Mortgage
Diddy now owes almost $100 million to the bank, having obtained a total of eight mortgages on his three lavish residences in Los Angeles and Miami, which were recently searched by Homeland Security.
– Diddy borrowed $140 million from multiple banks to fund the purchase of three luxury mansions in Los Angeles and Miami
– Homeland Security raided all three homes in response to mounting sexual harassment and rape lawsuits
– Nearly $100 million is still owed by Diddy, with one $23 million loan needing to be settled by 2029
– Forbes estimated Diddy’s net worth to be $1 billion in 2022
– Diddy purchased his LA home in 2014 for $39 million, featuring eight bedrooms, 11 bathrooms, and an underwater swimming tunnel
– Diddy also bought luxury estates on Star Island in Miami, with mortgages totaling $68.45 million and $139.85 million across all properties
– Diddy has taken out multiple mortgages and loans for his properties, with some paid off and others still outstanding
– Diddy also had an “abandoned mansion” in Atlanta, which he bought for $2.6 million in 2003 and reportedly sold for $1.3 million in 2007.
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