Usually we here at MediaTakeOut.com are SAD when we hear that a celeb is having financial pressure. But some people DESERVE to be broke.
Take rapper/actor Xzibit for example, dude filed for BANKRUPTCY TWICE. You would think that would make him more financially aware, but NOOOO!! Dude goes out and leases a BRAND NEW Range for $2200 a month.
Here's how the Detroit News is reporting it:
He's filed bankruptcy twice since 2009, but both filings were dismissed for various reasons. On July 29, 2009, he listed assets totaling $739,433 -- mostly homes in California and New Mexico -- and more than $1.4 million in liabilities, according to court records.
For a man who reached mainstream fame through an MTV show about pimping vehicles, Xzibit didn't own one. He was leasing a 2006 Range Rover for $2,230 a month, according to bankruptcy court records.
The bankruptcy filing provides rare insight into the volatile fortunes of an entertainer. In 2007, he earned $497,175 starring in "Pimp My Ride." But after the show was canceled, his income plummeted to $67,510 in 2008, according to court records.
Ok a couple of questions here. First, how do you own ”MULTIPLE HOMES” in New Mexico and California and they only add up to $740K?
Second, how the F*CK is this dude paying $2,230 a month car note when he only makes $67,000 a year. Is he out his GOTT DAYUMMM mind.
Finally .. . this fool only makes $67K a year. Now don’t get us wrong, that’s more than we make. . . . but how you gonna act like you BALLIN with that salary.
I guess that MTV money aint that long... Heads up to the Jersey Shore folk
oh my, where'd all the money go
you betta *** some rides down here in Atlanta
another spend all your money away rapper which can't affort too...
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SAD *** X
Foolish. These stars need to take an economics class so they can see how unrealistically they're spending.
They only spend to show off their money--but when they run out they continue to spend that way. Why can't they save themselves the future embarrassment of public bankruptcies & just cut down on their spending? Is that so hard to do?
People want to be extravagant, but never humble.
- - -
@gummyworms has common sense. >_>
This washed west side wannabe rapper needs to just lay low and stop living above his means.
get it together
dam i make more money than dis nucca!!my two mortgages are still less than his 2200 range rover payment...and all 3 of my whips is paid off..they not brand new but i have no car payment..by delaying gratification, we build discipline,we establish control of our financial lives...FIRST WE WORK, THEN WE EAT..OH YEA AND CRAZY JAMAL AND TEAM NICCER YOU DUM NUCCAS ARE BROKE AS FOOK,POSTING AT 9 ON THE DOT LAME A$$ NUCCAS
He should have pimped his pocket
Dam thats his fault
I could never see or hear the talent in X that his fans did. Personally I know local guys who have more appeal, are more lyrically skilled and have a unique sound than he ever did, but him like a lot of no talent artists get lucky breaks sometime in life. When they get those breaks though they should be aware and actually save and be frugal with spending their money. 4u2
Hey yo X upload ya story to killyoself.com
Hide ur cars! I know them Mexican showed him hOw to still a ride too!!
MTO ....... WHY........ LAWD!!!!!!
Lollollollollollollo llollollollollolloll ollollollollollollol lollollollollol!!!!!..... Thats so funny (tears)
*** X. He used 2 b runnin sh!t when he was on *** my ride.
$2,220 a month on a f*cking lease. Whoever is standing near XZibit please slap
wth - naw, mane how u leasing and old range for 2300 a month - ridiculous
Yo not Xzibit man, he better put some singles out soon.
This is what happens when Rappers don't plan for the long haul. What X should have
done was to copyright his own show and sold it to Discovery, or SPIKE T.V. or
something and invest your money wisely. I am just done with most of these rappers
most of them are stupid as hell...SMDH!
Stop trying to live outside your means. He's gotten roles in a couple of movies & from what I've seen, he's an okay actor; not great, but okay. He should've find an acting coach & an agent & start doing movies again.
this fool need to be kick in the ***
Flat out ignorant.
@ prohater agree..@ topic how in da hell he paying 2200 on a car Dats crazy.. I just got my car taxes *** was 750$ *** lol
I so agree. IGNORANT as hell. Don't feel sorry for those who have massive change yet do ignant ish with it.
I guess white women don't help ya credit lol dang be smart lease a navi or denali even a tahoe lol 2200 that's a houe note
My bad spell check house not
Wow who would think MTV was paying him that much for that dumb azz show?!? He's just another clown living above his means trying to front in southern Cali. Hahaha!!!
mto yall wrong for this...but funny caption
somebody needs to *** his career. that's f*cked up. i love x to tha z lol
May people LEARN !!!!Let the ILLUMINATI keep their S-H-I-T !!!...From the GIT-GO !!!...aint worth it !!!!
If he makes $67k a year,meaning I am richer than him....yes..I AM RICHER THAN
XZIBIT...***..I am happy to read this.I have a job and I do *** between
sweden and ***.i thought i am broke..*** I am better than a
wow, i would love to earn 70k a year!!!!
I'm sorry but I don't feel the least bit sorry for people who had the opportunity to better themselves but instead chose to waste their money on stupid materialistic things to impress folks that don't even notice em when they fall on hard times.
