Sean Combs’s Son Lands $54,000 Scholarship, While Dad Brags About Dropping $2M at Strip Clubs
Sean Combs’s eldest son, Justin Dior Combs, 18, graduated from a prestigious private high school yesterday in New York. Combs, aka Puff Daddy, couldn’t be more proud of his first born’s achievement.
While other parents frown at the news that Justin, an All-Star Senior prep athlete, was awarded a $54,000 scholarship to play football at UCLA in California, Combs shrugs off the criticism.
A classic narcissist, Combs believes that his son is entitled to everything in life — even if it comes at the expense of others who are more deserving.
Justin wasn’t exactly born with a golden spoon in his mouth when broke party promoter Puffy knocked up girlfriend, Misa Hylton-Brim. The golden spoon would come later.
Little Justin, who has restaurants named after him, soon lived the good life, with all the trappings of success, after Combs struck it rich with with his imprint Bad Boy Records.
An insecure man with rumored, shall we say, shortcomings, Sean Combs lives to brags about his riches.
And the apple doesn’t fall far from the tree.
Twitter FAIL: Pay Your Bills, Diddy
Rap mogul Sean Combs must have been bored upon returning to the U.S. from Cannes, France yesterday. The 42-year-old music producer took to his Twitter page to show off his millionaire status to his working stiff followers.
HONEYMOON OVER: Facebook Opens BELOW IPO Price
Facebook co-founder Mark Zuckerberg, 28, married his longtime girlfriend, Priscilla Chan, in a secret ceremony at their $7 million Palo Alto, CA home on Saturday — one day after his Facebook IPO made him $10 billion dollars richer.
But the Zuckerbergs’ honeymoon is already over.
Just 2 days after Facebook’s Wall Street underwriters scrambled to purchase over 300 million shares to keep Facebook’s IPO afloat at $38, the stock opened 2 percent lower in pre-market trading this morning.
The social network made history with it’s initial public offering on Friday, but Morgan Stanley, Facebook’s chief underwriter, was forced to buy millions of shares to keep the stock at it’s opening price. While that type of stock manipulation may sound illegal, it is perfectly legal according to Wall Street analysts.
Now there are new concerns that Facebook stocks will start trading at below it’s IPO value when the bell rings on Wall Street at 9:30 a.m. If that happens, small time investors who purchased the stock on Friday will lose big.
More from Sandrarose.com:
FACEBOOK UNDERPERFORMS: If you bought Facebook stock today, be very afraid!
Despite media hype and early projections for the initial public offering of Facebook stock, the IPO was a dud.
The national media predicted hundreds of millions of Facebook users would snap up the stocks in an uncontrolled feeding frenzy, making the IPO even more successful than Google and Apple’s initial stock offerings.
But the forecasted estimates fell short of expectations, and the media was left with egg on their faces.
Initial stockholders (who bought into the company years ago) unloaded 421 million shares today for earnings of about $9 billion. CEO Mark Zuckerberg was among those dumping his shares today. He walked away with an estimated $1.15 billion — on paper, at least.
Despite selling off his shares, Zuckerberg remains Facebook’s biggest shareholder with 56% control over his company (503.6 million shares).
Deion Sanders Ordered to Pay Pilar Sanders $10.5K Per Month, $275K in Legal Fees
It isn’t all bad news for socialite Pilar Sanders, who was tossed into a Texas jail last month for assaulting her estranged husband, NFL great Deion Sanders.
According to ABC News, Sanders, 44, has been ordered by a Texas court to pay 38-year-old Pilar $10,500 per month in child support for their three children and $275,000 in legal fees.
Sanders filed for divorce from Pilar in December after finding love in the arms of songwriter Babyface’s ex-wife, Tracey Edmonds.
But Pilar is a bitter, vindictive woman who decided not to move out of Deion’s sprawling $5.7 million Prosper, Texas mansion, despite the fact that Pilar reportedly has her own home in Celina, Texas.
Usher puts Tameka Foster’s home on the market
R&B crooner Usher Raymond recently put the palatial mansion that he once shared with ex-wife Tameka Raymond on the market — and he’s giving her 60 days to vacate the premises.
Public records show the 33-year-old singer purchased the home in 2007 (the year he married Tameka) for $3,040,000. But the value of the home has dropped over a million dollars in recent years.
Usher filed for divorce from Tameka in 2009 after living apart for over a year. He moved to the west coast and let Tameka stay in the mansion with their sons, 4 and 3, and her sons from previous relationships. But the terms of their divorce allows Usher to sell the mansion whenever he wants to.
Friends say Usher is tired of sinking thousands of dollars into the mansion for its daily upkeep. He wants Tameka out so he can unload the pricey property and cut his losses.
Judge OK’s $100M lawsuit against Beyonce; Slams her lawyers for diva behavior
A Manhattan judge is tired of Beyonce thinking she is above the law. The judge is allowing a video game company to proceed with a $100 million dollar lawsuit against the struggling singer, according to Page Six.
In court documents, the Gat Five company contends they were forced to lay off 70 employees when Beyonce walked away from a $20 million video game deal in 2010.
According to Page Six, Gate Five said it was scheduled to sign a deal with its financier on Dec. 6, 2010 — and they claim Beyoncé knew that the financing was set when she sashayed away from the agreement without warning on Dec. 3.
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