So So Def Records founder Jermaine Dupri (f/k/a JD) once rapped “Money Ain’t A Thang” on his 1999 breakthrough single. Now, the Atlanta, Georgia-based executive, producer and onetime artist will be taken to task over that statement. Dupri was sued by exotic car dealership Premier Financial Services over missed payments on a Lamborghini Murcielago.
In 2011, Dupri was sued by the dealer for approximately $79,000 in missed car payments on the $330,000 Italian sportscar. Dupri’s Lambo was reportedly repossessed that same year. Two years later, according to TMZ.com, a judge has ruled in favor of the dealership. The mentor to Bow Wow, Kris Kross and Da’Brat now must pay the balance.
Dupri, a former top executive at both Virgin Records and Island Records, is currently facing IRS debts estimated at a reported $800,000.
RELATED: Jermaine Dupri Owes IRS Nearly $800,000 In Unpaid Taxes
I got only 3 words…Pay Your Taxes lol
I only have 4 words…. You had Janet, dummy!
This old Jiminy Cricket looking ass nigga stays losing. First the IRS and now this shit. Better go and produce a hit for Bow Wow. He’s damn near in the same boat as you are.
every month i read about a new jermaine dupri story which confirms that money is in fact a thing
and this niggas runnin out
I just cannot understand why these folks keep running into tax problems, I mean, really y’all claim y’all all about money, I got this, I got that, yadiyadi, yadiyada blah blah,-nah fuck all that I got an accountant bullshit-It is your money not your accountants, instead of party and bullshit, worry about what is important if not then it’s three hots and a cot-big dummies
accountant’s…
dont blame accountants, for all you know they told him NOT to buy a $300k car.
Dont go broke trying to look rich
JD is a disease, see he is broke, so in turn everyone he mentored is broke as well, bow wow, da brat, kriss kross etc.
dumb nigga spending money on dumb nigga shit. typical nigga choices. How about investing that money…why do niggas do dumb nigga shit!
Smmfgdh….*sigh*
no comment…..
LAMBO’S AINT EVEN COOL NO MORE IF EVERY RAP NIGGA GOT ONE!!!!!!!
fuckin idiots!…………………………JESUS!!!!!!!!!!!!!
Y’all wanna floss with us??
http://www.youtube.com/watch?v=5l1sBt1c9Tk
http://www.youtube.com/watch?v=5SCtyEOJy0A
Its so sad to see another artist with no financial knowledge. This guy made millions and millions of dollars and is now being chased for the crumbs he has left. SMH at all the cars, clothes and hoes he wasted his money on.
He has nobody to blame but himself.
No wonder, he hasn’t wrote a hit since 2008. Matter of fact, he barely made anything in the music industry in the last few years. And it seems his other ventures (if he had such ones) weren’t so successful, meanwhile I highly doubt that he held back his spending habits.
I remember him being on cribs and talking about how he had to buy Bentley’s and Lambo’s for one reason: other rappers were buying them.
thats one of the reason some of these rappers get into trouble later on in life. instead of getting a nice little 50-60k car, they ball out and get exotic cars that MULTI Millionaires drive. they are trying to look good but f*ck themselves over.
ja rule the realest nigga 4ever. # 2 decades of dominance.
#RuleTalk
STUPID! STUPID! STUPID! and this ninja cant buy a track placement right not. sad but i cant feel sorry for him unfortunately…
http://www.youtube.com/watch?v=rhkB95J5c9s
http://www.youtube.com/watch?v=6W1tG-m4NSU
http://www.youtube.com/watch?v=H28uibSLdfg
Pay your taxes you nigga’s hustling backwards.
http://www.youtube.com/watch?v=zkD3jV9cgAI
jermaine going broke
the struggle is real for this nigga
http://www.gangstaraptalk.com
Whats the problem he can find work as an actor. I heard they need new midgets for the new Hobit movie
i dont get how this dude owes the IRS 800k but was driving in a lambo. dude better scale back and get a prius.
money IS a thang
800k is pocket change for ja rule.
What was that? Jermaine Dupri. Fuck it.
Pay up midget
I’m a broke midget with no gas money for the lambo.