Getty Images
Are Sean “Diddy” Combs’ finances headed for disaster?
Once aspiring to billionaire status, now in prison, the hip-hop mogul’s net worth has taken a huge hit.
Combs is scheduled to go to trial on May 5, 2025, after pleading not guilty to charges of racketeering, conspiracy, sex trafficking, and transportation of prostitutes. He also faces intense lawsuits from his alleged victims. He denies all charges and accusations against him.
Fox Business Network’s Taylor Riggs says Diddy’s financial bleeding shows no signs of stopping.
“Just a few years ago, his estimated net worth was about $800 million,” she says. “Now, I hear that because of all these legal issues, his net worth has dropped to just $400 million.”
She continued, “All I know is that good lawyers charge a lot of money per hour. We know they have big cases ahead of them.”
Diddy’s $60 million private jet has already been sold and his Los Angeles mansion is on the market for $61 million.
Twin daughters attend homecoming dance amid Diddy’s legal troubles
See story
“If you don’t want people touching something with your name on it, you need to look at other tangible assets that you can sell,” Riggs said.
Now, new evidence may be found in this case. NBC News reported today that a male witness is scheduled to testify before a grand jury in the Southern District of New York. Despite all the attention the case has received, the unidentified witness’s attorney, Ariel Mitchell, believes the music mogul will still receive a fair trial.
She said this on “Extra”. The jury will be found. ”