Rapper Jeezy is making sure to teach his children valuable lessons on wealth management. A year-old clip has resurfaced on social media, capturing a small glimpse into his parenting, and how the chart-topping rapper is passing wealth-building jewels to the next generation.
Wisdom of a Dad
The 45-year-old has three children: two adult sons, Jadarius and Shyheim, and one toddler, daughter Amra Nor.
While the artist has worked to keep his children out of the limelight, he was forthcoming with one of the teachings he gave his son about the true value of assets.
During an interview for the “Big Facts” podcast, the Def Jam recording artist said, “I told my son the other day … he said, ‘Yeah, you know such and such got a new chain.’ I said ‘That sounds good,’ ” the rapper, whose real name is Jay Wayne Jenkins, continued, adding that his son went on to say that the person has 20 chains, referencing flashy jewelry some musical artists choose to invest in and sport.
The Atlanta native and now businessman said he told his son, “Well, you know we got 40 buildings.”
According to the Grammy-nominated artist, he no longer has the desire to prove that he is successful with flashy clothes, jewelry and luxury toys. Instead, Jeezy, whose net worth reportedly is between $10 million and $22 million, is more focused on making sure his children are provided for and that he creates generational wealth.
A great deal of Jeezy’s wealth comes from his music catalog, touring and making appearances. In addition, his real-estate investments have been quite lucrative.
Stuck on Real Estate
He’s even been teased with the label of “Real Estate King,” as on the “Million Dollaz Worth of Game” podcast in 2022, when one of the hosts, Gillie the King, referred to him in that way.
The “Put On” rapper explained he got into real estate because of his team.
“One of my great confidants, friend, and business partner, Solo is what we call him, turned me on to which ended up being one of my closest friends, my realtor. And he just gave me the game. We just went and bought all of this land and buildings in the beginning,” Jeezy said in a separate interview. He made the comment in a 2022 conversation with Gillie Da King and Wallo of the Million Dollaz Worth of Game podcast.
The rapper said he “fell back” because he started touring and making music. However, when he came back his business partner showed him how quickly the value of the properties went up.
“He broke down the business,” Jeezy remembered on the Million Dollaz Worth of Game podcast.. “He’s like ‘Yeah you know this building that you bought for such and such? It is worth this now. And this land that you bought for that … is worth this now.’ I’m looking like ‘Damn … we didn’t do anything.’ And he was like ‘That’s what I’m trying to tell you. That’s what real estate is. That’s what I was trying to tell you.’ ”
Owns “Half of Atlanta“
Jeezy has put forth large claims about how much property he owns, even joking that he owns “half of Atlanta” during his “Verzuz” battle with Gucci Mane in 2020.
According to the New York Post, while the rapper exaggerated his wealth, he has a hefty portfolio. Here are some of his personal properties.
One of the recording artist’s large properties is a two-story penthouse at the Phoenix on Peachtree condo complex. He acquired the 3,140-square-foot property for $1.32 million in 2007, but sold it for $950,000 in 2014.
The same year, he purchased a 9,000-square-foot home outside of Atlanta for $1.5 million. The mansion has six bedrooms and seven bathrooms and is set apart from other properties, sitting on 1.2 acres.
Two years later, he purchased a home near Georgia Tech. This home has three stories, three bedrooms, indoor and outdoor fireplaces, a two-car garage and a roof deck accessible via an elevator. He spent $685,750 on the property, getting it while it was in foreclosure.
He made that into a studio compound that he calls “The Embassy.”
The rush of flipping properties and making money from real estate has Jeezy “stuck.”
Now, according to the rapper, he uses “every big check” he receives from other business investments such as Agency 99 (a full-service creative marketing agency), partnership with Naud Spirits, Defiance Fuel sports drink and even from music to buy property.
Jeezy’s motto for building generational wealth is simple: “I don’t buy chains, watches, cars. I buy property.”