Rapper DMX down to $50 USD networth.

In a real-life situation that sounds more like a tired old country song than the latest hip-hop single, rapper DMX has $50 in his pockets and nothing in the bank.

New court filings in the bankruptcy case of Earl Simmons, aka DMX, show the rapper has little to report in the way of assets as well as expenses that exceed his monthly income.

One of the top-selling hip-hop artists ever, DMX now says hes down to $50 cash on hand. Not only does he report, under penalty of perjury, that he has zero dollars in the bank, but he also denies having any personal property of valueno electronic equipment, no jewelry, no clothes and no cars.

Besides the $50 cash, DMX says the rest of the $1.4 million in assets to his name are tied to pending litigation and other claims.

As for his monthly budget, DMX is spending more than hes earning. Court papers show the rappers estimated monthly income is $5,000, but monthly expenses are $5,221 (including $1,000 on clothing and $500 on laundry and dry cleaning).

Source.

Why should I care?

Why should I care?

deeliman

[QUOTE="deeliman"]

Why should I care?

loco145

[QUOTE="loco145"][QUOTE="deeliman"]

Why should I care?

deeliman

Didn't he have a drug problem and got arrested a couple times?

he's pretty dumb, but this strangely makes me sad.

God the man is such a damn moron...

He had so much going for him yet continues to shit it all down the drain by doing dumb shit...

Someone teach this man how to use money properly. 

What an idiot

Didn't he have a drug problem and got arrested a couple times?

lostrib

http://en.wikipedia.org/wiki/DMX_(rapper)#Legal_issues

Prediction: DMX will "somehow" get up on his feet again and build an entire personal image based on that. You know, start rapping about how poor he was and how rich he became after being broke...etcGazaAli

Didn't he have a drug problem and got arrested a couple times?

lostrib

Didn't he have a drug problem and got arrested a couple times?

lostrib

Still has a drug problems. He's still getting arrested.

- Lord give me a sign!

- $50

Welp.

Well as a rapper that's pretty much all he deserves. At most.charlesdarwin55

What a cute post.

Well as a rapper that's pretty much all he deserves. At most.charlesdarwin55

He should go to Trump University, to find out how to spend his money properly.

:lol: What a f*cking idiot.

Well as a rapper that's pretty much all he deserves. At most.charlesdarwin55

Yup, pretty much. 

You would think that having come from a tough background guys like this would try to hold on to their money having experienced the struggle.  I mean they should be used to just living comfortably.  But instead so many of them lose everything.  This goes for rich athletes, celebrities and so on that came from low income families.  Funny how it never works like that though.

You would think that having come from a tough background guys like this would try to hold on to their money having experienced the struggle.  I mean they should be used to just living comfortably.  But instead so many of them lose everything.  This goes for rich athletes, celebrities and so on that came from low income families.  Funny how it never works like that though.

Jagged3dge

[QUOTE="Jagged3dge"]

You would think that having come from a tough background guys like this would try to hold on to their money having experienced the struggle.  I mean they should be used to just living comfortably.  But instead so many of them lose everything.  This goes for rich athletes, celebrities and so on that came from low income families.  Funny how it never works like that though.

JML897

Full circle. 

If I would get a monthly income of 5,000 a month I would definitely have more than 50 dollars to my name. 1000 dollars on clothes and 500 dollars on dry cleaning is insane. Ravenous_Joker

This is naturally the spiral a good majority of rappers go down on.

$50 dollars, that's it?

Maybe DMX should make a sequel to Exit Wounds to make some money.

He makes 5K a month, that is more than enough to live off of that dumb@$$.

You would think that having come from a tough background guys like this would try to hold on to their money having experienced the struggle.  I mean they should be used to just living comfortably.  But instead so many of them lose everything.  This goes for rich athletes, celebrities and so on that came from low income families.  Funny how it never works like that though.

Jagged3dge

I got $53 in my wallet. I have more money in my wallet than a rapper has in his pocket. Did the universe just implode on itself? :P

Not surprised in the slightest.

He might have dinner covered for a week if all of his 10 kids order value menu stuff. 

Yall gonna make me lose my MONEY, UP IN HERE, UP IN HERE!

I got $53 in my wallet. I have more money in my wallet than a rapper has in his pocket. Did the universe just implode on itself? :P

gamerguru100

I get the joke, but only a small minority of rappers are actually wealthy.

Going back to roots where you started. DevilMightCry