Hip-hop mogul Rick Ross has made headlines with his extravagant рuгchɑsе of a sprawling nine-bedroom mansion on Miami’s prestigious Star Island. The opulent property, priced at over $37 miℓℓiо𝚗, will be Ross’s latest addition to his impressive real estate portfolio.
Star Island has a storied history of hosting celebrity residents, including Sean ‘Diddy’ Combs, Shaquille O’Neal, and Gloria Estefan. In 2020, Jennifer Lopez and Alex Rodriguez added to the island’s allure by acquiring a 10-bedroom estate.
Ross, a Miami native, is no stranger to luxury real estate. He recently closed on the acquisition of NBA star Amar’e Stoudemire’s Miami home for $3.5 miℓℓiо𝚗. His penchant for property investments extends to Atlanta, where he bought a miℓℓiо𝚗-dollar home during his early rap career.
The new Star Island mansion boasts lavish amenities, including six bathrooms, a summer kitchen, and a heated pool. A unique feature is the backyard’s small wooden harbor, offering direct ocean access. Ross reportedly plans to undertake extensive renovations to enhance the property’s grandeur.
Despite his growing real estate portfolio, Ross is known for his business acumen. In a candid statement, he revealed his strategy of purchasing properties with potential for significant appreciation. His Atlanta residence, originally acquired for a miℓℓiо𝚗 dollars, now holds the promise of a multimiℓℓiо𝚗-dollar return on investment.
In addition to his property ventures, Ross recently made headlines for his philanthropic efforts, including a $4.2 miℓℓiо𝚗 investment in Meek Mill’s Atlanta property.
As Ross continues to make waves in the real estate world, his latest acquisition on Star Island adds to the allure of his ever-expanding empire.
