Rapper and record label exec. Birdman buys mansion for a cool $14.5m! The co-founder of Cash Money Records - home to Nicki Minaj, Lil Wayne and Drake – bought the Miami Beach pad, which used to belong to Scott Storch.

So, who said the American property market was in turmoil? Birdman seems to be well and truly above the current austerity crisis, securing his place high up on the property ladder with a luxury $14.5m mansion on Miami beach. 70 Palm Avenue was owned by Roots keyboardist Storch, who used it as a “drugs den” (his words, not ours!). The 9-bedroom, 17-bathroom multiplex house was the location for a $30m splurge on drugs and boats for the musician, TMZ reported, and he is now said to be in a state of regret over his more decadent days after he lost the house to foreclosure in 2010. The stunning palace also boasts a below ground swimming pool as well as an outdoor pool which comes complete with a bungalow. An in-house massage room, theatre and waterfront of 100 feet and a private dock are all luxurious features present within the Money To Blow performer's new dwelling. Ridiculous.

The last owner, RockStar energy drink inventor Russel Weiner, made a huge profit on the place, after he purchased it following Storch’s tenancy for a thrifty $7m.