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Sean “Diddy” Combs is having lots of holiday fun on the Caribbean island of St. Barts!

The 47-year-old rapper was spotted taking a stroll with ex Kim Porter on Christmas Eve (December 24).

He also dressed up as Santa that day before hosting a party on his yacht with friends Dave Chappelle, French Montana, Russell Simmons, and more.

“#AboutLastNight #DaveChappelle #PositiveVibesONLY,” Diddy captioned the Instagram photo below.

He is also making sure to get in lots of family time on the island – he snapped pics while renting some ATVs with his son Justin, 22, and showing off his gold chain Christmas gifts with his son Christian, 18.

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Diddy gets in some father-daughter bonding time with his 4-year-old twin girls D’Lila and Jessie on his yacht on Monday (December 27) in St. Barts, French West Indies.

The 41-year-old rapper threw a bash on the boat that featured a performance by Macy Gray.

Earlier in the day, Diddy‘s ex and the twins’ mom, Kim Porter, wore a yellow bikini while lounging at a beach party.

Last week, Diddy hit the beach with his sons and rode a banana boat together.

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Sean ‘Diddy’ Combs poses with his family after being honored with the 2,362nd star on the Hollywood Walk of Fame on Hollywood Boulevard on Friday.

“Today is one of the best days of my life,” Diddy said. “Today is proof if you believe, all your dreams can come true. If it wasn’t for my mother, I wouldn’t be here. You can get a lot of honors, but there’s nothing that means as much as the love of your mother. This right here, I hope it makes you proud Mom. I love you so much. I owe my whole life to you.”

Joining Diddy was actress and model Kim Porter, their son Christian Casey, 10, and identical twins D’Lila Star and Jessie James, 16 months. Kim also brought along her son Quincy, 16, from her relationship with R&B singer Al B. Sure (Albert Brown).

20+ pictures inside of Diddy‘s Hollywood star shining bright…More Here! »

Sienna Miller enjoys a typical day with her friends at the beach in Spain, but this time, with no Diddy in sight.

Diddy and Sienna Miller currently deny a relationship and Kim Porter, Diddy‘s ex insists on the denial as well. Porter continues to dismiss Sienna Miller as the reason for her breakup with Diddy, claiming that they are merely friends.

Yet, we saw quite recently Sienna and Diddy meeting up at clubs. Could the two be hanging out in Spain together as “just friends?” Um, sure…

Diddy and Kim Porter have officially call it quits!

Page Six reported last week that “Kim is in Louisiana filming a movie right now, and when it’s done she’s moving to LA. She is focusing on her career as a model and actress and raising her children. They are the best of friends, but they just can’t be together right now.”

Kim has four children – three of whom, Christian, 10, and twins D’Lila and Jessie, 7 months, are Diddy‘s.

And about rumored hook-up with Sienna Miller? “There is literally nothing between them,” says Diddy‘s rep.

The million dollar question: Who has Diddy been seeing on the side?