Getty Photos
Are Sean “Diddy” Combs’ funds headed for damage?
He was as soon as on his approach to billionaire standing, however now as he sits behind bars, the hip-hop mogul’s internet price has taken successful.
Combs is headed for trial Could 5, 2025, after pleading not responsible to expenses of racketeering, conspiracy, intercourse trafficking, and transportation to have interaction in prostitution. He’s additionally dealing with an onslaught of lawsuits from alleged victims. He has denied all the costs and accusations towards him.
Fox Enterprise Community’s Taylor Riggs says Diddy’s monetary bleeding reveals no indicators of stopping.
“Only a few years in the past, he was estimated at about $800 million,” she stated. “Now, we hear that his internet price has dropped to only a cool $400 million due to all of those authorized issues.”
She continued, “All I do know is that good attorneys cost quite a bit per hour. We all know that they’ve an enormous case forward of them.”
Diddy’s $60 million non-public jet has already been bought, and his L.A. mansion is in the marketplace for $61 million.
Diddy’s Twin Daughters Attend Homecoming Dance Amid His Authorized Bother
View Story
Riggs stated, “If individuals don’t wish to contact something together with your title on it, you must take a look at different tangible belongings you possibly can promote.”
Now, there may be attainable new proof within the case. NBC Information studies as we speak {that a} male witness was anticipated to testify earlier than a grand jury within the Southern District of New York. Even with the immense consideration on the case, the unidentified witness’ legal professional Ariel Mitchell believes the music mogul can nonetheless get a good trial.
She informed “Additional,” “I feel we’ve received a subsection of people who find themselves following popular culture occasions, and so forth., after which one other subculture of people that may care much less about this, so I do suppose 100% a good and neutral jury could be discovered.”