P. Diddy says has matured too much to find value in wild partying anymore.
The 43-year-old music mogul was dubbed the wealthiest man in hip-hop by Forbes this year.
P. Diddy's net worth is an estimated $580 million and his empire continues to expand.
The star confesses he enjoyed a number of wild nights with female admirers in the early stages of his career.
He is father to six children with three different women and is currently single.
Diddy reveals his party days are over and he is now interested in finding someone to settle down with.
"I've had some fun and some of the stories are true, and I thank god for those stories of being in the music industry and having that fun, but as you evolve and as you grow you kind of look for something more special and I think you appreciate our female fans but you're always looking for that one special one that you can always count on," he told Extra.
Diddy is happy with the success he's achieved professionally, but he is always looking to further his influence.
The star is now committed to developing his acting career and will appear in several films by 2014.
"Right now my focus is personally as an artist is me as an actor, developing franchises for myself, showing people that I can do it," he explained.
Diddy has roles in forthcoming features Draft Day, Muppets Most Wanted and Shoedog, which are all due out next year.