P. Diddy will spend more than $3.5 million on a party to celebrate his inauguration on the Hollywood Walk of Fame, reported People.
The hip hop star has hired 20 people to organise the event which takes place on Friday (May 2).
A source stated, "It’s a huge honour for P. Diddy to be recognised in Hollywood. He came from Harlem and on Friday the creme de la creme of Hollywood will salute him."
Some big names on the guest list include Tom Cruise and Katie Holmes, Pharrell Williams, Eva Longoria, and David and Victoria Beckham.