Ivy Condo Association says between him bouncing checks and racking up over $12.5K in unpaid fees they’ve had enough — they filed a lien in November, and asked the court to foreclose on the rap mogul right before Christmas. Yo, bah humbug! Financial woes are stacking up for the Cash Money honcho — a reported $1.9 million federal tax lien, a $1 mil lien from a construction company … plus, he took out a $5M loan against his mega-mansion in April, just to pimp it out. (TMZ)
By KINGSMEN
Red Carpet Coverage-Celebrity News- Event Photography/Videography
You would think of all the other artist’s that came before them that had money problems that they would be much smarter than that, not surprised tho,all that flossing was gonna catch up soon.
smh.. even the lifestyle comes with a price!..
did some research and this has been going on for a long time. it’s some problems going on In the cash money crew. lil wayne is next to come out with his $$$ problems. that’s what my source toldme
WOWWW!!..ain’t NO WAY!!..listening @ birdman same saying verses on every song!..lol oil wells..million dollar this million dollar that!..it’s just crazy to blow all that money like that!..for a rep!..lol crazy
#LilWayne
That money be going as fast as they get it billion dollar houses with million dollar cars and the life style alone will eventually catch up if not being used correctly. Them cats tricking bill is outstanding. They sell a lot of music but not that much. Its gone play out. Strange tho!
Cds, sales all down. Comfort / drugs makes ppl lazy among other things. He wouldnt be the first to lose a few mill….
Maybe he just don’t want the mansion anymore..LOL
cash money has one of those distribution deals that artist will never see again! baby keeps so much of the profit off c.d. sales and owns masters! I don’t know how the heck he could of blew through all that $$$
he should have plenty of $$$. he has one of the best distribution deals ever. maybe all that spending is killing it but I can’t see him going through 100 million. a lot of cats lie about money but I believe baby really had 100 mil
Floss way too much! Plus what goes up must come down! True fact!
Drug use, not managing what you have, poor investments and only 2 artist on the label making a “profit”
Yes its deeper then what we see. Just like all else it comes out in the end.
he still should have plenty of money unless it’s smoke n mirrors! here is that 100 million??? plus he resign money??? something is not right
He’s gonna have to put his other artist out there for some overtime work to make some $..LOL especially since Wayne ain’t budging
All that flogging.
I’ve been telling people for the last few months that som stuff is coming out of this wayne beef! I’ve had some connected folks complain about $$$ from Cash Money!! O_O
Poor mismanagement of $…SMH