The accusations, which Combs has vehemently denied, prompted further claims from other individuals, including allegations of sex trafficking, racketeering, and misconduct involving a minor.
On September 16, 2023, Combs was arrested in connection with these accusations and is currently awaiting trial. His legal team is currently fighting for bail ahead of his federal trial, which is scheduled for May 5, 2025.
In an effort to generate funds, Combs has listed his prized Gulfstream 550 private jet for sale. The sleek, all-black jet, worth an estimated $60 million, can fly up to 6,500 miles without needing to refuel. It has become a symbol of his extravagant lifestyle, but due to his legal troubles, Combs is reportedly looking to sell it to raise money.
The jet is also available for rent on luxury charter websites, such as Victor, at a cost of up to $432,000 for a long-haul flight, providing a potential revenue stream for the embattled mogul.
In addition to the jet, Combs is also trying to sell his Beverly Hills mansion, a 10-bedroom, 13-bathroom property he listed for $61.5 million after it was raided by Homeland Security in March 2024.
The raid, which uncovered suspicious items and prompted concern, has made potential buyers hesitant, and while there have been inquiries, no serious offers have been made yet.
As Combs navigates his legal issues, including multiple serious charges and a trial looming, he is attempting to mitigate his financial strain through these high-value assets. However, with his reputation tarnished and ongoing legal battles, it remains to be seen whether he can find the buyers he needs to regain financial stability.