(Photo by Earl Gibson III/Getty Images for BET)

Is Birdman Going Broke?

Birdman is making moves like he’s going broke.

The founder of Cash Money Records has recently announced that he is selling his Miami mansion to avoid a $12 million legal battle.

Day 1 uptown shit 4L @hotboyog333 been doin this shit CMRG ORIGINAL HOTBOY #STUNNAMAN STUNNAISLAND ???? @birdman5star #music from tha bayou #JULY 6

49.7k Likes, 2,850 Comments - Birdman5star (@birdman5star) on Instagram: "Day 1 uptown shit 4L @hotboyog333 been doin this shit CMRG ORIGINAL HOTBOY #STUNNAMAN STUNNAISLAND..."

The home is the same home that Birdman originally bought from producer, Scott Storch. The home has nine bedrooms, 17 bathrooms, two pools, gym, spa, movie theatre, private dock and a massage room.

Birdman reportedly purchased the home for $14.5 million in 2012 and is now trying to sell the home for $13.5 million ‘as is’.

Birdman is selling the home due to a deal met with EMG Transfer Agent based on a $12 million loan he defaulted on. The deal is that Birdman will be allowed to sell the mansion to avoid the lawsuit.

According to Complex, Birdman attempted to sell the mansion last year for $20 million and got bashed by Rick Ross in the process. Ross bashed Birdman because, at the time, Birdman was at faults with Lil Wayne over contractual issues involving Weezy’s final album under Cash Money Records, Tha Carter V.

Me and my SON #YMCMBEAST

185.6k Likes, 7,417 Comments - Birdman5star (@birdman5star) on Instagram: "Me and my SON #YMCMBEAST"

Since then, Wayne has been freed of that contract and is gracing us with what is said to be his last album ever.

Finally.

Do you think Birdman is going broke before our eyes?

 

Written by Christopher Schweitzer
Beasley Media Group Inc.