News has recently surfaced of a serious financial play made by Kendrick Lamar. TMZ has reported that Kendrick has just dropped a hefty chunk of change on a home in Calabasas, California.
Lamar reportedly spent $2.65 million to secure the 6-bedroom, 6-bathroom, 5,400 square foot estate, which comes with a backyard, a pool, and a home gym. However, Kendrick doesn’t plan on living in the luxury pad. Reports say that Kendrick’s decision was based strictly on investment.
Kendrick Lamar isn’t the only hip-hop superstar to invest in real estate. P. Diddy reportedly has a real estate portfolio worth roughly $81 million as of 2016. Other rap moguls with extensive real estate portfolios include Dr. Dre, Kanye West, Swizz Beatz and Missy Elliot.
The “Humble” rapper has made money-savvy moves in the past, such as his decision to purchase his sister a Toyota Camry for her birthday last year. With an estimated net worth of $18 million dollars, some viewed Kendrick’s decision as cheap, but TMZ reported that a spokesperson from Toyota was more “smart and thoughtful” than cheap. Figures.