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Soulja Boy

DROPS $55 MILLION

ON PRIVATE JET

7/29/2011 5:45 AM PDT BY TMZ STAFF

Soulja Boy
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.

A member of Soulja's management team tells us ... the kid bought himself a G5 jet as a birthday present to himself this week.

The jet cost $35 mil ... but that's just the beginning. We're told the birthday boy is dropping an additional $20 million to pimp out his ride with all sorts of cool stuff ... like 12 custom Italian leather seats, flat screen TVs, 4 liquor bars, a special travertine tiled floor, and Brazilian hardwood cabinets.

We're told S.B. is also gutting the in-flight lavatory -- and replacing it with a giant, LUXURIOUS bathroom. Oh, he's also giving the jet a custom paint job ... to include his logo.

And if that's not enough for someone's 21st -- we're told Soulja's also spending $300,000 to throw himself a blowout birthday party at a Miami nightclub tonight ... and Dwight Howard, Bow Wow, and Sean Kingston are all expected to attend.

Kids these days.

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USArmy USArmy

He has every right to throw his money away but when he goes broke please don't bore us with tear jerking stories.

Mike Mike

Soulja Boy probably put 5% down, with no intention on making any more payments. The plane will be repossesed within 6 months.

fstblk fstblk

It's his money he can do as he pleases.If he looses it he has no one to blame but his self.



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USArmy USArmy

He has every right to throw his money away but when he goes broke please don't bore us with tear jerking stories.

Mike Mike

Soulja Boy probably put 5% down, with no intention on making any more payments. The plane will be repossesed within 6 months.

fstblk fstblk

It's his money he can do as he pleases.If he looses it he has no one to blame but his self.

Jimmdog Jimmdog

Talk about throwing your money away. Soulja Boy, meet MC Hammer..

jimbo jimbo

These guys never learn. He'll be bankrupt soon enough. I wonder if he has any idea of how quickly he is burning through his money? Now cue the brain dead supports that will say "it's his money he can do whatever he wants with it." Like that's even the point.

lmg lmg

He is going to go from yelling "da plane! da plane" to "da bus...da bus" if he is not careful.



420 COMMENTS

No Avatar
31.

Kari    

NEVER HEARD OF HIM!

996 days ago
32.

Ron Paul    

Yea Right. Its either a straight up lie or not his money.

996 days ago
33.

gd45    

Of course it's not his money... dude obviously bought the plane for his record label or whatever he has, that way it can be written off as a business expense everytime they use it for concerts, etc. and get huge tax breaks. Why do you think so many movie stars start production companies??? Huge tax breaks, and can write basically anything off as a business expense.

996 days ago
34.

Twizted    

WHO??

996 days ago
35.

Observer    

Something fishy here....
For one, he's dumb for spending that kinda dough on something that has not return. Rent it out? Sure, but with his logo on it?
Plus: As of 3-7-11 he's worth 23 Million. So he's putting a down payment on 55 for a ride? Talk about dumb. http://www.soulja.net/worth/

Hey, do what you want with your money, yet smart is far better then bling.

996 days ago
36.

ohyesidid    

Apparently he has know idea how much operating costs on a jet are....even one that does not fly costs a boatload of money....

996 days ago
37.

jaime    

wish he would have bought a cessna. would have really helped the kansas economy.. hmm..

996 days ago
38.

Kevin    

hopefully the first time he flies in it it will crash and burn him beyond recognition.

996 days ago
39.

Robbie    

If you're wondering how he paid this for it when his networth is under half of that, it's called financing. Not to say he's smart for doing so. Financing a G5 is probably the stupidest thing someone in his profession could do. Not to mention it going to cost millions to use and upkeep every year. So in 4 years when two more of his albums don't sell worth a ****, he'll be getting it reposed.

996 days ago
40.

B.S.    

Obviously B.S. His "management team" is trying to hype him up again. It costs $20 million dollars to install 12 leather chairs, some flat screen tv's, a bar, and wood floors? The entire cabin is only 50 feet x 7 feet, that's 350 sq ft. You couldn't spend $20 mill in there if you wanted to. He's obviously just leasing/renting a jet, because he doesn't even have $55 million.

996 days ago
41.

Jeff    

Good thing TMZ posted this, so it can be saved and re-read to Ol' Soulja Boy in 20 yrs when he's a Soulja Man, and telling other homeless folk under the bridge he's living that he used to be somebody! Then he'll remember where all the money went.

996 days ago
42.

dave    

This reeks of BS or bad sources or some key part of the story not being reported on. Would I believe it if someone told me Soulja Boy had $55 million despite his reported networth being $23 million? Sure, I'd believe it. But would I believe he has $55 million to spend on a jet? No. Dude, P. Diddy, a guy worth $300-400 million, has publicly stated that he's had to cut back on private jet expenses. If Diddy can't afford it, how the hell can Soulja Boy? This is billionaire money we're talking here. This is all hype to get himself relevant again- No way is this true. No way would his lawyers, accountants or anybody that gave a rats ass about Soulja Boy let him go through with this.

Please continue to research this and find out the truth, TMZ. C'mon.

996 days ago
43.

Janice    

55 million!!!! Really! Wish I had that kind of money.I don't think I would've bought a jet.

996 days ago
44.

Mick Kahler    

Pimping out a private jet. Let's see, he needs 22's on the wheels, some shag carpeting throughout the cabin and an astrological sticker on the back window. Stay classy you knucklehead. You make MC Hammer look like Warren Buffet!

996 days ago
45.

some guy    

To help pay off the jet, I heard Soulja's gonna use the plane to rob banks.

996 days ago
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