News: Diddy's $23,000,000 Beverly Hills Dream Home Comes To Life?

Sunday, Jan 13, 2013 11:26AM

Written by Cyrus Langhorne

Bad Boy Records CEO Diddy may be a New Yorker by heart, but the music mogul reportedly has his eyes on a $23 million Beverly Hills, California mansion.

According to reports, Puffy and renowned film producer Jerry Bruckheimer are both interested in the same luxury California crib.

real estate war could be brewing between a Bad Boy founder and a "Bad Boys" producer ... 'cause TMZ has learned Diddy is in the market for the same $23 million Bev Hills mansion that Jerry Bruckheimer is hoping to buy. Our real estate sources tells us ... Diddy is on the hunt for a brand new pad in certain upscale parts of L.A. ... and one of the homes on his radar is the famous 19,590-square-foot "Harry Cohn" estate in Beverly Hills. In fact, Diddy was photographed at the estate just a few days ago. Problem is ... Jerry Bruckheimer is also interested in the pad ... and as we previously reported, he put a $23 million offer on the house earlier this month. (TMZ)

If things do not pan out, Diddy may consider other suitable fancy spots in the area.

Bruckheimer is supposed to close on the house on January 17, but if Diddy decides he HAS to have it, he can still swoop in with a higher bid up until the last minute. But Jerry shouldn't panic just yet ... sources tell us Diddy probably won't make an offer because he was only planning on dropping $15 mil during this particular real estate venture (even gazillionaires got a budget). Meantime, sources tell us ... Diddy's been checking out a bunch of other swanky homes with real estate agent Kurt Rappaport -- including a $19 million crib in Bel Air ... with 10 bdrms, 11 baths, staff quarters, media room, wine cellar, sauna ... the works. It's unclear if he's planning to make an offer on that home ... but he could if he wanted to ... because he's really, really rich. (TMZ)

Back in November, the music mogul landed a Top 20 spot on Frobes' Highest-Paid Musicians of 2012 list.

10. Toby Keith ($55 million) 12. Rihanna ($53 million) 13. Lady Gaga ($52 million) 14. Foo Fighters ($47 million) 15. Diddy ($45 million) 15. Katy Perry ($45 million) 17. Kenny Chesney ($44 million) 18. Beyonce ($40 million) 19. Red Hot Chili Peppers ($39 million) 20. Jay-Z ($38 million) 21. Coldplay ($37 million) 22. Adele ($35 million) 22. Kanye West ($35 million) 24. Michael Buble ($34 million) 25. Sade ($33 million) (Forbes)

A couple months prior, Puff fell just short of topping the financial publication's "Hip Hop Cash Kings" rundown.

With $110 million in pretax earnings, Dr. Dre is this year's Hip-Hop Cash King--despite the fact that his long-awaited album, Detox, remains on the shelf. He's not the only one on the list who banks the bulk of his bucks outside the recording studio. Diddy ranks No. 2 with $45 million, thanks mostly to a share of profits from Diageo's Ciroc vodka; Jay-Z ranks third with $38 million, pulling in more than half his annual earnings from ventures including ownership stakes in cosmetics company Carol's Daughter, the Brookyln Nets and a joint venture with battery maker Duracell. (Forbes)

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