You see your favorite rappers on TV shining like diamond and bragging about how much money they have. But most of this is a really ugly lie and one that makes black people look as ignorant as any minstrel show in the history of our country. You’ve seen what rappers say about themselves on TV, but here’s some truth about how your favorite rapper is probably going broke right now

Lil Bow Wow was in court after his Bentley was repossessed. He revealed that he had only $1,500 in his bank account. He now has a job on BET’s 106 & Park, but this is probably not enough money to get him out of debt. According to Celebrity Net Worth, Bow Wow owes $90,000 to the IRS and another $280,000 to a luxury car leasing company. So, while his debt of financial distress remains unclear, it’s very clear that he’s living on the edge financially.

Young Buck from G-Unit went bankrupt and lost his home, forcing him to sell his jewelry and everything else. If you listen to any of Buck’s songs, you’ll hear that he usually rapped about how much money he had and even made fun of other rappers who’ve gone broke.

Ludacris was in a custody battle with the mother of his child and revealed in court filings that he earned only $55,000 over the previous year. That’s hardly the paycheck of a baller. Yes, that was $55,000 and yes, that was 2013.

 Ja Rule went to prison for two years for tax evasion after owing millions to the IRS. He gets out soon, and will spend the rest of his life paying off the debt.

 Fat Joe – went to prison after pleading guilty to tax evasion after owing over a million dollars to the IRS.

Method Man was arrested for failing to pay taxes back in 2011. He resolved the matter, but remains in debt. He also keeps trying to make a comeback, but it’s just not working out.

Xzibit – former host of the MTV show, “Pimp My Ride,” filed bankruptcy after owing over $1 million dollars to the IRS. He hasn’t had a hit record since Bobby and Whitney were in love with each other. He has filed bankruptcy twice since 2009.
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