15 Things To Know About How Rick Ross Built His Empire

15 Things To Know About How Rick Ross Built His Empire

Rick Ross

Photo: Rick Ross, Jan. 26, 2020, in Los Angeles. (Photo by Jordan Strauss/Invision/AP)/ An 85-foot infinity swimming pool at a $250M mansion in the Bel-Air, Los Angeles. Jan. 26, 2017 (AP Photo/Jae C. Hong)

7. 2020 was a good year

The year 2020 was lucrative for Ross, he told Forbes. He made deal after deal despite the covid-19 pandemic. He partnered with Cookies, an international cannabis brand. Through Cookies, he launched three specially curated pot strains. He also invested $1 million into telehealth startup Jetdoc, making him an equity partner, advisor and spokesperson. On top of this, he worked with luxury car designer Rich B. Caliente and producer duo Cool & Dre to craft a Porsche 911 into a unique piece of car art.

8. Ross remembers his first time as a millionaire

As his wealth grew, Ross made plans on how to grow it.

“When I became a young millionaire for the first time, I went to my mother because she had always been a registered nurse and worked two and three jobs. She always bought real estate,” said Ross. “She came from Clarksdale, where the real estate was a lot cheaper. She would just keep buying houses. And I would say, ‘Mom, what do you think about the stock market?’ And she would say, ‘Son, I don’t really rock with the stock market. I don’t know much about it, but I know about real estate . . . So when you buy something, make sure you can touch it.’”

9. Ross’s real estate portfolio

Ross owns an iconic home for which he paid $3.5 million in cash — a 2.3-acre resort-style estate in Southwest Ranches, Florida, located about 22 miles northwest of Miami. The 8,600-square-foot home has six bedrooms, seven bathrooms, two home offices, a gym, an indoor theater and a pool. The estate was formerly owned by the NBA All-Star Amar’e Stoudemire.

He also owns an estate in Fayetteville, Georgia, that he bought for $5.8 million in 2014 from boxing champ Evander Holyfield, and he purchased another 87 acres adjacent to the main estate in 2019 for $1 million.

“I looked at every curve and every up and downhill on the lawn. I was looking at the geese as I rolled by. I did that for years until one day, I saw the red for-sale sign on the gate and made a U-turn,” Ross told Forbes.