Cyrus Langhorne
Cash Money Records head Birdman is reportedly on the verge of losing his Miami home over unpaid fees.
According to reports, Baby owes thousands to his Miami condo association.
Ivy Condo Association says between him bouncing checks and racking up over $12.5K in unpaid fees they’ve had enough — they filed a lien in November, and asked the court to foreclose on the rap mogul right before Christmas. Yo, bah humbug! Financial woes are stacking up for the Cash Money honcho — a reported $1.9 million federal tax lien, a $1 mil lien from a construction company … plus, he took out a $5M loan against his mega-mansion in April, just to pimp it out. (TMZ)
Check out these additional details right here…
Recently, Birdman landed on the cover of a new Marvel Comics issue.
Commemorating the 20th anniversary of the Cash Money CEO’s Lugz boots, the company teamed up with Marvel for a special edition cover of the Spider-Man comic book. Featuring an animated Birdman in his signature pensive pose, The Amazing Spider-Man #11 collector’s edition was stocked at comic retailers in limited quantities. (VIBE)
Lugz executive Rashaun Smith recently talked about the unexpected cover.
“Birdman was excited when I brought the comic book opportunity to him,” LUGZ VP of Marketing Rashaun Smith told Hip Hop Weekly. “We put Kingpin from the comic world together with the kingpin of the music world with this special collector’s edition cover.” (Hip Hop Weekly)
This dude don’t pay for nothing
He got money he need to go ahead and take care of them bills
Why would he do that? ask for money (loan) if youre allegedly have endless riches.
Because that’s how business goes
I disagree with that assessment. You take a loan when the amount of your worth is less than or slightly above the amount of the loan. However if you’re worth say 10 million dollars, are you really going to take a loan for 10,000 dollars? If I may add, business also take loans with the anticipation of making more money from that loan. Unless Baby is lying, he shouldn’t be taking out a $5 million loan.
The rich always borrow money that’s how they stay rich. Best to risk someone else money than your own.
They do but I explained it above as to why someone who is as “rich” as Baby wouldn’t take that kind of loan unless he’s doing so to build his credit. The fact that he’s not paying it makes me think he didn’t take it to build his credit.
when these media entities claim that individuals are worth a certain amount that just means what the total value of their assets &various holdings are valued at that doesn’t mean that they have that in the bank in liquid cash, most of what you see theses dudes flawsin with comes from money from creditors since they have higher credit lines because their worth more but that doesn’t mean they generate the revenue to pay them fees & interest that’s how and why they start having financial issues
none of these niggas know how money works. “i googled his net worth, he can’t pay that”? lmao
lol I used to get in debates wit cats about this sort of thing all the time fam and it happens a lot more than people realize too, diddy had creditors on him not to long ago & not that we condone counting what’s another man got in his pockets per say but they build their whole persona and images on being these financial mega moguls and then they get exposed
What goes around comes around, my nigga
No way dude can be going broke with the the success of YMCM?
when they first got on,,baby had a bunch of stretched out PT cruisers and shi* haha,,country ass don’t know shi* bout balling out
This dude don’t pay for nothing
He got money he need to go ahead and take care of them bills
Why would he do that? ask for money (loan) if youre allegedly have endless riches.
Because that’s how business goes
when these media entities claim that individuals are worth a certain amount that just means what the total value of their assets &various holdings are valued at that doesn’t mean that they have that in the bank in liquid cash, most of what you see theses dudes flawsin with comes from money from creditors since they have higher credit lines because their worth more but that doesn’t mean they generate the revenue to pay them fees & interest that’s how and why they start having financial issues
I disagree with that assessment. You take a loan when the amount of your worth is less than or slightly above the amount of the loan. However if you’re worth say 10 million dollars, are you really going to take a loan for 10,000 dollars? If I may add, business also take loans with the anticipation of making more money from that loan. Unless Baby is lying, he shouldn’t be taking out a $5 million loan.
The rich always borrow money that’s how they stay rich. Best to risk someone else money than your own.
They do but I explained it above as to why someone who is as “rich” as Baby wouldn’t take that kind of loan unless he’s doing so to build his credit. The fact that he’s not paying it makes me think he didn’t take it to build his credit.
none of these niggas know how money works. “i googled his net worth, he can’t pay that”? lmao
lol I used to get in debates wit cats about this sort of thing all the time fam and it happens a lot more than people realize too, diddy had creditors on him not to long ago & not that we condone counting what’s another man got in his pockets per say but they build their whole persona and images on being these financial mega moguls and then they get exposed
It’s crazy a man with that much money and can’t pay shit!! Next he’ll claim bankruptcy soon to protect his assets…Donald Trump being doing it for years.
What goes around comes around, my nigga
Bryan is a snake thats all I’m saying
No way dude can be going broke with the the success of YMCM?
when they first got on,,baby had a bunch of stretched out PT cruisers and shi* haha,,country ass don’t know shi* bout balling out
It’s crazy a man with that much money and can’t pay shit!! Next he’ll claim bankruptcy soon to protect his assets…Donald Trump being doing it for years.
Bryan is a snake thats all I’m saying