@FredFlintstone, go *** Betty, yes not Wilma, and STFU ya dumb bish.
All celebs going broke leasing a range do 22hunid fckn idiot he getn jackd rite there multiple
homes in Cali and new mexico 730thousand must be some tiny houses
Homie better get back in the studio
Same old story. I met X like 100 years ago when he was rolling with the Alkaholics and he was one of the
coolest cats ever. But still homie...get ya mind right!
Also...WTF is up with leasing a 06' for 2 stacks a mo? Them ishis go for around 13,000 grand now. Even with bad credit you can push one for $2,500! I know cause I almost did one until I came to my senses. Fluck keeping up with the joneses...
Not a fan of his music but he was pretty charismatic on *** my ride. Maybe he can get another job in TV.
that doesn't necessarily mean he is broke and why the hell does he need 3 houses anyways???
MTO..IT IS POSSIBLE TO OWN TWO HOMES ONE IN CALIFORNIA AND ONE IN NEW MEXICO. HOMES IN NEW MEXICO ARE NOT THAT MUCH
MTO..SO WHAT HE FILED FOR BROKE...WHITE PEOLE DO IT ALL THE *** TIME...I ONCE WORKED IN THE CREDIT INDUSTRY AND SOON AS YOU FILE BANKRUPTCY, NEW CREDIT OFFERS ARE FLOODING YOU WITH MORE OFFERS TO ESTABLISH YOUR CREDIT.
MTO DONT KNOW ***. WHO SAYS YOU HAVE TO KEEP ALL YOUR EARNING ON PAPER? JUST LIKE THE ONE STORY ON *** WHERE A EX HOMELESS BLACK MAN MADE 75,000 ONE YEAR RECYCLING CANS, PLASTIC, GLASS, AND STEEL.
MONEY MADE FROM RECYCLING IS TAX FREE!
Yeah he so stupid. For us regular people that would be good but he's in denial and still want to live that life he once had and it cant happen with 67k a year. He can still have a home and a nice car with that money but he gonna have to start living like the "little people" so they say and save. He lucky he's getting that. Get off them dumb *** MTV shows and start getting serious with other real career options now.
67K??? Wow that's hardly any $ at all! Thats exactly what I mean these celebs are broke as fu#*. Go to school kids, fame doesnt equal wealth. Own don't lease! SMH @ black celebs. Have they ever heard of a rainy day fund? Teach your children to save.
Why is it that whenever a topic comes up, no matter the issue a few ppl have to mention what white ppl are doing? Who gives a fcuk what white ppl are doing. It sends a subliminal message that whites are the measure that we use on ourselves. No group has it together, and nothing is ever as it seems, so be careful who you use as a measure in life.
@ topic..Xibit should have been living in a townhouse at most, bout 3 houses. 2K on a car? Should have bought a used one for 6-8K. He has a charming personality, but charm obviously doesn't pay enough. Know yourself and stop trying to impress ppl who don't give a *** about u.
As usual, MTO is full of ish. Where are these *** Fred and them speak of? A LEASE on a Range Rover would never in life be $2200 a month. Smh. And if dude had an 06 Range his lease would probably be up because leases are usually 24 to 48 months MAX...48 months is rare these days. After the period is up, you have an option to buy or turn the vehicle over...
@DATOUCHEDINDAHEAD stfu...black celebs arent the only ones bankrupt. what about willie nelson, kim basinger (a white "queen"), Jerry Lee Lewis, Burt reynolds, wayne newton, even freakin ed mcmahon and donald trump...get a clue...all up in ya
You cannot file for bankruptcy twice in one year
EVERYBODY LINE UP AND LAUGH AND THROW STONES. BTW MTO YOU SHOULD MENTION THAT HE
IS ON ANOTHER POPULAR, POSITIVE SHOW EXTREME HOME MAKEOVER.
thats how lIfe Is sometImes...I dont know why yall thInk tha famous dont go broke or "MAGiCALLY" know how 2handle there funds JUS becuz there, um..."FAMOUS"! smh...
dont b shocked If 10years from now ur favorIte rapper aInt broke also...
***...some people just dont make smart moves...he is a nice dude tho i had the pleasure of meeting him here in LA...I wish that man nothin but the best
You idiots do know he makes 67K on paper right? My uncle owns the largest cab
company in Wash. DC and on paper he makes 45K. You people do know you have to pay
yourself a salary even though you own the company for tax purposes and
establishing credit. He made 400K as salary for *** my ride, but never stated
what he made from acting. He has been in over 20 movies and shows and is currently
on Detriot 187 tv show. Not to mention concert & appearance money
someone needs to *** his life
*** dude need to get his financial game up..
@GQ_336, Good to know. I actually enjoy watching him. He makes me laugh and seems natural in front of the camera. There's too many stiff fake personalities on TV as is.
a fool and his money..ain't funny!!! wow!!! go figure!!! normal people just out and get a job and cancel all the lavish living..and be random with it..xzbit..i use to love *** my ride and as well as my son.. and my son still get a kick watching the reruns on tv..dude..get it together,ok..