Latest news with #lavishlifestyle
Yahoo
3 days ago
- Business
- Yahoo
Sean Combs May Need to ‘Dial' Lavish Lifestyle ‘Back' as He Racks Up ‘Massive' Legal Bills: Source
Sean 'Diddy' Combs scored a victory when he was only found guilty of two out of five counts in his high profile trial – but the disgraced music producer is still facing a mountain of debts that could radically affect his lavish lifestyle in the future, according to a source. 'Even though it's looking likely he'll get to keep his assets, that doesn't mean it's smooth sailing from here on out,' a source exclusively dishes to the National Enquirer. 'His legal bills are going to be so massive it's hard to even estimate how many tens of millions he'll be on the hook for with that.' His payments to his lawyers for his criminal case aren't the only ones the hip hop artist has to worry about in the future. Since his September 2024 arrest, Diddy has been hit with dozens of civil suits accusing him of sexual assault, harassment, making violent threats and more. His legal team has repeatedly slammed the lawsuits as a money grab and maintained his innocence. 'Only time will tell what those will cost him, but people are predicting it will be a whole lot,' continues the source. 'He's used to living like a king, private jets, tons and tons of staff, throwing money around like it's nothing. But the reality is he won't have that kind of money anymore so he'll need to dial things back in a big way.' The court of public opinion could also be 'very unforgiving' to Diddy, which could affect his 'earning power' over the rest of his career – even if he manages to dodge a significant amount of prison time, the source speculates. 'Any good advisor is going to be telling him he needs to scale things way back once he's out,' the source adds. 'If he fails to listen and keeps his spending where it was at pre-trial, it could lead to disaster.' Earlier this month, celebrity financial advisor Devin White told the Enquirer that he thinks Diddy's 'Sean John business deals with Macy's and other stores are going to be finished' once everything is said and done. As the National Enquirer reported, Diddy was found guilty on two counts of transportation to engage in prostitution on July 2. He was found not guilty on his sex trafficking and racketeering related charges. He'd previously pleaded not guilty to all charges. Following the verdict, Judge Arun Subramanian ruled that Diddy would not be released on bail as he awaits his sentencing hearing in October. He is set to remain in custody at the Metropolitan Detention Center in Brooklyn, New York. Solve the daily Crossword


Daily Mail
10-07-2025
- Entertainment
- Daily Mail
Eamonn Holmes 'vows to go to war with ex Ruth Langsford in bitter divorce battle to fund his girlfriend Katie Alexander's lavish lifestyle'
Eamonn Holmes is reportedly vowing to give his new girlfriend Katie Alexander the same lavish lifestyle his ex Ruth Langsford enjoyed, with sources claiming he is willing to 'fight for what he deserves' in their divorce. After splitting from Ruth in 2024, Eamonn, 65, has found love again with girlfriend Katie, 43, and is now 'determined' to get his finances back in order, and is 'dragging his feet' in his divorce. This is in stark contrast to Ruth, who is thought to be desperate to finalise her split from Eamonn, having sought advice from lawyers to keep their £3.6million six-bedroom home in Surrey. A source told The Sun: 'Katie's been a rock to Eamonn throughout his ongoing divorce Eamonn's health is always a big concern and after a few tax blows lately, he is more determined than ever to get his finances back in order.' 'Eamonn feels hard done by in the divorce. He's dragging his feet because Ruth's got the house and they have a lot of other financials still to sort out between them. 'Eamonn knows his mobility issues are a worry. He needs a carer to help him get ready for work and that's expensive.' The insider added that Eamonn 'doesn't want to lose' Katie, and is keen to give her the 'kind of lifestyle she deserves.' Over the weekend, Katie was proudly at Eamonn's side as they attended his GB News colleague Nana Akua's engagement party. Having first grown close to Eamonn last summer, she showed off her glamorous transformation, with an insider added she's started seeking advice from stylists to be Eamonn's date at events. After his production company was hit by huge six-figure debts, it's also been reported that Eamonn is keen to add to his workload on GB News. Internal discussions are ongoing as Eamonn's GB News co-stars are bracing themselves for schedule changes. MailOnline has contacted a representative for Eamonn Holmes and Katie Alexander for comment. Last month, Eamonn removed his wedding ring, over a year since his spilt from Ruth. The TV couple shocked fans