Rappers love to rap about how much money they have. As Hov once said, “If you grow up with holes in your zapatos [shoes in Spanish], you’d celebrate the minute you was havin’ dough.” Well, that’s exactly what they’ve been doing for the past three decades. I mean one of the most successful [and best] rap labels is called Cash Money Records [and if you think about it, they really did take over for the ’99 and the 2000 and never looked back].
While spending money is ubiquitous to the genre, entrepreneurship is at the heart and soul of hip hop. From Jay-Z to Dr. Dre to Eminem, these titans of industry have taken full advantage of what started off as people siphoning electricity from streetlights to throw a party. All the way back to when a disc jockey was spinning vinyl tracks and a master of ceremonies ran the show, hyping the crowd right there in the street. While the Diddy and Master P have become wealthy on the back of hip hop, the art form that sprung from adversity and ingenuity, many rappers have seen their fortunes rise and fall. From tax problems to addiction to divorces, we’ve got the scoop on 15 rappers that bet the house and lost it all.
Poor DMX. Being a huge fan of X, it saddens me to say how much he needs to tighten up, not only financially, but in life. DMX is an outspoken enthusiast of a variety of drugs. But with the ability to channel such raw passion, emotion, and skill on the mic, we want to see more DMX doing what he does best: delivering hard flows and barking hysterically at the crowd.
Along with his litany of drug issues, as of 2013, he owes over $200,000 for a clothing line that went under, over $20,000 in car payments, and a staggering $1.3 million in unpaid child support. All this debt might lead even the most uptight person to say “to hell with it. Yo X! Where them drugs at? Where them drugs, where them drugs, where them drugs at?!”
You remember that one Young Buck song? Yeah, me neither. It comes as no surprise to find the former G-unit soldier down and out. After deciding to leave 50 cent’s group, things just went all types of downhill for the buckster. In 2010, the IRS raided his Tenessee home, and he was forced to auction off most of his possessions. Though he claims to have bought back most of his things, old buck-aroo had file chapter 16 bankrupcty. Here’s a thought. Maybe he should have stuck with the black terminator looking dude who survived 9 shots to the face only to one day produce one of the mot popular shows in the history of television [Power duh].
The goofy dancing, Aladdin pants wearing 90s rapper that you couldn’t touch failed to take into account that the feds can touch whoever they want. At one point, he owed over $13 million. As of 2015, he’s still in debt to the IRS for $700,000. Moral of the story is that Uncle Sam is never “Too Legit to Quit.”