Diddy does everything in excess. From his music videos to his children's birthday parties, there's always shiny gold, lavish cars, beautiful women and fine bubbly surrounding him. As news comes that he's throwing a private affair following the 54th Annual Grammy Awards on Feb. 12, it's no surprise that a pass to the event cost a whopping $50,000 a piece. In his world, that's the price of a movie ticket.

The event, which will be held at the Playboy Mansion in L.A., is set to have a red carpet, celebrity honors, DJ awards, a live performance, cocktail reception, open bar and open buffet. While $50,000 is the highest ticket price, people with less cash flow can opt for the more affordable yet still hefty sum of $1,500. There's also a $15,000 and $25,000 option.

TMZ reports that the $50,000 package doesn't just get you in the swanky establishment, it also is loaded with extras. Those wishing to empty out their bank account to party with Diddy will get access to two cabanas, VIP admission for 20 people, a buffet dinner, open bar, free bottle service and 15 female promotional models.

But the cash being shelled out won't necessarily go straight to the Bad Boy Records mogul's pockets. Proceeds will benefit the Angelwish Foundation, which helps children afflicted by HIV/AIDS.

The 54th Annual Grammy Awards will air live from the Staple Center in L.A. on Feb. 12.

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