Puff Daddy is reportedly the newest homeowner in the prestigious Holmby Hills neighbourhood.
The
music mogul, who's estimated net worth is $700m, recently closed escrow
on a $40m estate in the exclusive Los Angeles enclave where Michael
Jackson died and where Hugh Hefner currently resides.
According to the Los Angeles Times, the property comes with a 17,000-square-foot two-story main house and 3,000-square-foot guesthouse.
New homeowner: Puff Daddy, 44, recently closed
escrow on a $40m estate in the exclusive Los Angeles enclave where
Michael Jackson used to live and where Hugh Hefner currently reside
Puff Daddy, 44, acquired the sprawling European style villa which houses eight bedrooms and eleven bathrooms.
The lavish amenities include a steam room, massage room, beauty salon, 35-seat theater, gym and wine room.
And TMZ reported the house is brand new and was only built six months ago.
Lavish grounds: The more than one acre grounds
comes with a 17,000-square-foot two-story main house and
3,000-square-foot guesthouse
Diddy
will soon be relaxing in the lagoon style swimming pool that comes with
a grotto connected by an underwater swimming tunnel
The father-of-five has been in the market for a place to live in the area for many years now.
He
has many successful business ventures aside from his music fortunes
which encompass a clothing line, vodka brand and digital cable
television network.
