Why Do People Think He Spent $5 Billion?

Along with several photos, like the one above, in his Instagram post Rick included the following video:

At around the 30 second mark, Rick points up at a logo painted on the plane's tail and says:

"That's a $5 billion play."

Primary Income Streams & Multi-Million Contracts

I don't know what that means, but he is certainly not saying "That's a $5 billion plane," as some people misinterpreted.

How Much Does A 2012 Gulfstream Cost?

The price of a 2012 Gulfstream G550 can vary depending on a number of factors, including the aircraft's condition, airframe and engine hours, maintenance records, and overall market conditions. However, as of June 14, 2023, the average price for a 2012 Gulfstream G550 is $18,940,000. The price range for a 2012 Gulfstream G550 is between $14.5 million and $40 million.

Here are some examples of recent sales of 2012 Gulfstream G550s:

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  • A 2012 Gulfstream G550 with 2,800 hours on the airframe and engine sold for $19.5 million in April 2023.***This might be Rick's purchase***
  • A 2012 Gulfstream G550 with 3,500 hours on the airframe and engine sold for $18 million in May 2023.
  • A 2012 Gulfstream G550 with 4,000 hours on the airframe and engine sold for $16 million in June 2023.

Let's assume that first bullet point is Rick's purchase. That still does not actually mean Rick paid $19.5 million for his jet upfront, all at once. Much like a home purchase, people acquire private jets by putting 10-20% down then financing the remaining amount. Assuming Rick put down 10%, call it $2 million, and financed the remainder at 5%, his monthly mortgage to own this jet would be $184,150.

Then there are operating costs. A Gulfstream G550 typically costs $4,000 per hour to operate. If he flies his jet 40 hours per month, 480 hours per year, that would equate to $2 million per year, which is $166,000 per month.

When you include the mortgage and maintenance fees, under this scenario Rick's total costs to own and operate his private jet would be around $400,000, just ball parking.

Can Rick afford that?

We currently estimate Rick Ross' net worth to be $65 million. And that's his overall net worth (assets minus liabilities). Thanks to a growing business empire, Rick earns significant monthly income. The Rick Ross business empire now includes:

  • Maybach Music Group: A record label that has signed artists such as Wale, Meek Mill, Gunplay, French Montana and Omarion.
  • MMG Clothing: Ross has his own clothing line, MMG Clothing, which sells apparel, accessories, and footwear.
  • Rick Ross' Wingstop: Ross has a partnership with Wingstop, a popular chicken wing restaurant chain. He owns several Wingstop franchises and has also helped to develop new menu items.
  • Belaire: Ross is the co-owner of Belaire, a luxury champagne brand.