Sean “Diddy” Combs is reportedly looking to unload his mansion in Los Angeles amid growing legal troubles, including a federal investigation.
The music mogul is trying to quietly “sell the house off market” for a stunning $70 million, TMZ reported on Wednesday, July 3.
Sources told the outlet the asking price is a “real stretch,” considering the Bad Boy Records founder purchased the house for $40 million in 2014.
The tree-lined home is located in the 200 block of Mapleton Drive in the wealthy Holmby Hills neighborhood of L.A.
According to published reports, the home costs about $5 million a year to maintain — when taxes, utilities, repairs, and staffing costs are factored in.
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Among Diddy’s wealthy neighbors is Alien and Gladiator director Ridley Scott, who was spotted pleading with LAPD officers to let him back into the cordoned off neighborhood on March 25, as federal agents raided Diddy’s home as part of a sex trafficking investigation.
Heavily-armed Homeland Security agents also descended on the mogul’s house in Miami that same day during a simultaneous bicoastal operation, as previously reported.
On May 29, CNN reported the Department of Justice had expanded the investigation to include “money laundering and illegal drugs.” The outlet said federal investigators had interviewed “the majority of the plaintiffs” who filed suits against Combs and prosecutors were preparing a “bulletproof” indictment.
The producer and rapper has been accused of sexual abuse in at least seven lawsuits since November 2023.
An eight lawsuit accused the mogul of aiding and abetting his son Christian Combs, 26, who is alleged to have sexually assaulted a yacht stewardess on a boat his father chartered for a New Year’s Eve celebration in December 2022. Both Diddy and Christian denied the woman’s allegations.
In April, the New York Post reported Diddy was blowing through cash as he pays multiple attorneys from law firms on both coasts “up to $1,750 an hour.” Famed attorney Mark Geragos, who previously represented Diddy, told the outlet the mogul’s current legal bills will be the annual equivalent of about a “high seven figure commitment.”
In January, Diddy and drink giant Diageo — where the bulk of his income came from — settled a lawsuit and ended all ties. The mogul sued the company for alleged racism in May 2023, saying it failed to make promised investments in his Ciroc and DeLeon brands and treated them as inferior “urban” products.
Diageo denied the claims and in legal filings accused Combs of resorting to “false and reckless” allegations “in an effort to extract additional billions” from the company. During their 15-year relationship, Diageo said it had paid Combs nearly $1 billion dollars. As a result of the settlement, the London-based company is now the sole owner of Ciroc vodka and DeLeon tequila.
Amid fallout from the sexual assault lawsuits against him and the federal investigation, the mogul returned his symbolic key to New York City on June 10, after receiving a strongly-worded letter from Mayor Eric Adams.
Howard University revoked an honorary degree given to the mogul in 2014 and returned a $1 million dollar donation he made to the HBCU. The school also said it was disbanding a scholarship program in the mogul’s name, and terminating a 2023 pledge agreement from the Sean Combs Foundation worth $1 million.
Revolt TV, a multi-media company and cable network that Combs founded in 2013, cut all ties with him and said his “shares have been redeemed and retired.”
Hulu halted production on a reality show titled Diddy+7, about the mogul and his seven children.