with their joint statement on May 25 2024 confirming the end of their 14 year marriage. And while Eamonn has embarked on a new relationship with new girlfriend Katie Alexander, he had continued to wear his gold band on his wedding finger. However, as he hosted a recent edition of GB News alongside co-star Ellie Costello, his ring was noticeably absent from his hand. While the presenter publicly ditched his jewellery for the on-air appearance, MailOnline understands that Eamonn does occasionally remove his ring. Eamonn has battled a number of health problems in recent years, including a double hip replacement surgery, slipped discs and ongoing spinal problems. It comes weeks after Ruth finally ditched her wedding ring almost a year after announcing their split. But since then, Ruth has resolutely kept her wedding and engagement rings on, even once declaring to a fan that she wouldn't remove them 'because I am still married.' On a recent episode of her ITV show Loose Women though, Ruth revealed the rings were off. Meanwhile, Eamonn's girlfriend Katie recently addressed a diamond ring on her wedding finger in new post shortly after going 'Instagram official' with their romance. The presenter and marriage guidance counsellor Katie have been dating since mid-2024, with engagement rumours swirling since December. And taking to her Instagram Stories, Katie posted a glowing selfie in a striped shirt, adding a playful thought bubble that read: 'Time for a coffee in between clients?' In the snap, a dazzling diamond ring was clearly visible - prompting questions from fans. But before any rumours could gather steam, Katie quickly shut them down. She clarified: 'Before anyone jumps to the #ringgate bandwagon, the camera is reversed so.... RightHandRingFinger!' In May, Eamonn fell off his chair live on air, shocking his GB News co-stars. As the camera focused on commentator Charlie Rowley at 6:15am, a crash could be heard off screen and the broadcaster's co-host Ellie Costello exclaimed 'oh my gosh.' Eamonn was then heard saying: 'I'm fine, fine, fine, carry on, carry on.' A stunned Charlie tried to continue but the early morning news programme cut to adverts seconds later. After an extended six-minute break, Eamonn returned to screens, joking: 'I'm still alive,' as he blamed the 'wonky' wheels on his chair. 'They're very wonky wheels on chairs we've got here, as a matter of fact we don't really like the chairs here,' he said to his co-host Ellie. 'It was a shock for me because I had a fall two weeks ago in my bathroom that hospitalised me and that hit me right in the back.'


CNN
03-06-2025
- Business
- CNN
How protests over designer handbags threw Mongolia into political crisis
Mongolia has been thrown into fresh political crisis with the country's prime minister announcing his resignation following weeks of protests sparked by his family's lavish displays of wealth. Young Mongolians had taken to the streets of the capital putting pressure on Prime Minister Oyun-Erdene Luvsannamsrai, who lost a vote of confidence in his government on Monday, before stepping down, according to international news agencies. Democratic Mongolia is a landlocked nation of just 3.5 million people sandwiched between authoritarian giants China and Russia, and the latest political crisis has put renewed scrutiny on the stability of the country's democracy. Here's what to know: The protests were triggered by social media posts that went viral showing the prime minister's 23-year-old son's lavish engagement proposal and their apparent extravagant lifestyle including helicopter-rides, an expensive ring, designer handbags and a luxury car. Suspicion grew over how the son accumulated such wealth – especially as Prime Minister Oyun-Erdene campaigned on being from a rural, not wealthy family. 'With no visible sources of income, their display of luxury bags, private travel, and high-end living was a blatant slap in the face to the average Mongolian citizen,' said Amina, 28, a member of protest group Ogtsroh Amarhan (Resigning is Easy). Amina, who wanted to go by one name for security reasons, said the protests go beyond the social media posts flaunting wealth, which she said were symptomatic of a widening disconnect between the ruling elite and everyday people. Deepening the anger is the rising cost of living, soaring inflation in the wake of Russia's war in Ukraine, and choking pollution in the capital that's home to half the population. 'The cost of living in Mongolia has skyrocketed — many people are paying nearly half of their monthly income in taxes while barely making enough to cover food, rent, or utilities. Most are not living paycheck to paycheck anymore — they're living loan to loan, debt to debt,' she said. Protesters have gathered in the capital Ulaanbaatar's central Sükhbaatar Square, in front of the Government Palace, almost daily for two weeks, calling for Oyun-Erdene to release his finances and resign. The Prime Minister's office called the allegations of financial impropriety 'completely unfounded.' 