I don't believe for a minute that he is broke....
I do, however, believe he's a black man that may not know how to handle BILLS properly.........(some) black men have a bad rap for the way they handle their money, pay bills and their credit......
This is total BS... it was just announced the other day by Forbes he is the highest grossing "hip-hop"(if that's what you want to call it) mogul, even passing everyones GOD Jay Z. The majority of his money last year came from CIROC.......
He can't stop and won't stop spending! He's in places doing the Diddy dance saying "I'll take that, take that! He better slow down before the bill collectors and the IRS come in like we'll take that, take that back!
These rich people have financial problems like a lot of people. *cough*Donald *cough* Trump *cough* Bankrupt
The more money you have to shell out here and there the more mismanaged it gets. We are talking huge accounting books that include employees, bills, businesses, baby mommas, non-baby mommas or trick money, loans, taxes, contracts etc. I would like to have that kind of money without the fame and headache. I wouldnt stretch myself thin.
WELL CONSTANT FLOSSING WITHOUT ANY SUBSTANCE CAN DO THAT....WHO DOESN'T KNOW THIS BY NOW? THIS STORY IS LIKE A MP3 ON REPEAT-A FOOL AND HIS MONEY WILL SOON BE PARTED! C'MON SON.....INVEST, BANK, SAVE AND REPEAT! HOW STUPID ARE PEOPLE OF COLOR? CONSTANT LAME AND CLOWNISH POSING WITH NO ENDGAME......WE STAY LOSING AND WE DON'T SEEM TO CARE OF THE WORLD WIDE IMPRESSION THIS GIVES TO OTHERS. TIME FOR A CHANGE!
MTO IS AN ANATHEMA TO BLACK PEOPLE! CAN WE EVER SEE POSITIVE NEWS STORIES ON THIS WRETCHED SITE? CONSTANT COONERY AND MISREPRESENTATION IS NOT THE WAY TO GO. STOP BY AFRONERDRADIO.COM TONIGHT AT 6PM AND 7PM(THIS HOUR WE WILL BE INTERVIEWING FORMER HIP HOP PUBLICIST, SEBASTIEN ELKOUBY)-DISCUSSING PETITIONS TO CHANGE THE MINSTREL IMAGE OF COMMERCIAL HIP HOP AND WHY NOT PLAYING ALTERNATIVE BLACK MUSIC IS A FORM OF CENSORSHIP. WHY IS QUALITY HIP HOP AND ALTERNATIVE BLACK MUSIC NOT ALLOWED ANY BURN?
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A Majority of the Rich People in America keep their money in Off-Shore accounts. They have massive loopholes in their taxes and pay less percentage than the middle class. I wouldn't be so quick to say Diddy is broke. Just doin wat all the rich People doin..hiding their money n not payin for nothin while callin us entitled
Sorry but they are cracking down on offshore accounts. Cypress, which had no offshore laws, are now taxing those almost 50% for having their money in their banks because of banking failures. They are making foreign banks give up people hiding money or face repercussions. So it is getting tight.
That is what happens when people hide money in offshore accounts and don't pay taxes....economies fail and have to borrow money other countries. France is even having to jack up their taxes because the middle class and the poor can no longer sustain economies while losing jobs and incomes being reduced.Soon there wont be any banks to hide money.
It says he pays 90 days late for the last 3 years, which means he prob has a pay schdule, for his bills and thats when the accountants cut checks. And FYI mto the Centurian card aka Black carx has no limit and members pay $7500 a year on that card plus, an inuation fee and 2500 a year for additonal cards. Plus you have to jave a gross of 16 mil and net 13 mil to have it and keep it there are no Monthly charges. Smh
I owe proactiv money because instead of them sending the one thing I wanted they want to see me one every 30 days lol but that dont mean im broke everytime I plan to pay them back when I get the money in ky hand i think of how much less money im going to have if I pay them back and I change my kind. Lol so I doubt it
How much money Diddy is GROSSING has nothing to do with how much money he SPENDS. If you spend more than you make, whether you make $1,000 or $1,000,000,000 you will go broke at some point. It is entirely possible to be a millionaire 500 times over and still have a negative credit report. The issues that many celebrities, especially black celebrities have, managing their finances are well documented in the media.
doubt if he's broke. As for you ain't never heard of nobody that rich getting foreclosed on...the biggest rip in the foreclosure crises came from people like him with million dollar homes allowed to foreclose.
The other thing you may want to know MTOMG yall dumb...is depending on what state the property is located they have this little thing called redemptive rights. Meaning he could live in the house WITH the opportunity to redeem it (pay up the amount owed) and still let it go into foreclosure and guess what happens??? The lender offers him money to move in order to avoid the costly legal process. All foreclosures are not a bad thing...you just have know how to work it like the rich white people work it.
umm.. Mike Tyson lost 300 million dollars spending and flossing so trust, its very possible that he's having finance troubles. He's probably not broke to us I'm sure he has millions. But, please don't think he can't be broke because when you have lots of money you have to continue to pay taxes by the millions consitantly on that money, But, did anyone think this dude was going to go out on top? he's done so much bad to people Karma is a finally coming.
That pic looks like Diddy asking Jay out on a date, and Jay is like "For reals (giggling like a lil school girl), you gonna show me how to do this huh? And dude in the background is like "If he won't Diddy, you already know!
GTFOH Diddy ain't paying tHose lil bills cause he doesn't want to. According to Forbs he's worth over 500 mil (dept to asset) meaning after all his bills are paid he has hundreds of millions left over. That lil bill is chump change to him.
Stupid picture and caption. I know y'all *writers* are trying to be funny (ya ain't!) but the last time MTO posted about hacked celeb credit reports, they said Jay-Z had some messed up credit. So according to them (by caption) Jay-Z's credit is j.a.c.k.e.d up but Diddy (what a stupid name) is coming to him because of his supposedly equally j.a.c.k.e.d. up credit (which of course is b.u.l.l.).
Just all kinds of a.z.z. backwards.
Wealthy people frequently stiff their creditors, not because they don't have the money to pay, but because they don' want the secured property any longer, know they can get away with not paying the unsecured debt, and just don't care about their credit scores. They have enough cash flow to get anything they want.
LOL so funny. He thought he was so special acting all boojie and stuff. Jay-sleaze and bouncy next. What goes up must come down. Especially when arrogant boojie negroes don't give props to the man upstairs for their many blessings and instead sell their souls and praise the dark side. Stupid mofo suckers
Foreclosure doesn't mean you're broke, you nigguhs keep saying that shyt...if the value of the mortgage exceeds the value of the house (like say what happened the the housing market collapsed some 3-4 years ago *cough* *cough*)...than the smart thing to do would be to default the mortgage and foreclose.
These are the same hackers that hacked the First Lady, Hillary Clinton, Angelina, George Clooney, Tiger Woods etc. and all the reports from them were bogus. MTO, why dont you do some research before making fools of yourselves.