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Economic Times
25-05-2025
- Entertainment
- Economic Times
From private jet to 10-bedroom mansion, Sean 'Diddy' Combs may lose more than just his freedom if convicted
Agencies Sean 'Diddy' Combs Sean "Diddy" Combs may lose lot more than his freedom if convicted in the sex-crimes trial, according to a report of USA Today. According to prosecutors, Combs used his fame and fortune to create a deviant empire of exploitation, coercing women into abusive sex parties while silencing victims through blackmail and violence, including kidnapping, arson and beatings. Alongside the criminal case, prosecutors allege that Combs operated a racketeering enterprise spanning from 2008 to the present. As per the report, the three-time Grammy winner is battling a Justice Department forfeiture action that threatens to dismantle his multimillion-dollar in 2024, Forbes estimated Combs' net worth at $400 million, significantly less than 2019 estimation of $740 million. Here's what the rapper stands to lose if convicted. Real Estate As per the report of USA Today, Combs' most valuable property is a 17,000-square-foot, 10-bedroom mansion in Los Angeles' exclusive Holmby Hills, appraised at more than $61 million. The residence was raided earlier this year as part of the federal investigation and listed for sale in September 2024. He also owns a 9,600-square-foot estate in Toluca Lake, California. A $48 million waterfront mansion at 2 West Star Island in Miami, along with the adjacent property at 1 West Star August 2024, Combs paid off an $18.9 million mortgage on the Miami property to use it as collateral in a failed bid for bail, the report Jet Combs owns a Gulfstream G550 jet—nicknamed "LoveAir"—valued at over $25 million. He reportedly rents it out and is seeking to sell it to cover mounting legal costs. Bad Boy Records and Business Empire Bad Boy Records, the iconic label Combs founded in 1993, could also be subject to forfeiture. The label continues to earn from music royalties and publishing broader business holdings, under Combs Global (formerly Combs Enterprises), include: Bad Boy Entertainment Combs Wines and Spirits AQUAhydrate Revolt Media Sean John fashion and fragrances Capital Preparatory Charter Schools The Sean Combs Foundation His newer ventures include Empower Global, Our Fair Share, and Love Records, focusing on R&B. Art Collection Combs is believed to own an impressive collection of contemporary art. In 2018, he was revealed as the mystery buyer of Kerry James Marshall's acclaimed painting Past Times, which sold for $21.1 million. His collection reportedly includes works by Jean-Michel Basquiat and Keith Haring. Luxury Cars At one point, Combs owned a fleet of at least 20 high-end vehicles, including Rolls-Royce, Bentley, Ferrari, Lamborghini, and the ultra-luxurious Mercedes-Maybach.
Yahoo
23-05-2025
- Entertainment
- Yahoo
Sean Combs Could Lose a $21 Million Kerry James Marshall Painting if He's Found Guilty
According to multiple reports this week, rapper and record executive Sean Combs may see many of his assets seized by the Department of Justice if he is found guilty of sex trafficking, a charge that he has denied. Among those assets are art that he owns—including a prized Kerry James Marshall painting that he won at auction in 2018. That painting, Past Times (1997), appeared in Marshall's traveling retrospective and was won by Combs, also known by the moniker Diddy, at Sotheby's. The painting sold in 2018 for $21.1 million with fees, setting an auction record for Marshall and making him one of the most expensive living artists. More from Robb Report Emma Stone Seeks $26.5 Million for Her Unfinished Austin Estate Porsche Is Ending Production of Its Gas-Powered Boxster and Cayman Julia Roberts's Former Hawaii Hideaway Can Be Yours for $30 Million ARTnews previously reported that Swizz Beatz, a collector in his own right, had encouraged Combs to buy the Marshall painting. 'I was like, 'This Kerry James Marshall has to stay in the culture,'' Beatz said. The depth of Combs's collection is not entirely known, but Artnet News reported in 2014 that he was actively buying work, with Maria Brito as his adviser. 'I don't want to take credit for bringing him into the art world,' Brito said in a profile for the Daily Beast, 'but before me he didn't really have any art…He never had a chance for someone to explain things to him in a way that would engage his mind, like how to look at contemporary and conceptual art.' But by 2024, with five civil suits pending against Combs, Artnet was speculating that he might soon sell art, not buy it. 'I don't think he plans on selling anything,' Brito told Artnet in that report, which noted that he had bought a Tracey Emin piece for $95,000, as well as pieces by Random International and Brett Murray. Best of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
Hamilton Spectator
10-05-2025
- Business
- Hamilton Spectator
‘Forget about annexation': Moose Jaw hopes tariffs will lure Canadians and Americans
