Last week we reported that Diddy had recorded a vlog on YouTube in which he said he had to stop using his personal jet because the price of gas was too high and he couldn’t afford it. He made several references to the fact that he owned a jet and left no doubt that he was claiming he did, saying:

“As you know, I do own my own jet and I have been having flying back and forth to LA pursuing my acting career.

“Now, if I’m flying back and forth, like, twice in a month that’s like $200,000 or $250,000 round trip. **** that. I’m back on American Airlines right now, OK.”

Diddy implored his “Saudi Arabian brothers and sisters” to “please send me some oil for my jet I would truly appreciate it.” [Emphasis added]

The thing is, Diddy doesn’t own that jet. He just owns a percentage of it, like a time share. And he overestimated the cost of flying by like 100% considering that it costs about $100,000 to fly coast to coast two times, not $200k or more.

When rap mogul Sean Diddy Combs told the world via video that he quit flying in his private jet because fuel’s too darn expensive, dude forgot to level with his peeps.

There is no private jet!

A thorough review of federal records shows that no plane in this country is registered to a Sean Combs or any of the part-time Miami Beach resident’s numerous companies, including clothier Sean John and his music company, Bad Boy Entertainment.

One private aviation source scoffed: “It’s my jet this, my jet that. I have list of every plane with the name of the owner, and he’s not on it…”

The private aviation spy said Diddy’s math is off. Flying back and forth to the Left Coast twice would set him back $100,000, even with pricey fuel.

“The truly rich aren’t affected by oil when it comes to private planes,” said the private aviation source in Palm Beach. “Monthly payments on a $20 million-plane and crews are expensive.”

The hip-hopper’s publicist in New York said Combs, 38, swears Combs is the fractional owner of a NetJets plane.

That company sells flight hours on private jets and calls it “fractional ownership.”

[From Palm Beach Post]

Boo hoo Diddy, you can’t afford your timeshare jet anymore! Time to go fly first class where your ass is catered to and you get more leg room than an entire five person family in coach! Asshole. Most people would be super grateful to even fly business class and you’re bitching about first class. What a shame. Meanwhile my family is rich - they get a whole week beachside in Miami every year. They may as well own the entire resort according to Diddy’s logic. Next they’ll be complaining that they can’t afford to pay the gas for that cruise ship they own - or did a five day jaunt on to the Caribbean - what’s the difference?

Diddy is shown performing at the Toronto Film Festival on 9/5/08. Credit: Robin Wong / PR Photos