P. Diddy lost $1 million on a bet on Saturday morning (09.14.13).
The 'Come With Me' rapper, who has a net worth of $580 million, was forced to part ways with the huge sum of cash after losing a private game of Craps against rapper Rick Ross, 37, in the early hours of the morning but was quick to brush off his defeat.
According to video footage of the incident, which was posted on Instagram, the 43-year-old rapper suggested the loss meant nothing to him and added: "Suck My D**k B***h."
He later tweeted: "I just lost a million to @rickyrozay in the studio recording Big Homie."
P. Diddy recently launched a global talent search.
The rapper is looking for a young person aged between 13 and 25 to join his REVOLT TV network as a presenter, and has been personally evaluating the 15-second audition tapes submitted by applicants.
Diddy's online TV channel is launching in October and he's keen to hire the freshest and most innovative people to appear on it from anywhere around the world.
Anyone wanting to enter the talent search should upload their video via Twitter, Instagram, Vine, Vimeo, Facebook or YouTube with an #iamrevolt hashtag and another describing their musical style. The video must end by saying "I Am REVOLT" and be submitted before September 30.