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.
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