Sean “Diddy” Combs scored a victory when he was only found guilty of two out of five counts in his high profile trial – but 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.
“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.”
His payments to his lawyers for his criminal case aren’t the only ones the hip hop artist has to worry about in the future. Since his September 2024 arrest, Diddy has been hit with dozens of civil suits accusing him of sexual assault, harassment, making violent threats and more. His legal team has repeatedly slammed the lawsuits as a money grab and maintained his innocence.
“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.”
Billy Bennight/AdMedia Newscom/Mega Agency
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.
As the National Enquirer reported, Diddy was found guilty on two counts of transportation to engage in prostitution on July 2. He was found not guilty on his sex trafficking and racketeering related charges. He’d previously pleaded not guilty to all charges.
Following the verdict, Judge Arun Subramanian ruled that Diddy would not be released on bail as he awaits his sentencing hearing in October. He is set to remain in custody at the Metropolitan Detention Center in Brooklyn, New York.