Controversial hip hop star Diddy recently scored a victory when he was only found guilty of two out of five counts in his high profile trial. However, the disgraced music producer is still facing a mountain of debts that could radically affect his lavish lifestyle in the future, according to a source via Yahoo.
“Even though it’s looking likely he’ll get to keep his assets, that doesn’t mean it’s smooth sailing from here on out,” a source exclusively dishes to the National Enquirer. “His legal bills are going to be so massive it’s hard to even estimate how many tens of millions he’ll be on the hook for with that.”
The hip hop artist has more to worry about than just the payments to his lawyers for his criminal case. Following his arrest in September 2024, Diddy has faced numerous civil lawsuits that accuse him of sexual assault, harassment, making violent threats, and more. His legal team has consistently criticized these lawsuits as attempts to exploit him financially and maintains that he is innocent.
“Only time will tell what those will cost him, but people are predicting it will be a whole lot,” continues the source. “He’s used to living like a king, private jets, tons and tons of staff, throwing money around like it’s nothing. But the reality is he won’t have that kind of money anymore so he’ll need to dial things back in a big way.”
The court of public opinion could also be “very unforgiving” to Diddy, which could affect his “earning power” over the rest of his career – even if he manages to dodge a significant amount of prison time, the source speculates.
“Any good advisor is going to be telling him he needs to scale things way back once he’s out,” the source adds. “If he fails to listen and keeps his spending where it was at pre-trial, it could lead to disaster.”
Earlier this month, celebrity financial advisor Devin White told the Enquirer that he thinks Diddy’s “Sean John business deals with Macy’s and other stores are going to be finished” once everything is said and done.
