It's still "All About the Benjamins" in the case of Sean Combs. According to TMZ, Puff Daddy splurged big time on a new home in the Los Angeles area. We're talking $40 million.

The European villa that Puff bought is actually near the home that Michael Jackson used to live at. MTV Cribs might want to pay him a visit. His new home consists of 8 bedrooms and 11 bathrooms. The main house is 17,000 square feet and the guesthouse is 3,000 square feet itself. In addition to all that, Puff Daddy has a spa of his own, which has a steam room, massage room, and a beauty salon for all the glamorous girls out there.

To top it off, this house is fairly new. It was built only six months ago.