TMZ: Kelis Makes Nas Reveal His Income & Bank Account Balance In Court (Nas Makes $175k A Month)

Harry B

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Why the fukk is this nikka 25 years in the game still paying rent?
Maybe he just relocated? Maybe he's not looking for a long-term solution or maybe he has a clause in his deal that pays for it or whatever. Or he has houses in other cities and he's not looking to tie up more capital to the premium real estate market or whatever.

These houses exists cause a lot of rich people don't want to buy for various reasons.
 

Heretic

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Why the fukk is this nikka 25 years in the game still paying rent?

he's probably got properties being rented under holdings, hell he might even be paying himself(real estate holdings) for his rental, that's the shyt Trump used to do at least. I have no doubt he's got homes but for the purpose of hiding assets they're probably not in his name.
 

Harry B

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Now we know why the spousal abuse bullshyt she was speaking came out......this bih is angry.....:russ:





spend the 8k and keep it movin bih:camby:
:mjgrin:

Didn't even think about that, fukking coincidence ha :scust:
 

Crispy

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Maybe he just relocated? Maybe he's not looking for a long-term solution or maybe he has a clause in his deal that pays for it or whatever. Or he has houses in other cities and he's not looking to tie up more capital to the premium real estate market or whatever.

These houses exists cause a lot of rich people don't want to buy for various reasons.
or its a tax right off as a business expense
 

Zero

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nas only got 8M? hold up that cant be right :huh: according to his coli stans the man is close to billionaire status.. :unsure:

now.. who is the liar, court documents or da coli stans? :eek:
I see I got 6 pages of
full
to read :mjgrin:
 

Kobes Two Jerseys

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:russ: @ this bummy cac still trying to relive a time on a cabbage colored website from 15 years ago when he had a whole squad of buddies trolling and stanning a flash in the pan group that has since taken more L's than one can keep track of
Whats the back story? I seen his post and that dude seems kind of weird.
 

Zero

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Safe

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Damn I'm sad the Coli doesn't have better financial IQ ☹️

Also trying to appear broke is like rule #1 for custody/divorce cases like this. It was what I did when I went through mine. :yeshrug:
 

panopticon

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8 mil in the bank is a fukkin lot. That's liquid cash not cash plus assets. Imagine how much more he has tucked away in businesses, trusts and investments. Then on top of that add to the fact that he was never one of those 5 mil plus album sellers and then you'll realize that dude is actually pretty damn good with his money. I can almost guarantee most people you think are mega rich, don't have that kind of liquid cash that they access to. And I'm no Nas Stan.
Facts :wow:

Wealthy people engaged in actively managing their money keep the bare minimum of liquid cash in the bank. :manny:

Cash in the bank earns little to no return, and is easily accessible via nuisance lawsuits, child support bullshyt (like Nas is currently going through), etc. :ufdup:

I'm willing to bet that Nas has upwards of $100 million invested across a broad array of asset classes in a variety of bankruptcy-remote vehicles, trusts, and other tax minimization / tax avoidance / liability avoidance vehicles. :blessed:

What wealthy folks will do is have access to large revolving lines of credit collateralized by assets held in all of these vehicles should they need access to cash. A paternity lawsuit, car accident settlement, sex tape case, etc. can't access that line of credit to try and recoup whatever they're owed. It's a liability, not an asset :lolbron: It also inflates the wealthy person's debt / income ratio should they want to go through bankruptcy proceedings to shed accumulated liabilities they are no longer interested in paying (see: 50 Cent). :pachaha:

A good rule of thumb is that most wealthy folks will maintain no more than 12 months' worth of expenses in cash & cash equivalents. Nas has overshot this amount by a pretty significant margin - I'm willing to bet that this lawsuit was filed in the midst of him rebalancing his investment portfolio and maybe simplyfing / rationalizing whatever trust structures he has in place to protect his wealth. :manny:
 
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