1) Ludacris was in a custody battle with the mother of his child and revealed in court filings that he earned only $55,000 over the previous year. That’s hardly the paycheck of a baller. Yes, that was $55,000 and yes, that was 2013.
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| LUDACRIS |
2)
Lil Bow Wow was in court after his Bentley was repossessed. He revealed
that he had only $1,500 in his bank account. He now has a job on BET’s
106 & Park, but this is probably not enough money to get him out of
debt. According to Celebrity Net Worth, Bow Wow owes $90,000 to the IRS
and another $280,000 to a luxury car leasing company. So, while his debt
of financial distress remains unclear, it’s very clear that he’s living
on the edge financially.
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| LIL BOW WOW |
3)
Xzibit – former host of the MTV show, “Pimp My Ride,” filed bankruptcy
after owing over $1 million dollars to the IRS. He hasn’t had a hit
record since Bobby and Whitney were in love with each other. He has
filed bankruptcy twice since 2009.
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| XZBIT |
4)
Method Man was arrested for failing to pay taxes back in 2011. He
resolved the matter, but remains in debt. He also keeps trying to make a
comeback, but it’s just not working out.
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| METHOD MAN |
5) Fat Joe – went to prison after pleading guilty to tax evasion after owing over a million dollars to the IRS.
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| FAT JOE |
6)
Lil Flip went to court and told the judge that he can’t pay more than
$500 per month in child support. According to most estimates, this means
that he isn’t earning more than about $3,000 per month. He’d be better
off collecting trash for a living.
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| LIL FLIP |
7)
Ja Rule went to prison for two years for tax evasion after owing
millions to the IRS. He gets out soon, and will spend the rest of his
life paying off the debt.
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| JARULE |
8) Beanie Sigel – He used to rap next to Jay-Z, but he too went to prison for tax evasion.
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| BEANIE SIGEL |
9) Young
Buck from G-Unit went bankrupt and lost his home, forcing him to sell
his jewelry and everything else. If you listen to any of Buck’s songs,
you’ll hear that he usually rapped about how much money he had and even
made fun of other rappers who’ve gone broke.
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