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.

Read more: http://www.dailymail.co.uk/tvshowbiz/article-2758574/Puff-Daddy-purchases-swanky-40m-Holmby-Hills-estate-near-Playboy-Mansion-exclusive-LA-neighbourhood.html#ixzz3DikD2MwQ

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