Sean Diddy Combs isn't the billionaire he appears to be. His wealth is mostly tied up in real estate and mortgages, not liquid cash, and he never owned brands like Cîroc or DeLeon, only served as an affiliate. His flashy spending is largely tax write-offs.
Chapters
Y'all, they said that Diddy is not as cash rich as y'all thought. Um, I would shout out to, uh, Tisa Tells. She was talking about how the banks are putting him on blast for owing money because he's not cash rich, he's real estate rich. He has properties, so he'll keep get, you know, financing his mortgages and stuff like that in order to keep himself afloat. I told y'all that he didn't have the money that everybody thinks he have. Y'all up here He our only billionaire. No, he's not a billionaire. It's cap. It's all been cap. He didn't even own DeLeon or Ciroc or any of those companies that he was just an affiliate for. But he made y'all think that he was owning and he had it like that. The same thing as him taking Young Miami shopping and having y'all think he's spending all of this money when really it's just a way for him to get tax write-offs. Child, Diddy been out here playing in everybody's faces.