The rapper lifestyle is one that most of us would love to enjoy: luxury cars, lavish mansions, shiny diamond/gold jewelry, days & nights of partying and touring the world performing to sold-out crowds. It all sounds like so much fun until the checks stop coming in and the bills start piling up. That’s when the repo-man starts knocking and Uncle Sam sends the IRS after you. Below are eight rappers who might just need to check their spending habits before they find their bank accounts sinking into the red.
Bronx rapper French Montana is enjoying a really good spell in the industry right now. He released his debut album last year titled Excuse My French and he has been featured constantly on new records from artists like Fat Joe, DJ Khaled, Rick Ross and Jennifer Lopez. He also makes good money by touring and doing live shows. His current net worth is considered to be around $5 million. But here is the problem, his current girlfriend is Khloe Kardashian, and she is worth $20 million dollars. She apparently gets $40,000 per show for her reality series, not to mention the dozen other money ventures she has going on with her Kardashian clan. The math is pretty simple – to keep with his new girlfriend and the opulent lifestyle he maintains, he’s going to have to make a lot more hit records and perform a ton more shows. If not, all that money he has now might be dwindling away very soon.
Bryan “Birdman” Williams
Bryan “Birdman” Williams, the founder and visionary behind Cash Money Records is a wealthy man. His net worth is reported to be an estimated $170 million dollars. He happens to oversee a label – YMCMB that has several huge stars including Nicki Minaj, Drake, Tyga and Lil Wayne. However, Birdman aka Baby has a penchant for a really lavish living; private jets, luxury sports cars, huge mansions, expensive jewelry and he has somewhat of a tattoo addiction too. It was reported earlier this year by TMZ that he had taken a $5 million dollar loan out on the $14.5 million Miami mansion he bought in 2012. Apparently, the loan was for extra renovations and remodeling for the mansion. From the outside looking in, it looks like he’s going just a tad overboard. A few years ago, he gifted Lil’ Wayne a Chopard watch for his birthday that cost a million dollars (the footage is on YouTube). Perhaps his accountant needs to have a chat with him to make sure he stays wealthy.
Atlanta rapper Soulja Boy is just 23 years old and he has already been part of the Hip-Hop biosphere for more than 7 years. He exploded on the scene in 2007 with the monster hit “Crank Dat Soulja Boy” – the song ruled the charts and earned him a lot of money. In 2009, he had another song called “Turn my Swag On” that also made some noise. His net worth is rumored to be over $20 million dollars, and he sure knows how to spend it. Mansions in Atlanta, diamond encrusted jewelry, designer clothes shopping sprees and top of the line sports cars (he owns a Bentley, Lamborghini and even a Bugatti). He hasn’t had a major hit in the last 4 years, so one has to wonder, how is he going to keep up this rich and opulent lifestyle?
22-yr-old Mac Miller is another young rapper who might just be blowing his money a little too fast. First off, young Miller deserves a lot of credit for maneuvering through the Hip-Hop industry with impeccable marketing savvy. His 2011 album Blue Slide Park was released via local Pittsburgh label Rostrum records. The marketing was mainly organic and the distribution was by Itunes. It sold 400,000 units and made both him and his label a lot of money. With all the new cash, he moved from Pittsburgh to LA’s Hollywood Hills and he even got his own MTV reality show. However, all the success came with a dark side. He has talked publicly about his addiction to lean (a mixture of codeine and promethazine) and on his latest mixtape, he talks about doing some serious drugs (stuff that’s way harder than smoking marijuana). The danger is that he’s so young and always has a crew of friends around him. Hopefully there are some voices of reason around him to steer him in the right direction with both his riches and his life.
The rapper Chief Keef is only 18-yrs-old, and his lifestyle is a reflection of the current youth gang violence epidemic going on in Chicago. Even at such a young age, he’s been in and out of jail and had several run-ins with the law. He’s had one big song in his career called “I Don’t Like” that bubbled to the top in 2012. The record was so huge that Kanye West even did a high profile remix of it. That track reportedly led to a multi-million dollar deal with Interscope records. The only problem is that he hasn’t had any major hits since and the money must be running a little dry. He was recently evicted from his luxury apartment in Highland Park Illinois, and it’s rumored that eviction was due to him owing over $11K in back rent. When the checks stop coming in, these are the kinds of things that happen. Let’s hope he’s able to get back into the studio and produce some more music that actually sells.
It’s really shocking to think that at one point in his career, DMX was one of the biggest rappers on earth. But in the last several years, drug and alcohol addiction, animal abuse and numerous situations with the authorities have really altered the positive trajectory of his career. Just recently, it was reported by TMZ that $15,000 of his monthly royalty checks from Universal records would be garnished to support his ex-wife Tashera Simmons. DMX has a total of 11 children with a variety of different women and this ruling is sure to affect his ability to meet his responsibilities.
At the height of his career, DMX was making $13 million a year, but now those are all distant memories. He officially filed for bankruptcy last year, and this child support ruling might be another very serious financial hurdle he has to overcome.
Young Buck used to be a major part of 50 Cent’s G-Unit rap crew until it splintered up several years ago. Since then, he went to jail in 2012 to serve time for weapons charges, and he has also filed bankruptcy due to huge sums of money he owed the IRS. But it’s 2014 now, and 50 Cent is back on the scene with his new album “Animal Ambition” and he also reunited with his old posse. The response has been overwhelming, and the G-Unit crew is selling out venues all over and has several tracks on heavy rotation in urban radio stations. But you know how the saying goes – “History often repeats itself.” Buck has had major problems with monitoring his finances in the past, and with this new money coming in with the G-Unit reunion, it could be the same story all over again.
Atlanta rapper Future is another guy who might need to keep a close eye on his bank statements. He’s reportedly worth a little over $2 million dollars, and he is currently involved in a relationship with R&B star Ciara who is worth ten times that. With regards to his spending habits, Future has been known to brag that he carries no less than $25K cash on him at all times and he also recently bought twin Bentleys for him and Ciara. He recently had a son with his current girlfriend, but the troubling fact is that he has three other kids with three different women! Actually one of these baby mamas has already taken Future to court recently about child support payments. It’s all fine and cool to live the baller/rapper life and keep up appearances, but it looks like he has a ton of serious obligations that he needs to handle first.