Sean ‘Diddy’ Combs Selling $61.5M Beverly Hills Mansion Amid Indictment

Embattled music mogul looks to unload lavish California spread

Combs indicted in federal wire fraud case

In the wake of his indictment in a federal wire fraud case, music mogul Sean ‘Diddy’ Combs is reportedly selling his lavish Beverly Hills mansion for $61.5 million.

The sprawling estate, nestled in the ultra-exclusive Trousdale neighborhood, boasts 10 bedrooms, 11 bathrooms, a home theater, a gym, a game room, and a saltwater pool.

Combs purchased the property in 2014 for $52 million, and it has been featured in numerous publications, including Architectural Digest and The Wall Street Journal.

Indictment details

The indictment against Combs, filed in March 2023, alleges that he and two other defendants engaged in a scheme to defraud investors in a company called Revolt Media & TV.

The indictment alleges that the defendants misled investors about the company’s financial performance, and that they used the money raised from investors to pay personal expenses.

Combs has pleaded not guilty to the charges, and his trial is scheduled to begin in May 2024.

Potential sale price

The asking price for Combs’ Beverly Hills mansion is $61.5 million, but it is unclear what price he will ultimately sell it for.

The current median home price in Beverly Hills is $4.2 million, and the most expensive home ever sold in the city was a $150 million mansion purchased by Jeff Bezos in 2020.

It is possible that Combs’ mansion could sell for more than the asking price, given its size, location, and amenities.

The sale of the mansion would be a significant financial transaction for Combs, who has an estimated net worth of $900 million.

The proceeds from the sale could be used to pay for legal fees, settle debts, or invest in new ventures.

It is also possible that Combs could rent out the mansion, which would provide him with a steady stream of income.