While successful rappers usually make a better living than most Americans not all of them are smart enough to use that to their advantage. Some rappers simply don’t have the business or financial sense needed to manage large amounts of money.
Here is a list of 10 rappers that went broke:
Xzibit
Pimp My Ride was a sweet deal for rapper Xzibit until MTV cancelled it in 2008. Since then he has seen his salary shrink in size to a mere $67,510 per year. The year after Pimp My Ride was cancelled his home in Southern California foreclosed as a result of his dwindling bank account.
He was then forced to file for bankruptcy. In 2010 he owed the IRS close to $1 million in back taxes. At that time he was leasing a car that only cost $2,330 a month.
Xzibit likely went broke because while he was hosting Pimp My Ride he was earning $500,000 every year and when the show was cancelled he continued to spend money as if he was still making that much per year.
The post 10 Rappers That Went Broke appeared first on .
Go To Original Post 10 Rappers That Went Brokevia 36NG | www.36ng.com.ng - Pop of Nigeria created by Segun and Lala
No comments:
Post a Comment