Here’s how Jeezy’s real estate investments really stack up
Thursday night’s Verzuz battle between Southern hip-hop legends Gucci Mane and Jeezy, which seemed to settle 15 years of beef between the two rappers, took an unexpected turn when the topic of real estate emerged.
The viral, musical battle webcast, which netted nearly 2 million viewers, included Gucci, 40, giving jabs on Jeezy’s outfit — including a remark on how the two should host a jewelry Verzuz in the next broadcast.
But Jeezy, 43, responded that the two should focus on wiser investments, such as property, adding that he’s got a ton of real estate and “owns over half of Atlanta.”
Jeezy, whose net worth was estimated by Forbes in 2013 at $6 million and more recently at $10 million from the far less official Celebrity Net Worth website, quickly became the subject of Twitter memes created from the seemingly old-man exchange. They begged the question as to whether he indeed owns half of the city’s real estate.
In short, no. But Jeezy’s real-estate investments are nothing to sniff at and have attracted headlines over the past several years.
Back in 2007, Jeezy — also known as “The Snowman” and legally as Jay Wayne Jenkins — purchased a two-story penthouse at the Phoenix on Peachtree condo complex for $1.32 million. The 3,140-square-foot spread gave him three bedrooms and four bathrooms — as well as floor-to-ceiling windows and a massive custom closet that housed his many pairs of shoes. In 2013, he listed the condo for a loss at $1.1 million, ultimately selling it for $950,000 in 2014.
The same year as that loss, according to TMZ, Jeezy spent $1.5 million on a 9,000-square-foot home outside of Atlanta — just a month before weapons charges against him were dismissed in California, after he was arrested following a fatal shooting at a Wiz Khalifa concert in August 2014. This home, which sits on a 1.2-acre lot, has six bedrooms and seven bathrooms.
In 2016, he notched another real-estate win. He snagged a three-story home near the campus of Georgia Tech for $685,750. Specifically, also per TMZ, the pad was a revamped foreclosure, and Jeezy got it for $45,000 below its asking price. This pad has three bedrooms, indoor and outdoor fireplaces, a two-car garage and a roof deck accessible via an elevator that looks out to city views.
Jeezy converted that three-story property into a studio compound. As mentioned in a 2017 feature in Coveteur, it spread across three buildings, which he called “The Embassy.” Features there include studios, a game room, a barbershop and an office. And, yes, that roof terrace, with an outdoor television and lounge furniture.
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“I wanted to create something that was boutique-style, to fit your every need from health, to being comfortable, to being able to get everything done in one space,” he told the publication. “When you’re here, you got the whole space. You’re able to get everything done, eat upstairs with the chef, if you need to go somewhere there’s a driver, you can get haircuts in the barbershop, there’s a gym. If you need to get away for a minute, there’s a rooftop cigar lounge upstairs.”
This content was originally published here.