MOOSE JAW - The underground tunnels in Canada's most notorious city have always been open to Americans, including rumoured hotshot gangsters – and they want to keep it that way. The Tunnels of Moose Jaw, along with other businesses in the city of roughly 35,000 people west of Regina, say they're in line with a new campaign to welcome Canada's southern neighbours at a time when tariffs have pushed elbows up. It's not personal, it's just business. 'It's typical of Moose Jaw, this open arms approach,' said Bobby Hill, general manager at the tunnels, in a recent interview. 'We historically have been known as The Friendly City.' Mayor James Murdock launched the campaign in March, using U.S. President Donald Trump's tariffs as an opportunity to welcome Americans and others to the city. 'Forget about annexation, come for relaxation,' Murdock says in a cheeky promotional video. The mayor, who was not available for an interview, has said the city is concerned about tariffs and pointed out the U.S. dollar is 'trumping' Canada's, allowing Americans to stretch their dollars further. Business owners say Canadians can take advantage of the savings by not spending their money down south. At the tunnels, visitors are taken through a depiction of the 1920s, where bootleggers, gamblers and gangsters run illegal activities underground. Urban legend says Al Capone, the notorious Chicago mobster, frequented Moose Jaw during Prohibition. But there is no definitive proof he ever came to the city. Hill said summer is the busiest time for the tunnels, which see about 70,000 patrons a year. About 20 per cent of visitors are American. 'I'm not too sure how (the tariffs) will really impact our business,' Hill said. 'We do hope that Canadians will start to think about domestic travel a little bit more, but we don't want to forget about our American friends.' Next door to the tunnels, Mike Thul runs the Past Times Old Time Photography and Gifts store. Visitors come for photoshoots and dress up in 1920s clothing, including flapper dresses, fedoras, fans, cigarettes and tommy guns. 'You read about Al Capone. He wasn't a good person and here we are promoting that,' Thul joked. 'But I guess it's working for us. Got to cash in somehow.' He said he's heard from friends and family who plan to avoid the United States this summer. 'I do see it as a benefit. I also think more Americans will come here,' Thul said. Moose Jaw recently hosted the BKT World Men's Curling Championship, which drew in thousands of spectators from across the globe. 'They were spending,' Thul said of the Americans who visited. But the trade dispute may have tangible effects on other businesses. Yvette Moore, the owner of Yvette Moore Gallery, said tariffs might push up frame prices, but it hasn't yet been a problem. 'I've been surprised with the sales we've had in the last few months,' Moore said. Crystal Milburn from the Prairie Bee Meadery said tariffs may eventually affect the company's giftware and bottle caps. She also has concerns about consumer spending should Canada and the U.S. go into a recession. 'I tend to be a pretty optimistic person. I like to think that we're going to find a way through no matter what happens,' Milburn said. She said there's a difference between Americans and the Trump administration. 'Your average American on the street isn't the one causing the problems,' Milburn said. 'We absolutely want to see you, we want you to visit, we want you to come and get to know Canada as Canada.' This report by The Canadian Press was first published May 10, 2025.
Winnipeg Free Press
10-05-2025
- Business
- Winnipeg Free Press
‘Forget about annexation': Moose Jaw hopes tariffs will lure Canadians and Americans
MOOSE JAW – The underground tunnels in Canada's most notorious city have always been open to Americans, including rumoured hotshot gangsters – and they want to keep it that way. The Tunnels of Moose Jaw, along with other businesses in the city of roughly 35,000 people west of Regina, say they're in line with a new campaign to welcome Canada's southern neighbours at a time when tariffs have pushed elbows up. It's not personal, it's just business. 'It's typical of Moose Jaw, this open arms approach,' said Bobby Hill, general manager at the tunnels, in a recent interview. 'We historically have been known as The Friendly City.' Mayor James Murdock launched the campaign in March, using U.S. President Donald Trump's tariffs as an opportunity to welcome Americans and others to the city. 'Forget about annexation, come for relaxation,' Murdock says in a cheeky promotional video. The mayor, who was not available for an interview, has said the city is concerned about tariffs and pointed out the U.S. dollar is 'trumping' Canada's, allowing Americans to stretch their dollars further. Business owners say Canadians can take advantage of the savings by not spending their money down south. At the tunnels, visitors are taken through a depiction of the 1920s, where bootleggers, gamblers and gangsters run illegal activities underground. Urban legend says Al Capone, the notorious Chicago mobster, frequented Moose Jaw during Prohibition. But there is no definitive proof he ever came to the city. Hill said summer is the busiest time for the tunnels, which see about 70,000 patrons a year. About 20 per cent of visitors are American. 'I'm not too sure how (the tariffs) will really impact our business,' Hill said. 'We do hope that Canadians will start to think about domestic travel a little bit more, but we don't want to forget about our American friends.' Next door to the tunnels, Mike Thul runs the Past Times Old Time Photography and Gifts store. Visitors come for photoshoots and dress up in 1920s clothing, including flapper dresses, fedoras, fans, cigarettes and tommy guns. 