Diddy ‘may be broke’ by the time he heads to court despite his billion-dollar fortune, expert claims

NEW YORK CITY, NEW YORK: It's no secret that Sean 'Diddy' Combs' world is falling apart at warp speed, and now one legal expert thinks his bank account might not survive the storm.

The disgraced hip-hop mogul is currently locked up in Brooklyn's Metropolitan Detention Center, awaiting trial on a laundry list of federal charges, including trafficking and racketeering.

While Diddy, 55, has vehemently denied all allegations and pleaded not guilty, former federal prosecutor Neama Rahmani says the Bad Boy Records founder is facing a financial bloodbath as he fights for his freedom.

Could Sean 'Diddy' Combs go broke?

Speaking to The Mirror US, Neama Rahmani didn’t sugarcoat the situation. "Despite his wealth and resources, Diddy may be broke by the time the victims see their day in court," she said.

Rahmani explained that the legal hurdles ahead could drain Combs’ fortune, estimating that defending himself could cost “tens or even hundreds of millions of dollars”—and that’s just for the criminal case. Things get even messier for the music mogul when you consider the multiple civil lawsuits against him.

Diddy has been hit with disturbing assault accusations in the civil cases—claims he has strongly denied.

Combs has spent decades building his billion-dollar empire, making his fortune through music, fashion, and high-profile business deals. He’s the founder of Bad Boy Records, had a major partnership with Ciroc vodka, and even had a stint in reality TV as the executive producer of MTV’s 'Making the Band'.

But with legal fees piling up and lawsuits coming at him from every direction, the big question is whether Diddy will still be a billionaire when this is all over.

Diddy’s lawyer Erica Wolff slammed the lawsuits as part of a “reckless media circus" and stressed that her client categorically denies every accusation.

"We cannot address every meritless allegation in what has become a reckless media circus," Wolff said.

She added about her client, "He looks forward to proving his innocence and vindicating himself in court if and when claims are filed and served, where the truth will be established based on evidence, not speculation."

Jay-Z walks free as case gets dropped

This comes as Diddy's former collaborator Jay-Z just scored a major legal win. A Jane Doe who had accused both Combs and Jay-Z of assault 25 years ago has officially withdrawn her lawsuit against them, CNN reported.

Filed on Friday, February 14, the notice of voluntary dismissal means the case is closed for good and it cannot be refiled in the future. "Counsel of Plaintiff have discussed this matter with counsel for each Defendant, who acknowledge and consent to this submission," the filing stated.

Jay-Z’s lawyer Alex Spiro wasted no time celebrating his client’s name being cleared.

"The false case against Jay-Z, that never should have been brought, has been dismissed with prejudice," Spiro said in a statement.

"By standing up in the face of heinous and false allegations, Jay has done what few can – he pushed back, he never settled, he never paid 1 red penny, he triumphed and cleared his name," he added.

Doe’s lawsuit was originally filed in October last year. It accused Combs of drugging and assaulting her at an afterparty for the MTV Video Music Awards in 2000 when she was just 13 years old. In December, Jay-Z—whose real name is Shawn Carter—was added to the case as a co-defendant.

Carter, however, refused to stay silent and called the allegations so extreme that he challenged Doe to file criminal charges instead of a civil suit.

"These allegations are so heinous in nature that I implore you to file a criminal complaint, not a civil one," Carter said at the time.