Many rappers seem to have got all the money in the world and be wealthy enough to be a Forbes Cash King. However, if they made crucial mistakes such as not paying their taxes or missing a few payments, their credit would disappear like the rest of us. Check out these 28 rappers who went broke in their career.
The rapper Lil Wayne and his Young Money Entertainment owe private jet company Flight Club more than $1 million in services. His riches went quickly as the "Young Money" means.
Could not afford to have "sand imported from Egypt" to decorate his newly launched clothing store, Last Kings, Tyga owes nearly $100 thousand in taxes.
In 2013, Busta Rhymes owed almost 800 Gs to the feds. The rapper seems to cannot pay up, while the feds may be going to "Busta ya."
Kingston is being sued by Avi Da Jeweler for not paying up over $200,000 on bling-bling. He wrote SEVEN different checks but never paid up. As a result, his Lambo and Bentley was snatched by the repo men.
Chris Tucker is running screaming from the IRS for his unpaid taxes are running upward of $14 million. Reportedly, he's paying that chunk of change off, but it might take a while.
In 2011, Nelly reportedly lost all his money due to a gambling problem and even faced losing his home to foreclosure. Luckily, he sorted that out and is still REALLY RICH.
This Houston-based rapper Scarface owed $123,000 in child support, and as a result, he spent 10 months behind bars.
Jermaine Dupri helped build the careers of Jagged Edge, Da Brat, and the likes, but he couldn't keep his business affairs in order. The producer is currently supporting himself with a $5 million loan from Sun Trust Bank, and if he doesn't pay up, they're going to take his house and his recording studio.
Industry mogul Damon Dash is currently several months behind in paying his personal bills and Jay Z's Rock-A-Fella-Records partner was "over $100,000 behind in rent."
Producer Scott Storch once had a net worth around $70 million. However, he put much of it up his nose as well as lots of shining things including a mansion, luxury cars, and a yacht. As a result, he lost pretty all of it.
In 2007 and 2008, Fat Joe spent 4 months in jail for failing to pay taxes up to $700,000. And instead taking responsibility for his mistake, he blamed the guys he hired to take care of it for him.
During his divorce, Nas was to pay his ex more than $300,000 in child support and alimony, which argued by himself would bankrupt him. More unfortunately, he owed $6M to Uncle Sam.
Swizz Beatz seemed to have made a hit with "Money in the Bank," but he avoided paying tax and slapped with a $2.6M bill.
In 2007, Lil Flip was arrested for credit card fraud. In 2009, his estranged mother revealed in an email that he only paid $500 per month in child support.
Bow Wow claimed in 2012 when he was just 25 that he was broke and making only $4,000 a month and had only $1,500 in the bank!
The Fugees singer Lauryn Hill earned $1.8 million between 2005 and 2007, but she failed to file and pay federal taxes on this, and as a result, she was charged with 3 counts of tax evasion in 2012.
This big-hearted Miami father has been involved in financial problems, and he failed to pay his taxes in 2002, 2006, 2007, and 2009 which totaled to $157,024.
Reportedly, the famous rapper and host of MTVs Pimp My Ride Xzibit owed federal back taxes totaled to $1 million in 2011. And it's last reported that he still owes over $130,000.
Lil Kim has been trapped in financial troubles going to prison a few years ago. Her former record label sued her for $2.5 million in 2008. She also owes seven years worth of back taxes totaling $1 million.
Method Man, famous for "Cash Rules Everything Around Me", was rather well-off when "Enter the Wu-Tang" was topping the charts. However, he faces a tax evasion charge and 4-year prison sentence now, and even pleads to lesser the charges.
Probably due to the demise of Roc-A-Fella Records, Beanie Sigel failed to pay his taxes and is currently spending his days behind bars.
Since his public shaming by the IRS in 2010, Young Buck seems to be trapped in financial problems and cannot stay out of legal troubles.
Since the demise of his hits in the mid-2000s, Ja Rule was found guilty of tax evasion and spent a while in prison. He still owes $1.1 million to the IRS.
Uncle Luke rose to a superstar with raunchy lyrics and bass thumping tracks in the 1990s. Unfortunately, he went into bankruptcy in 1995 and since then Luke has been flying under the radar.
Cannot keeping up on his mortgage payments for a luxury condo in Chicago, Common sold it for $350,000 with a $50,000 loss.
Reportedly, MC Hammer still owes $700,000 in back taxes to the IRS, though he still runs his own Christian ministry.