Rapper Lil’ Wayne’s $14M La Gorce Island home could be seized

Miami /
Apr.April 12, 2013 01:00 PM

Following a November judgment against him in a contract dispute, the rapper known as Lil’ Wayne may lose the La Gorce Island home, for which he reportedly paid $14 million in 2010, Gossip Extra reported.

Wayne’s production company, Young Money, should perhaps consider a change of name — maybe Young Bankruptcy? — as it now owes $3.4 million in fines and legal fees, Gossip Extra said. Since the company failed to pay what it owes, authorities may seize assets, including the home.

Miami lawyer David Goldstein — the attorney for victorious plaintiff Quincy Jones III in the case and the party to whom the legal fees are due — is moving to seize some of Wayne’s South Florida assets, including the waterfront home and several pricey cars, Gossip Extra said.

Wayne paid $7.7 million in back taxes on the home last year, and listed it for $12.9 million, though it does not appear that a sale is moving forward. [Gossip Extra] –Guelda Voien


Related Articles

arrow_forward_ios
Lil Wayne and 6480 Allison Road in Miami Beach (Getty Images, Become Legendary/Douglas Elliman Realty)
Lil Wayne lists Miami Beach mansion for $30M
Lil Wayne lists Miami Beach mansion for $30M
Jane Holzer with 980 S Ocean Boulevard (Getty)
Warhol star Baby Jane Holzer’s planned Palm Beach mansion advances
Warhol star Baby Jane Holzer’s planned Palm Beach mansion advances
Christian Slater with 3618 Saint Gaudens Road (Getty Images, 1oak Studios)
Christian Slater sells Coconut Grove home after three-way bidding war
Christian Slater sells Coconut Grove home after three-way bidding war
Jeff Bezos and his parents, Jackie and Mike Bezos, with 9501 Journeys End Lane (Douglas Friedman, Getty)
Jeff Bezos’ parents close on second Coral Gables mansion for $44M
Jeff Bezos’ parents close on second Coral Gables mansion for $44M
Tom Joyner with 469 Ocean Boulevard (Getty, Mike Ruiz)
Tom Joyner sells oceanfront Golden Beach home for $19M
Tom Joyner sells oceanfront Golden Beach home for $19M
Jeff Bezos and his parents, Jackie and Mike Bezos, with 9475 Journeys End Road (Douglas Elliman Realty, Illustration by The Real Deal with Getty)
Jeff Bezos’ parents tied to $34M purchase of waterfront Coral Gables mansion
Jeff Bezos’ parents tied to $34M purchase of waterfront Coral Gables mansion
Marc Anthony with One Thousand Museum (Getty, Refin)
Marc Anthony among buyers at Zaha Hadid-designed One Thousand Museum
Marc Anthony among buyers at Zaha Hadid-designed One Thousand Museum
Rush and Kathryn Adams Limbaugh along with 1495 North Ocean Boulevard in Palm Beach (Getty Images, Zillow, iStock)
Rush Limbaugh’s oceanfront Palm Beach estate marketed for sale, asking up to $175M
Rush Limbaugh’s oceanfront Palm Beach estate marketed for sale, asking up to $175M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...