Sean “Diddy” Combs owes nearly $100 million in mortgage payments on a trio of mansions in Los Angeles and Miami that were raided by federal agents this week, according to a report.
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| American rapper and music executive, Sean ‘Diddy’ Combs. Photo: Getty Images |
The embattled rapper took out eight bank loans, totaling a whopping $140 million, to pay for the sprawling properties, the Daily Mail reported.
The Department of Homeland Security searched the homes on Monday as authorities investigate a range of allegations, including sex trafficking, against the 54-year-old music mogul, who Forbes estimates to be worth roughly $1 billion.
Combs bought his LA home, located in the elite Holmby Hills neighborhood, for $39 million in August 2014, according to the Daily Mail.
The estate includes eight bedrooms, 11 bathrooms and an underwater swimming tunnel.
nypost.com
