Diddy owes the bank nearly $100million after taking out EIGHT mortgages

[Duke_Droese]

Getting mortgages is smart.

But when you push it beyond your means and things get tight, it's a disaster in waiting if the properties don't sell at the price you need them to.

 

[MoveForward]

Y’all still believe these hiphop “moguls” are billionaires?

I said this last year…

These are loans for his real estate portfolio and that’s fine but something isn’t right. We’ll start hearing about financial woes pretty soon, we’ve seen it before.

 

[Piff Perkins]

I think the point here is that given his legal troubles, the loss of Revolt and his other business ventures, he could have some problems keeping up with all this financially. Which of course gives him quite the incentive to cooperate with the feds.

 

[Born2BKing]

Why is this news? He has mortgage payments, and what?

 

[In The Zone '98]

Rich people owe money

More news at 11

 

[Born2BKing]

Meanwhile

JAY-Z & BEYONCÉ $200M MALIBU PAD PURCHASED IN CASH, BABY!!!​

$200 million is an astonishing amount to just about everybody in the world, but if you're Jay-Z and Beyoncé, you can afford to drop it all at once ... and still be one of the richest couples on the planet.

Sources with direct knowledge tell TMZ ... the two paid $200 million CASH for the 30,000-square-foot Malibu mansion purchased from William Bell, one of the biggest art collectors in the world.


Jay And Bey's New Pad Launch Gallery
Anthony Barcelo
The figure is mind-boggling ... but if you look at the couple's financial portfolio, they've certainly got the assets to make it work.

Anthony Barcelo
According to Forbes, Jay is worth $2.5 billion ... thanks to his lucrative liquor businesses, Ace of Spades and D'Usse, his music catalog, and his fine art collection -- with pieces from Basquiat.

In 2022, Forbes estimated Beyoncé's net worth to be just shy of $500 million ... crediting her tours, music catalog, and appearances in feature films to the majority of her wealth.

Of course, she also just kicked off her "Renaissance" tour, which is expected to rake in more than $1 billion ... so their net worth will only go up from here.

TMZ.com






In conclusion, Nas lost

Not pocket watching, but Jay ain't a billioanire off no damn liquor.

 

[Kornball The Conqueror]

he was making the payments

 

[CrimsonTider]

Debt Is a tool

 

[Serious]

Debt Is a tool

Teach us

 

[Nigerianwonder]

The media is getting ridiculous now. Unless he is not paying his mortgages then what is the problem and why is it anyones business? Sounds like typical money moves rich people do to leverage credit, maximize tax writeoffs and not use and tie up there own cash.

 

[BigMoneyGrip]

Those homes appreciated in value since he purchased them…

 

[Ed MOTHERFUCKING G]

This is some sensationalist “journalism”. Like no shyt he owes money, he has mortgages. Nothing said he’s behind in payments. And it makes no sense to sink liquid capital into paying cash for properties when the interest you’re accruing on growth of that capital is 2x or more the interest on the debt. They need to stop publishing just anything with his name attached

It's incredible how little the person who made that knows about basic banking and finances.

He had to PEROSNALLY GUARANTEE A MORTGAGE. heavens

 

[B1G_controversy]

If Puff brings in $30M to $50M annually (this is what has been reported), having mortgage loans totaling $140M is not necessarily bad fiscal mgmt

In the 30 yrs Puff has been famous, has he ever been called out for not paying his bills?

Properties like that appreciate so he prob has hella equity to boot

 

[Sbp]

The decadent veil

 

[King_Sage]

they even published the scheduled paid in full years

why is this news..