HE was one of the most powerful moguls in hip-hop history, linked to businesses worth millions and with a fortune of over a billion dollars. But, after being accused of rape and sexual abuse by his ex-girlfriend in November last year, Diddy's reputation lies in tatters and his multi-million dollar empire is crumbling. Since then, even more sordid accusations have emerged, culminating in the rapper’s arrest in September of this year on charges of sex-trafficking, racketeering and transportation to engage in prostitution.
He currently sat in jail after being denied bail at $50million (£38m) and is set to go to trial in May, where he could receive a sentence of 15 years to life. More than a hundred civil suits are also expected to be filed against the disgraced mogul in the coming weeks over allegations of sexual assault, covering a period from 1991 to 2004, with claims running into the millions of dollars. As lawyers’ fees mount, Diddy has already started to flog assets to cover costs - including his private jet, a Gulfstream G550, which he reportedly selling for $25million (£19m) after a judge threw out his bail plea on the grounds he is a "serious flight risk.
" The move spells the end of the extravagant and flashy lifestyle the rapper enjoyed for decades, thanks to a lucrative network of business built up over the years, that covered everything from alcohol to fashion. Speaking exclusively to The Sun, music industry insiders have given their view on the rapid collapse o.
