Despite Being Dubbed the Richest in Showbiz, Cardi B Also Faces a Fire Sale: Bought Her House for $5.8 Million in 2019, Now Selling it for $7 Million in 2024 to Pay Off Debts! Who Would Have Thought Showbiz Life Could Come to This?

Cardi B addressed allegations that she was attempting to sell one of her homes to cope with a ‘secret’ financial crisis.

The 31-year-old WAP rapper responded on X Monday after Icy Scoop News claimed she was ‘facing foreclosure’ on her Atlanta mansion in a now-deleted post.

‘LMAOOO You bum btches wish… me and offset bought that house in 2019 for 5 million now it’s worth 7, check the Atlanta market,’ Cardi B wrote, referencing her rapper husband. 

She added: ‘And no, we not selling it… and if I ever sold it I would just sell my part to Offset since he loves Atlanta. Throwing salt on my home? Hating bad.’

Icy Scoop News originally tweeted: “Cardi B’s secret struggle: She’s allegedly trying to sell a home but is deeply in debt and facing foreclosure while struggling to make payments.”

The Grammy winner and Offset purchased a $5.8million mansion in Sandy Springs, a suburb of Atlanta, in December of 2019. 

The home boasts 22,000 square feet with five bedrooms, seven bathrooms, and four half-baths at the couple’s disposal. The entire property sits on 5.84 wooded acres, according to Realtor.com 

The clap back comes after Cardi B opened up about her finances to Complex in March, addressing her rumored $80M net worth. 

‘I feel like I actually passed almost doing $80 million,’ she admitted. ‘I make a lot of money. I make a lot, a lot, a lot, a lot, a lot, a lot of money.’

In August, Cardi and Offset were targeted in a swatting hoax at the Atlanta home.

In a dramatic incident recorded on police bodycam footage, officers responded to their home in the early hours of August 10, 2023, following reports of a shooting.

According to the police report, a caller claimed that shots had been fired at the residence of the famous rapper, sparking immediate concern. 

The caller even suggested that Cardi B herself might have been struck by a bullet, prompting officers to approach the scene with sirens blaring and weapons at the ready.

Upon their arrival, however, police quickly determined that the alarming report was nothing more than a hoax.

The musical stars were the latest victims of a swatting hoax, where a malicious individual falsely reports a violent incident at a celebrity’s home to trigger an emergency response from authorities. 

Notable names who have past been targeted in similar hoaxes include Pharrell, Nicki Minaj, Paris Hilton and Rep. Marjorie Taylor Greene, as well as the Playboy Mansion.

Cardi and Offset’s Atlanta purchase came after two-years of house hunting, which the female MC blamed on her and her husband’s differing tastes.

‘Houses that [Offset] liked there was always a room I didn’t like that we couldn’t agreed on. And a couple houses that I liked [Offset] said NO because the areas they [were] in are not [too] good,’ she explained via Instagram Story in 2019.

Cardi B recently made headlines once again, this time addressing rumors about her financial status and her luxurious Atlanta mansion. The Grammy-winning rapper took to social media to dispel claims that she was facing foreclosure on her $5.8 million home, which she and her husband Offset purchased in 2019. In response to the speculation, Cardi B confidently stated that the value of the property had actually increased to $7 million, highlighting the couple’s successful investment in the Atlanta real estate market.The 22,000 square foot mansion boasts five bedrooms, seven bathrooms, and four half-baths, all situated on a sprawling 5.84-acre wooded property. Despite the lavish amenities, Cardi B made it clear that she has no intention of selling the home anytime soon. In fact, she humorously suggested that if she were to ever part ways with the property, she would simply sell her share to Offset, who has a soft spot for Atlanta. The rapper’s candid response shut down the false rumors and showcased her unwavering confidence in her financial standing.This latest incident is just one example of Cardi B’s ongoing battle with tabloid rumors and unwarranted scrutiny. Despite her immense success in the music industry, the rapper has repeatedly faced baseless accusations and malicious gossip about her personal life. However, Cardi B has consistently risen above the negativity, focusing on her career and her family with Offset.In addition to her musical achievements, Cardi B has also been vocal about her financial success, addressing rumors about her net worth and her lucrative income. In a recent interview with Complex, the rapper revealed that she has surpassed the rumored $80 million mark, emphasizing her impressive earning power. Despite the challenges and false reports, Cardi B remains a powerful force in the entertainment industry, continually proving her resilience and business acumen.As Cardi B continues to navigate the ups and downs of fame, she serves as an inspiration to her fans and supporters. With her unapologetic attitude and fierce determination, the rapper stands as a testament to hard work and perseverance in the face of adversity. And with her undeniable talent and unwavering confidence, Cardi B is sure to continue making waves in the music world for years to come.

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Source: New York Post

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