'The prime minister makes regular financial declarations annually in line with Mongolian law,' the office said in a statement to CNN. For decades, Mongolia has struggled with endemic graft and protests often break out over allegations that corrupt officials and business leaders were enriching themselves with public funds. Mass protests erupted in 2022 over a corruption scandal involving the alleged embezzlement of billions of dollars' worth of coal destined for China. Though analysts say there is no evidence of corruption by Oyun-Erdene, his son's social media posts deepened the frustration of a public long wary of their elected officials misusing public resources. 'I want a fair society where ordinary people have a voice, and where government officials are held accountable. Seeing so much inequality, injustice, and arrogance from those in power pushed me to speak up,' said Ariunzaya Khajidmaa, 23, a resident of Ulaanbaatar who joined the protests with her 2-month-old baby. Part of public frustration is that even when corruption cases are prosecuted, they are slow to work their way through the judicial system, leading some to question the independence of the judiciary. The 2024 Freedom House index said 'corruption and political influence in the daily work of judges remain concerns.' 'If you look at the corruption index, it has gone down. And one explanation is that, even though the Prime Minister has exposed a lot of the corruption cases, nothing has been done. So now everybody's looking at the judiciary,' said Bolor Lkhaajav, a Mongolian political analyst and commentator. The Prime Minister had tried to save his coalition government and parliament, called the State Great Khural, held a vote of confidence on Monday. Oyun-Erdene failed to secure enough votes and a parliamentary statement later announced in a statement that he had resigned, Reuters and the Associated Press reported. Chinese state media also reported the Prime Minister had resigned. Oyun-Erdene and his son have submitted themselves to Mongolia's anti-corruption agency and the prime minister said he would resign if the investigation uncovered any irregularities. CNN has reached out to the prime minister's office for comment. The protests are just 'the tip of the iceberg,' said Jargalsaikhan Dambadarjaa, a Mongolian broadcaster and political commentator, who pointed to some of the major economic shifts in the country. Oyun-Erdene, who was re-elected to a second term in 2024, had promised to diversify the country's economy, which is dependent on the mining industry accounting for about a quarter of GDP. Mongolia has huge deposits of coal, copper, gold and phosphorite, and about 90% of Mongolia's coal exports go to China. Oyun-Erdene's coalition government last year announced 14 new mega projects to boost economic growth, including cross-border railway connections and a major expansion of renewable energy. And one of Oyun-Erdene's signature policy centerpieces was establishing a national wealth fund, which the government said aimed to redistribute the country's assets to the people. The Sovereign Wealth Fund law, approved by parliament in April, allows the government to take a 34% stake in mines considered to have strategic mineral deposits, meaning they are vital for the country's economy and development. There are currently 16 such sites and the profits will go into the fund, with portions allocated to benefitting Mongolian people including through financial assistance, healthcare, education, and housing, according to public broadcaster Montsame. The move has not sat well with the country's wealthy and powerful mining elite. 'These people, they are now at the edge of losing their power - huge money - which created huge inequality in the country. So they are fighting to the death against this government,' said Jargalsaikhan. Mongolia has been a parliamentary democracy since its democratic revolution in 1991. But the years since have seen multiple governments toppled, or leaders shuffled. This instability has led some Mongolians to believe the powers of President Khurelsukh Ukhnaa, who is head of state, should be extended. Currently, the president can only serve one six-year term. 'In this mosaic, those who are supporting presidential power argue that, look at Russia and China, they are one-man presidential powers and they are very stable. They say, we tried this parliamentarian system and it looks like it doesn't work. That's their idea,' Jargalsaikhan said. Khurelsukh has repeatedly said he does not want to change Mongolia's parliamentary democracy. However, some believe amending the constitution to extend presidential term limits is on the table. 