Matt Zingler, the co-founder and CEO of Rolling Loud — the world’s largest hip-hop music festival — has sold his waterfront Miami Beach compound for $17.72 million, Gimme Shelter has learned. The news comes as Rolling Loud is relocating from Miami to Orlando to combat inflation, and tickets have been lowered to the starting price of $249 for the May festival. Rolling Loud also now holds festivals in New York, California and other countries, from Canada and Australia to Thailand and Portugal.

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