries to “lead by example”.

Notably one of the richest businessmen in Hip Hop, Mr. Combs has managed to hold down being a father to six children all while running Bad Boy Entertainment Worldwide, including Bad Boy Records, Sean John clothing line, a movie production company, two restaurants, and a role as performer slash producer, just to name a few.

Diddy also recently announced to Wolf Blitzer while filling in on CNN’s Anderson Cooper 360 that he is hoping to start a school. “I want to have an academy that’s known for building leaders. I feel that’s one of the things I can have an impact on.”

The Making The Band executive producer is also slated to release his fifth studio album, Last Train To Paris, in March 2010 via Def Jam’s Interscope Records.