'You read about Al Capone. He wasn't a good person and here we are promoting that,' Thul joked. 'But I guess it's working for us. Got to cash in somehow.' He said he's heard from friends and family who plan to avoid the United States this summer. 'I do see it as a benefit. I also think more Americans will come here,' Thul said. Moose Jaw recently hosted the BKT World Men's Curling Championship, which drew in thousands of spectators from across the globe. 'They were spending,' Thul said of the Americans who visited. But the trade dispute may have tangible effects on other businesses. Yvette Moore, the owner of Yvette Moore Gallery, said tariffs might push up frame prices, but it hasn't yet been a problem. 'I've been surprised with the sales we've had in the last few months,' Moore said. Crystal Milburn from the Prairie Bee Meadery said tariffs may eventually affect the company's giftware and bottle caps. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. She also has concerns about consumer spending should Canada and the U.S. go into a recession. 'I tend to be a pretty optimistic person. I like to think that we're going to find a way through no matter what happens,' Milburn said. She said there's a difference between Americans and the Trump administration. 'Your average American on the street isn't the one causing the problems,' Milburn said. 'We absolutely want to see you, we want you to visit, we want you to come and get to know Canada as Canada.' This report by The Canadian Press was first published May 10, 2025.
Yahoo
10-05-2025
- Business
- Yahoo
'Forget about annexation': Moose Jaw hopes tariffs will lure Canadians and Americans
MOOSE JAW — The underground tunnels in Canada's most notorious city have always been open to Americans, including rumoured hotshot gangsters – and they want to keep it that way. The Tunnels of Moose Jaw, along with other businesses in the city of roughly 35,000 people west of Regina, say they're in line with a new campaign to welcome Canada's southern neighbours at a time when tariffs have pushed elbows up. It's not personal, it's just business. 'It's typical of Moose Jaw, this open arms approach,' said Bobby Hill, general manager at the tunnels, in a recent interview. 'We historically have been known as The Friendly City.' Mayor James Murdock launched the campaign in March, using U.S. President Donald Trump's tariffs as an opportunity to welcome Americans and others to the city. 'Forget about annexation, come for relaxation,' Murdock says in a cheeky promotional video. The mayor, who was not available for an interview, has said the city is concerned about tariffs and pointed out the U.S. dollar is 'trumping' Canada's, allowing Americans to stretch their dollars further. Business owners say Canadians can take advantage of the savings by not spending their money down south. At the tunnels, visitors are taken through a depiction of the 1920s, where bootleggers, gamblers and gangsters run illegal activities underground. Urban legend says Al Capone, the notorious Chicago mobster, frequented Moose Jaw during Prohibition. But there is no definitive proof he ever came to the city. Hill said summer is the busiest time for the tunnels, which see about 70,000 patrons a year. About 20 per cent of visitors are American. 'I'm not too sure how (the tariffs) will really impact our business,' Hill said. 'We do hope that Canadians will start to think about domestic travel a little bit more, but we don't want to forget about our American friends." Next door to the tunnels, Mike Thul runs the Past Times Old Time Photography and Gifts store. Visitors come for photoshoots and dress up in 1920s clothing, including flapper dresses, fedoras, fans, cigarettes and tommy guns. 'You read about Al Capone. He wasn't a good person and here we are promoting that," Thul joked. "But I guess it's working for us. Got to cash in somehow." He said he's heard from friends and family who plan to avoid the United States this summer. 'I do see it as a benefit. I also think more Americans will come here,' Thul said. Moose Jaw recently hosted the BKT World Men's Curling Championship, which drew in thousands of spectators from across the globe. 'They were spending,' Thul said of the Americans who visited. But the trade dispute may have tangible effects on other businesses. Yvette Moore, the owner of Yvette Moore Gallery, said tariffs might push up frame prices, but it hasn't yet been a problem. 'I've been surprised with the sales we've had in the last few months,' Moore said. Crystal Milburn from the Prairie Bee Meadery said tariffs may eventually affect the company's giftware and bottle caps. She also has concerns about consumer spending should Canada and the U.S. go into a recession. 'I tend to be a pretty optimistic person. I like to think that we're going to find a way through no matter what happens,' Milburn said. She said there's a difference between Americans and the Trump administration. 'Your average American on the street isn't the one causing the problems,' Milburn said. 'We absolutely want to see you, we want you to visit, we want you to come and get to know Canada as Canada.' This report by The Canadian Press was first published May 10, 2025. Jeremy Simes, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
