Diddy No Longer Owns Deleon Tequila or Ciroc After Setttling Lawsuit With Diageo
- Thread starter Big Boss
- Start date
Cat piss martini
Veteran
fukk that sick fakkit.
Mordith
H.E.N.R.Y.
Broke people are so financially illiterate....
No one is putting up $50 million liquid when they have $50 million in equity that they put up as collateral instead!
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People think they tally net worth by counting the cash balance of their bank accounts.Broke people are so financially illiterate....
No one is putting up $50 million liquid when they have $50 million in equity that they put up as collateral instead!
Most of their wealth is usually in the property they own, and the value of the businesses they own.
beenz
Rap Guerilla
Broke people are so financially illiterate....
No one is putting up $50 million liquid when they have $50 million in equity that they put up as collateral instead!
this is why I said that
was in a cash crunch yesterday. after paying out a huge chunk of money to cassie, then paying his legal bills, all while maintaining multiple luxury residences along with staff and relatives, while making relatively little income these days, liquidity is going to be a major problem for him. on top of that, he's already trying to sell his LA mansion and private jet to raise capital as we speak. yes he has a fortune, but most of that shyt is tied up in assets and the cash he has on hand he's burning thru.
I read an article in the NY post yesterday that stated that it cost $35M a year for
to run his empire. and now he's going to be coming off about $10M a year for legal representation.
You mean giving it away for free
It’s always that. But these celebrities bring it on themselves, they have vast wealth but always feel the need to exaggerate, Dre’s divorce revealed his net worth to be about $450 million, but for years he was labelled as hip hops first billionaire.Broke people are so financially illiterate....
No one is putting up $50 million liquid when they have $50 million in equity that they put up as collateral instead!
I’ve worked with Diageo professionally, their pockets DEEEP af. Diddy had to take the cash because Cassie and the rest of these hoes running the fade on his pockets
Do you think Diageo was protecting Puff while he was making them money?
I wouldn’t have that much knowledge, but it would make good business sense. They’ve got enough money to make ANYTHING they don’t like go away.
Amplified the shyt tenfold now.
The fact that 1 of his houses alone is worth 70+million should tell these fools somethingBroke people are so financially illiterate....
No one is putting up $50 million liquid when they have $50 million in equity that they put up as collateral instead!