http://www.celebritynetworth.com/ar.../rappers-who-have-had-serious-money-problems/
Bow Wow
During a February 2013 child support hearing, Bow Wow revealed to a judge that he only had $1500 in his checking account and his monthly income was just $4000. Less than a year earlier, Bow Wow's $200,000 Bentley was repossessed and the IRS announced that the rapper owed six figures in back taxes. Shocking news considering Bow Wow was once a multi-platinum artist who starred in several hit Hollywood movies. Current net worth: $10 thousand.
Damon Dash
While not technically a rapper himself, as a producer, Dash has had a hand in a number of the industry's finest albums. After making over $50 million partnering with Jay-Z and forming Roc-A-Fella Records, the hip hop mogul now owes nearly $3 million in unpaid taxes, and recently admitted in court that he's "several months behind in paying" his personal bills, including $100,000 in rent on his home. As you may expect, said home comes lush with extraneous amenities—a swimming pool, full music studio, hardwood floors and an incredible view. Wonder how much debt only a modest view would eliminate?
Jermaine Dupri
After bursting onto the scene as the super-producer behind 90s hip-hop duo Kriss Kross, Jermaine Dupri went on to launch his own highly successful company So So Def Recordings. At his peak, JD earned more than $10 million per year and had a personal net worth of $60 million. Unforuantely, Despite releasing hit albums by artists like Jagged Edge, Da Brat and ironically Bow Wow, Jermaine has struggled to keep his business affairs in line. In May 2011, JD was allegedly almost bankrupt and within an inch of losing his home and master recordings to foreclosure. He somehow owed $500 thousand in back taxes to the state of Georgia and $3 million to the IRS. As of July 2013, Dupri is supporting himself with a $5 million loan from Sun Trust bank. If he fails to make the payments on that loan, Sun Trust has the right to reposes all of JD's possessions, including his homes, cars and all of So So Def's master recordings. Apparently, Money is a Thang.
Jermaine Dupri Net Worth
Scott Storch
Another producer on the list, Storch saw success during the early and mid 2000s, achieving a net worth somewhere north of $70 million. How did he blow so much cash so quickly? In the most stereotypical ways possible, of course, including buying several luxury cars, excessively gold jewelry, a mansion, and a yacht he named Tiffany. Oh, and literally TONS of cocaine. It's doubtful he was thinking of the pop singer when he chose the name, but it's safe to say Storch is alone now. Current net worth: $300 thousand.
Xzibit
Xzibit may know all about cars, but apparently he didn't even own one himself. The former Pimp My Ride host owed nearly $1 million in back taxes as of 2010, and was leasing a 2006 Range Rover for just $2,330 a month. The biggest reason for his downfall? Pimp My Ride going off the air. Xzibit earned nearly $500,000 a year from the show, and when it ended, the lavish spending continued—without the income to support it.
Bow Wow
During a February 2013 child support hearing, Bow Wow revealed to a judge that he only had $1500 in his checking account and his monthly income was just $4000. Less than a year earlier, Bow Wow's $200,000 Bentley was repossessed and the IRS announced that the rapper owed six figures in back taxes. Shocking news considering Bow Wow was once a multi-platinum artist who starred in several hit Hollywood movies. Current net worth: $10 thousand.
Damon Dash
While not technically a rapper himself, as a producer, Dash has had a hand in a number of the industry's finest albums. After making over $50 million partnering with Jay-Z and forming Roc-A-Fella Records, the hip hop mogul now owes nearly $3 million in unpaid taxes, and recently admitted in court that he's "several months behind in paying" his personal bills, including $100,000 in rent on his home. As you may expect, said home comes lush with extraneous amenities—a swimming pool, full music studio, hardwood floors and an incredible view. Wonder how much debt only a modest view would eliminate?
Jermaine Dupri
After bursting onto the scene as the super-producer behind 90s hip-hop duo Kriss Kross, Jermaine Dupri went on to launch his own highly successful company So So Def Recordings. At his peak, JD earned more than $10 million per year and had a personal net worth of $60 million. Unforuantely, Despite releasing hit albums by artists like Jagged Edge, Da Brat and ironically Bow Wow, Jermaine has struggled to keep his business affairs in line. In May 2011, JD was allegedly almost bankrupt and within an inch of losing his home and master recordings to foreclosure. He somehow owed $500 thousand in back taxes to the state of Georgia and $3 million to the IRS. As of July 2013, Dupri is supporting himself with a $5 million loan from Sun Trust bank. If he fails to make the payments on that loan, Sun Trust has the right to reposes all of JD's possessions, including his homes, cars and all of So So Def's master recordings. Apparently, Money is a Thang.
Jermaine Dupri Net Worth
Scott Storch
Another producer on the list, Storch saw success during the early and mid 2000s, achieving a net worth somewhere north of $70 million. How did he blow so much cash so quickly? In the most stereotypical ways possible, of course, including buying several luxury cars, excessively gold jewelry, a mansion, and a yacht he named Tiffany. Oh, and literally TONS of cocaine. It's doubtful he was thinking of the pop singer when he chose the name, but it's safe to say Storch is alone now. Current net worth: $300 thousand.
Xzibit
Xzibit may know all about cars, but apparently he didn't even own one himself. The former Pimp My Ride host owed nearly $1 million in back taxes as of 2010, and was leasing a 2006 Range Rover for just $2,330 a month. The biggest reason for his downfall? Pimp My Ride going off the air. Xzibit earned nearly $500,000 a year from the show, and when it ended, the lavish spending continued—without the income to support it.