Music Mogul Birdman Buys A Palace
Music Mogul Birdman earned $20 million last year according to the most recent Forbes earnings list and now he has spent $14.5 million to buy a palace!
The Cash Money Records co-founder dropped the huge amount of money on a 19,000 square-foot home which was purchased in September 2012.
The home sits on the ultra-exclusive Palm Island.
What does $14.5 million buy a homebuyer in today’s market? Birdman received a 9-bedroom, 17-bath palace equipped with 25-foot ceilings, an indoor pool, an outdoor pool with cabana and a theater. The home also comes equipped with a full-sized gym, spa area and in-house massage room.
Throw in 100 feet of waterfront property and a private dock and its easy to see why Palm Island is exclusive and sought after.
The home doesn’t have the best history for music moguls, 2 years ago it was foreclosed on when music producer Scott Storch failed to make his payments. The palace was eventually purchased by Rockstar energy drinks investor for $6.75 million before he flipped it to Birdman for $14.5 million .
Birdman is no stranger to spending money recently, just one week ago he was spotted buying matching Bentley’s for Cash Money Records artists Lil Wayne and Mack Maine. He also bought his brother and Cash Money co-founder Slim a brand-new Maybach.
Back in 2008 Birdman also handed Lil Wayne a cool $1 million for his 26th birthday, a present that at the time left Lil Wayne “stunned” according to his friends who were in attendance for the massive birthday gift surprise.
Cash Money Records sure is living up to the “money” part of its name.