Hip-hop mogul Sean “Diddy” Combs still maintains an extravagant lifestyle befitting a rap superstar, despite the FBI raiding his homes last month amid a sex trafficking probe. However, his ability to sustain such opulence long-term is now in doubt following a financial analysis released by The Post.
The 54-year-old’s most reliable revenue stream – his 50% stake in the Ciroc vodka brand with Diageo – ran dry in January after a bitter legal battle. The multinational company seized full control of Ciroc and Diddy’s DeLeĆ³n tequila following allegations women were assaulted at branded events.
His media ventures have also crumbled. He reportedly sold his stake in Revolt TV, and a planned Hulu reality show was scrapped after his ex accused him of rape. Even his iconic Bad Boy Records label has faded.
Meanwhile, his expenditures remain staggeringly high. The Post estimates Diddy’s total annual bills at around $35 million, including:
- $3.5 million for his private jet’s upkeep
- Over $1 million on yacht charters
- $5 million+ for his Miami and LA mansions
- $8.5 million for mortgages on those properties
- Potentially $1.8 million in child support
- Undisclosed sums supporting multiple exes
Legal fees also now loom large, with Diddy’s lawyer marking them a “high seven-figure commitment” annually to defend the mounting lawsuits.
His former attorney believes the business savvy Combs likely has investments and assets to subsidize his lifestyle temporarily. However, sustaining it long-term appears challenging without a significant income source to offset the legal quagmire.