Hey everyone, I’ve got some juicy gossip for you today, courtesy of Jamie Foxx. According to Jamie, Diddy has filed for bankruptcy. Apparently, Diddy’s financial situation is so bad that he’s selling off his assets just to stay afloat. Celebrities—they’re just like us!
So, is Diddy broke? In my opinion, yes. Even though he owns millions of dollars in mortgages, we all have mortgages, right? They say he’s a billionaire, but he owes millions in mortgages. I don’t agree with including debt in net worth calculations. Debt should be subtracted from your net worth, not added.
Oh, and get this—Diddy is reportedly trying to sell his Los Angeles mansion for $70 million amid his recent legal troubles. Imagine 50 Cent being petty enough to buy it—that wouldn’t surprise me at all. That mansion has seen a lot for the culture. My friends and I were joking in our group chat about who would buy it. Does it come with secret rooms and cameras? You might have to break down the walls to make sure nothing’s watching you! But hey, $70 million for something historic? Maybe it’s worth it, maybe not. Good luck to whoever buys it.
It looks like P Diddy might be gearing up to sell Bad Boy Records. If you’ve been following the news, you know things have been pretty hectic for him lately. There’s word going around that Diddy is ready to let go of Bad Boy, and it’s creating quite a buzz. Rumor has it he’s already sold Revolt, and now people are speculating that selling Bad Boy might be his next move as he looks to step back from the spotlight. His team has put out a statement saying he hasn’t done anything wrong and that people are just trying to smear his name. But still, insiders claim that Diddy’s lavish lifestyle and legal troubles have taken a toll on his finances. To cover his debts, he’s reportedly selling off properties, luxury cars, and even some of his favorite possessions.
I don’t know why TikTok keeps blocking my videos, but anyway, back to Diddy. Remember a few weeks ago when he stepped down as chairman of Revolt? Now it seems that all the shares have been sold to the employees, making them the new owners. The big question is, did he really sell it or just shift the ownership temporarily? Only time will tell. If he did sell it to the employees, it’s a huge power move for them. The company’s future is uncertain, and we’ll have to wait and see how things play out.
Maybe stepping down and selling Revolt was the best decision for him, given the increased scrutiny he’s under. Reports say he sold all his shares of Revolt TV to an anonymous owner. While details are scarce, I have a theory. When Diddy first faced these allegations, he stepped down from Revolt for liability reasons. It makes me wonder if he sold the shares to himself under a different name. Revolt was the last major brand tied to Diddy—Sean John, Ciroc, and DeLeón Spirits are already gone. Honestly, it seemed inevitable. How did he know to send a private jet one way without being on it, leaving his kids behind? That’s wild. If I were left to be booked by DHS, I’d definitely be snitching.
It’s no surprise he’s selling his shares, especially with Diddy stepping down as chairman. When you think of Revolt, you think of Diddy. Now, with the new owner unknown, it looks like the company’s about to take a hit. If anyone has any idea what’s going on, especially if you’re business-savvy, fill me in. And let me know in the comments—do you think Diddy’s done for? Yes or no?
Jamie Foxx, being the good friend he is, didn’t just spill the beans but also offered some advice. He suggested Diddy find a cheaper way to party so he could still enjoy himself without burning through cash. It’s funny because I used to follow Diddy back in the day. One day, I decided to turn the tables and show up in town during the Town Car days. I had a Town Car. Not now, though. Foxx and Diddy were there. Diddy would come from New York to LA, and we couldn’t even get into the club because he was so famous. “D, we need to document this, Playboy,” Jamie said. Diddy was like, “Uh, yo, let him through,” and I got in. It might seem a bit all over the place, but trust me, it will all make sense.
So back in the day, I started hanging out with Puff. I told him, “Puff, I’ll throw you a party for 400 bucks.” He threw a party and then said, “Yo, Playboy, this party cost a million and a half dollars. We need to top this.” He got mad at me and said, “Playboy, don’t mess with me.” He called me one Saturday morning, saying, “Yo, Playboy, I’m in town. Make it happen.” I said, “Cool.” I respect Puff, but in LA, I’m known for throwing these cool little parties.
Puff always had a bit of a dangerous vibe, with all kinds of people following him. He arrived at my house in a convoy of SUVs, looking like the FBI was with him—it was crazy. On my dinner table, I had Kentucky Fried Chicken, but I put it in nice plates. We were at $208, and the party was lit. People were pointing out celebs, saying, “Oh, that’s the girl from that show and the guy from that show.” Puff was impressed. And there, just standing by the wall, was Jay-Z. Nobody even noticed him at first. Crazy, right?
Puff had a room, Missy Elliott had a room—it was wild. I knew I had to include this in my act. In my garage, I had a little stash of alcohol for the party. At one point, this guy with a busted jaw and a short dude walked in. The short dude said, “Yo, B, is it like this all the time, B?” I didn’t get it then, but later I found out who he was. He freestyled, and it was amazing. Everyone was just coming up back then, and someone said, “Yo, there’s the next big thing.”
I threw parties because Puff was such a big name in music. I had a studio at my house and would invite artists to collaborate. One night, Kanye came in and sang, “She says she wants some Marvin Gaye, some Luther Vandross.” I thought the song was whack, but when I came back, it was number one in the country.
I got nominated for Intuition, Love Changes, and Unpredictable. Winning a Grammy with Twista featuring Kanye and me on “Slow Jamz” was surreal. After Ray Charles came out, Kanye did “Gold Digger.” At 3 AM, he called me to the studio. I went down there, and Kanye took over the session. He sang, “I ain’t saying she a gold digger,” and I knew it was a hit. We worked on it, and soon, “Gold Digger” was everywhere.
That’s how I got into the game, collaborating with incredible artists like Kanye. It’s been an amazing journey.
