Diddy Says Ante Up, "Tickets For [His] Post-Grammys After Party Top Out Around $50K Each"

Rap mogul Diddy is reminding fans just how much of an executive lifestyle he lives with reports claiming tickets for his post-Grammy Awards afterparty next month are going for up to $50,000 each.

According to reports, even the least expensive ticket starts at over $1,000.

If you wanna party with Diddy at the Playboy Mansion, you better be freakin' LOADED -- because TMZ has learned, tickets for the rapper's post-Grammys after party top out around $50,000 each. The cheapest ticket is a slightly more affordable $1,500 and they go up from there -- $15,000, $25,000 ... all the way up to $50,000 -- depending on what services you may require at the black tie affair. Sources connected with the party promoters tell TMZ, the $50,000 Monster Cabana ticket gets you 2 cabanas, VIP admission for 20 people, buffet dinner, open bar, free bottle service ... and 15 dedicated female promotional models. Thankfully, it's all for a good cause -- the party's proceeds will go to benefit the Angelwish Foundation for children afflicted by HIV/AIDS. (TMZ)

This year's Grammys ceremony will be hosted by rap veteran LL Cool J.

For the first time in seven years, the 2012 Grammy Awards will have an official host this year, and has asked two-time Grammy winner LL Cool J to do the honors. The rapper, who turned 44 this week, has hosted the live Grammy nominations concert show each year since 2008. This is his first time taking the reins of the award show itself. (People)

While LL will get the party going, performances by music stars like Nicki Minaj will also bring a hip-hop vibe to the ceremony.

The performer roster for the upcoming 54th annual Grammy Awards? is beginning to fill out and Nicki Minaj and Taylor Swift are among the nominated ladies who will take the stage on the show. They'll have plenty of help from some of this year's other nominees, as Kelly Clarkson, the Foo Fighters, Bruno Mars and Jason Aldean will also sing on the show. The show, which airs live on CBS on February 12, will mark the first Grammy performance for Aldean and Minaj. The Foos and Mars will go into the night with six nominations each, while Minaj is vying in four categories, including Best New Artist?, where she'll face off against Bon Iver, Skrillex, J. Cole and the Band Perry. (MTV)

Rap star Kanye West leads this year's ceremony with the most Grammy nominations.

Adele is up for six Grammys including song and record of the year, for Rolling in the Deep, and best album, for 21. Rapper Kanye West leads the field with seven, while Bruno Mars and the Foo Fighters also have six each. Mars, also up for best song, record and album, said; "It feels incredible." British band Radiohead are up for five awards including best rock performance and song for Lotus Flower. Winners will be announced on February 12th. (BBC UK)

The 54th Grammy Awards will be televised Sunday, February 12th from Los Angeles.