'It's a very crucial time, a very delicate time, and it's another test to our democracy,' said Jargalsaikhan. 'Freedom comes only with the parliamentary system… If we don't do that, we will be another failed economy, a failed nation.' In a statement, the prime minister's office said, 'there has been a deliberate attempt to undermine' the reforms of the coalition government by a 'hostile campaign' that would 'turn Mongolia away from a parliamentary democracy and return power and wealth to a small group driven by self-interest.' Analysts say Mongolia needs to show it can have stable governance so it can attract broader foreign investment and reduce its economic dependence on China and Russia. Khurelsukh last year welcomed Russian President Vladimir Putin for an official visit to Mongolia, a trip condemened by Ukraine. The visit was Putin's first to a member country of the International Criminal Court which had issued an arrest warrant for Putin on charges on war crimes. 'A lot of the governments that are looking at Mongolia as an oasis of democracy between Russia and China, so they want to trust us, but at the same time, you have to show some accountability and stability for other governments to say, okay, Mongolia is getting better,' said Bolor. Those on the streets say they are tired of political games and want to see tangible improvements to their daily lives. 'We want stronger anti-corruption measures, public officials who are held to ethical standards, and a system that ensures no one is above the law,' said Ariunzaya. 'It's time for the government to listen to its citizens and take meaningful, lasting action—not just offer words.' CNN's Alysha Bibi contributed reporting.
Yahoo
01-06-2025
- Business
- Yahoo
Brunei's sultan released from Malaysian hospital
KUALA LUMPUR, Malaysia (AP) — Brunei's Sultan Hassanal Bolkiah, one of the world's wealthiest men and its longest-reigning sitting monarch, was discharged from a Malaysian hospital five days after he was admitted for fatigue. Brunei's government said on social media late Saturday that the 78-year-old monarch has moved to a Kuala Lumpur hotel, where he will spend a few days resting before returning home. Brunei's information department posted pictures on Facebook of the sultan walking into the hotel lobby with his wife, and in a room with family members including his wife and two of his sons. Sultan Hassanal was attending an annual summit o f the Association of Southeast Asian Nations in Kuala Lumpur when he was hospitalized Tuesday at the National Heart Institute. His office has said that he was in 'good health' but feeling tired and is resting following advice from Malaysian medical experts. Sultan Hassanal has ruled his tiny oil-rich kingdom for over 57 years, and led it to gain full independence from Britain in 1984. He also holds the posts of prime minister, finance minister, defense minister and minister of foreign affairs. He is famed for his lavish lifestyle, owning a huge collection of expensive and rare cars, and lives in a 1,788-room palace that is the world's largest private home. He is also known for introducing strict Islamic criminal laws that call for amputating limbs and stoning convicts to death.

Associated Press
01-06-2025
- Business
- Associated Press
Brunei's sultan released from Malaysian hospital
KUALA LUMPUR, Malaysia (AP) — Brunei's Sultan Hassanal Bolkiah, one of the world's wealthiest men and its longest-reigning sitting monarch, was discharged from a Malaysian hospital five days after he was admitted for fatigue. Brunei's government said on social media late Saturday that the 78-year-old monarch has moved to a Kuala Lumpur hotel, where he will spend a few days resting before returning home. Brunei's information department posted pictures on Facebook of the sultan walking into the hotel lobby with his wife, and in a room with family members including his wife and two of his sons. Sultan Hassanal was attending an annual summit o f the Association of Southeast Asian Nations in Kuala Lumpur when he was hospitalized Tuesday at the National Heart Institute. His office has said that he was in 'good health' but feeling tired and is resting following advice from Malaysian medical experts. Sultan Hassanal has ruled his tiny oil-rich kingdom for over 57 years, and led it to gain full independence from Britain in 1984. He also holds the posts of prime minister, finance minister, defense minister and minister of foreign affairs. He is famed for his lavish lifestyle, owning a huge collection of expensive and rare cars, and lives in a 1,788-room palace that is the world's largest private home. He is also known for introducing strict Islamic criminal laws that call for amputating limbs and stoning convicts to death.