Doug E. Fresh, the self proclaimed “world’s greatest entertainer,” is the latest rapper to make headlines for his financial woes.
The New York Post reports that because of unpaid mortgages that total close to $3.5 million, the “human beat box” has been hit with foreclosure actions on all three of his Harlem homes. According to a foreclosure suit filed in New York City in August, Fresh fell behind in payments upwards of $1.73 million.
Yet his financial problems don’t end there. The rapper turned celebrity event host, owes over $40,000 in state taxes, which has lead the IRS to tack on an additional $367,000 tax lien onto the bill. The father of five, also has an American Express credit card debt of nearly $60,000.
Fresh isn’t the only hip-hop personality that has been in the news for his economic problems. Ex Roc-A-Fella big, Dame Dash, has been in and out of the papers over the last year, most recently for falling behind on mortgage payments on two of his Manhattan homes. Super producer Scott Storch has also famously made headlines for his debts. The one time go-to musician for stars ranging from Beyonce to Dr. Dre owes over half-a-million dollars in back property tax and is facing child support and paternity suits in Florida. – Jesse Gissen
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December 15th, 2008
at 11:08 am
Mojo says:
Jay should bail him out. Ain’t that much for him, he’d be payin’ back to the foundation and quietly stickin’ it to Dame.
Reply
December 15th, 2008
at 11:24 am
T.O. REP says:
Maybe he should stop giving his money to that cult he’s involved in.
Reply
December 15th, 2008
at 1:05 pm
ri067953 says:
It’s called living beyond your means people. If your average income cannot support your lifestyle and your going $60,000 into credit card debit, you have no one to blame but yourself.
Reply
December 15th, 2008
at 1:07 pm
Curtis75Black says:
And ya’ll wonder why emcee’s do movies, television, commercials and what not. It’s to keep dough in their pocket. A emcee who owns their catalog can have their music played for a commercial and get paid everytime it’s aired. Movies if sucessful keep money in their pocket if their music stalls. We ain’t trying to stay or go back the the slums especially if you know how it feels to be out. I hope everything works out for the legend.
Reply
December 15th, 2008
at 2:00 pm
Hate Hate and more Hate says:
LMAO @ dumb ass rappers. It’s bad enough you can barely rap, but the fact that you can’t balance a fucking check book makes you as usless as bitch that doesn’t suck dick.
I don’t feel sorry for this nigga. Fuck him and his 5 niglets!!!
He better get to juckin & jivin on a McDonalds commercial. Than again there’s always UPS
Reply
December 15th, 2008
at 7:26 pm
that nigga says:
HAHAHAHAHA!!!
Reply
December 15th, 2008
at 2:30 pm
239allday says:
He’s not alone regarding those foreclosures. T-boz’s house is up next
Reply
December 15th, 2008
at 4:06 pm
Mark_Man says:
All that ballin aint good lol, live safe not flashy cus the recession has no favorites lol, everybody’s a victim
Reply
December 16th, 2008
at 12:37 pm
FrankWhite says:
Hip Hop is a culture and the rich should help the poor.
There is no telling what could come from lending a helping parachute. Those who are rich today might possible have foreclosure issues in the future.
Doug E, Storch, Dame could on top the money stacks by then and give back.
The world works in mysteries ways -
As we all know
BUT get caught up in the fast lane and forget to speak to those who pass by us.
Reply
December 17th, 2008
at 10:12 am
GREG 39 YEARS OLD says:
hey doug file chapter 13 just like trump did in the 80s and take a time out. then sell one of the homes………..
Reply