Record executive Rick Ross is earning millions from his Georgia mansion. After buying the foreclosed property for approximately $5.8 million in 2014, he’s been able to profit from movie production inquiries, visits, and activity.
Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. He had to sell to JPMorgan Chase at a public auction as part of foreclosure for $7.5 million, according to Daily Mail. In 2014, Ross was able to purchase the home at a discounted price.
During an Instagram Live video, the rapper shared that the home was paying for itself.
“What you see outside my door is a gathering of film producers and directors who possibly want to rent the estate for another film,” Rick Ross shared on Instagram earlier this year. “As you all know, we have the Coming To America 2 that will be hitting the world in I believe March, which was filmed in this same estate.”
He adds, “It’s not free to come check out the estate. Twenty people are wanting to see it today, every day. What we do is charge people to come look at it, and there’s still 18 people that want to come a day. So, welcome to the promised land.”
How Ross Transformed His Mansion Into Million-Dollar Bids
Rick Ross opened the doors of his massive 54,000 square-foot Georgia mansion to the cast of the ‘Coming 2 America’ sequel. His 235-acre estate is considered to be the largest residence in the state of Georgia. Now, it’s become an attractive location site for film producers and directors who want to pay for space.
Rick Ross shared his negotiation strategies during an interview with 3x Superbowl champion Shannon Sharpe for his Club Shay Shay podcast.
“When I go and sit down in meetings the first thing I let them know is what excites me!” Ross shares. “And, nine-times-out-of-ten it’s a dollar figure. We may be able to work something out but I gotta be clear and make it clear, ‘This is what excites Rozay.’ As soon as I say that number, it’s like a ‘Bah,’ go off and the confetti falls. Because don’t you want me excited!”
Ross isn’t afraid to add interest to his price tag for those who delay the timing process.
“A lot of times, I don threw a number out there before, they moved a little slow and I went up on the number and they met me there,” Ross says. “I actually had a film, that was filmed at my estate, and I threw a number out there. I said, ‘This is a huge production this shouldn’t be that much. Hey, I understand what you guys need, that’s $2.5 M’s. Yeah, $2.5 million, yeah, most definitely, yeah that’s it.”
Ross adds, “Oh yeah, they moved a lil slow and, aw man we tapped out at $2.75. It’s just like playing chess. You have to make some good moves but save your best.”
Inside the Rick Ross Zamunda Mansion
There’s no place quite like the Rick Ross mansion. That’s why it was the perfect location for the Coming to America palace site for ‘Zamunda’.
Located outside of Atlanta, the estate has 109 rooms. The property includes 12 bedrooms, 21 bathrooms, and a dining room that could host 100 guests.
The amenities are perfect for filmmakers who seek to showcase a lavish lifestyle. The estate includes a 135-seat theater, 350,000-gallon pool, bowling alley, and a boxing gym.
Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. He had to sell to JPMorgan Chase at a public auction as part of foreclosure for $7.5 million, according to Daily Mail. In 2014, Ross was able to purchase the home at a discounted price.
First published on Black Enterprise, https://www.blackenterprise.com/how-rick-ross-5-8-million-coming-to-america-mansion-is-paying-for-itself/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter%203/8/2021_03/08/2021
