Soulja Boys Spends $55 Million on a Private Jet: Rapper Buys Himself a G5

TMZ:

Soulja Boy doesn't know the meaning of the word recession -- because TMZ has learned, the 21-year-old rapper is dropping $55 MILLION on a new private jet.

Read the whole story: TMZ

Comments

[Mick Stewart]

06:44 PM on 07/31/2011

Simply incredible.

The African-American community faces horrific crime and skyrocketing HIV (and STI) rates and this rapper spends $55,000,000 on a g-d jet? I'm simply blown away. Souljaboy could have spent that money on a community center (more like five), or established a foundation in Hollywood that other rappers could have joined to fund clinics for those without healthcare, child wellness courses for unwed mothers.

I am never shocked at the insatiable, self-centered, self-absorbed ardor of the Hollywood elite.

[JL-Sosa]

10:54 AM on 07/31/2011

When the poor rise up in the streets, I wonder where this "Soulja" will make his last stand... One of his four liquor bars?

[madwasabidoll]

09:10 AM on 07/31/2011

Textbook example of another self -worshipping pseudo celebrity. Very, very sad...

[maxout22]

06:14 AM on 07/31/2011

He's anything but a real soulja.

[littlebrowngirl]

11:58 PM on 07/30/2011

He is racing toward the poor house at super sonic speed.

[littlebrowngirl]

11:56 PM on 07/30/2011

Diddy doesn't even own a private jet.

[futurejd]

08:59 PM on 07/30/2011

So funny, I wrote a post about this: http://miraclesq.blogspot.com/2011/07/souljaplane-going-down-in-flames.html

[dakotaeverhart]

11:30 AM on 07/30/2011

Definitely the next MC Hammer.

Isn't Hammer's unfinished mansion still setting vacant overlooking Compton CA?

Young people deserve to be able to make mistakes, as this will prove to be.

[OneInEveryFamily]

10:35 AM on 07/30/2011

I would love to know all of the facts of this story.

Buying the plane itself is not so bad. When a musician is touring he will often charter a plane. It is all business expense and it could work out costing the same this way as all of the charters they took.

He didn't pay 55 Million cash. He is probably leasing it through an aircraft leasing company or it is at least financed. The interest is deductible as well. In 10 years, it could still be worth 25 million so the cost over that time is not necessarily so bad.

Here is what really bothers me about the story. 20 Million for upgrades????????


12 leather seats = 2 Million (6 Ferrari 599's at 325k each)
Travertine and Custom wood floors = 8 Million (Mansion in most cities with half a dozen or more much nicer bathrooms.)
Flatscreen TV s


Seriously, how do you put 20 Million into 350 square feet of space.

[Mick Stewart]

06:47 PM on 07/31/2011

Good point. He probably dolled it out with the usual confab of t.v.'s, DVD players, XBOX and a large icebox, not to mention pilot, staff and employee fees he will have to pay.

[OneInEveryFamily]

07:03 PM on 07/31/2011

Pilot staff and employee fees are operating costs. They would not be considered part of the purchase price.


Re the rest of your comment, you are taking it a bit far the other way. I was not suggesting an ice box. The question is should a bathroom remodel cost 5 Million?

Should a custom 4 small custom bars cost 1 million each.

Should the finest seats cost 500k each?

[hpmiddle07]

07:16 PM on 07/29/2011

Installing 4 bars and a stone floor in a private jet is lavish beyond comprehension.

Didn't anyone tell this kid that buying personal aircraft is a horrible investment? He's going to get in it for the first time and before he even leaves the ground, it's value is going to drop 10 miilion.

[Morena]

10:23 AM on 07/30/2011

Or he may rent it out to other rich people like a lot of others do, that's very common.

[missygoose0314]

06:50 PM on 07/30/2011

Personally, I plan on getting my schadenfreude on when I read the next story about how his billion-dollar mansion is being foreclosed on and he's doing Lohan-esque web commercials for a two-bit auction site to pay his cable bill.

[Squiriferous]

05:47 PM on 07/29/2011

I can't wait until next week when this clown's broke and the IRS is after him. LOL.

[Johnny Fruckles]

04:09 PM on 07/29/2011

one day very soon he's gonna hafta knock the wheels off it and live in it. just sayin.

[MariaMaria]

04:08 PM on 07/29/2011

HOW did Soulja Boy acquire 55 million dollars??? I want a breakdown on that...LOL..really.

[JL-Sosa]

10:54 AM on 07/31/2011

You can thank American Exceptionalism for that.

[itldoit2]

03:53 PM on 07/29/2011

Please......can't you find a neighborhood in any city that could use that money to live on????
What in the world is wrong with the rich & not so famous? Too much money on their hands and
we the people need to cut it back from them!!!

[InLosAngeles]

02:55 PM on 07/29/2011

Stated income application?