Tuesday, February 19, 2013

Mary J. Blige Facing Eviction?


Mary J. Blige's money woes just keep getting bigger.

First Mary defaulted on $250,000 in loans earmarked for her charity [click here if you missed that], then she was sued by Signature bank for defaulting on $2 million in personal loans [click here if you missed that], followed by an identical suit from Bank of America after she defaulted on another $2 million personal loan [click here if you missed that]. 

Now comes news Mary is having trouble paying her rent...

From NY Daily News
Here’s the 411 on Mary J. Blige’s financial troubles — they’re worse than we thought. The “No More Drama” singer’s reported money problems have gotten so bad, she was slapped with a notice on the door of her tony upper West Side apartment building after it was discovered that she “had a rent-paying problem” last November. The luxe building, the Ashley, boasts a basketball court, state-of-the-art gym and bowling alley.
“It was for not paying back rent,” said a real estate source who has leased apartments at the building. A three-bedroom apartment at the Extell Development site, similar to the one Blige was renting, rents for $9,000 to $12,000 monthly, depending on the view and amenities. Our source says the 42-year-old singer was there for a little more than a year before the note was plastered on the front door of the pad.
It is not clear if Blige sorted out the problem with building management.
According to reports Mary's finances are in a shambles because she's being bleed dry by a mountain of copyright lawsuits.

54 comments:

Anonymous said...

R IN NYC SAYS:

Damn Mary.....when it rains..it pours. First Kimbella and Juelz now Mary and Kendu about to be living with mama and 'em.

Who the hell is her accountant, financial advisor? What's really good in the hood when you go from rags to riches and back to rags?

This is so ridiculous. I want to feel sorry for her but I just can't do it. There's no excuse for this.

Anonymous said...

What is going on here? She may not have been mega-huge but she has had a long consistent career that should have built a decent nest egg. I don't remember any stories of her having a bad contract a la LaFace artists, so it drugs? Gambling? She never seemed like an extravagant spender who's shopping sprees would be all over the gossip blogs.

No wonder she made that crispy chicken video.

Anonymous said...

How do you have a career spanning back to the 90's and not OWN at least one house? No way should she be having to rent ANYTHING.

That's the first thing I would have done is pay cash for a house so if push come to shove nobody can come take it away.

Anonymous said...

Why is she renting?

Anonymous said...

Exactly 7:23. There is something missing here........

Anonymous said...

I agree @7:29.
How is a home not one of your first major purchases after you sign that deal? This is crazy! She signed off on all those loans with no real money coming in like that. She's been out since early 90's and no place to call home. Sounds like drugs, maybe?

Anonymous said...

Hmmmm...I'm starting to get the impression that these artist aren't as rich as they appear/seem. Hence Beyonce being unable to sit her ass down somewhere and take a much needed, very long break. And why Rihanna releases an album every year, and why she too hasn't sat her ass down somewhere and taken a break!

Mary of all people should not be in this predicament at all. I read online a few days ago, which Snitch hasn't listed, that Mary's being sued for either $9000 or $900,000 by somebody else (another bank I think). That's beyond sad.

Anonymous said...

I hate to say this but her having her husband as her business manager was never a good idea. I never got a good vibe from him at all. He has a grimy demeanor. I bet when its all said and done, the closet door opens and all sorts of skeletons will come tumbling out....

I love you Mary but there is no way you should be in this predicament.

Anonymous said...

It's no sercet that she was a major coke head back in the early nineties. And when she a had Platiunm record she was still living in the project's. Record company's alway's take advantage of these type's make them work they ass off and give them little for it. Smdh.

Anonymous said...

This is what happens when you let dyck run your money

Anonymous said...

You'd be very surprised how many of these artists are living check to check.

Anonymous said...

Just when you thought Mary J. Blige's financial problems couldn't get any worse ... TMZ has learned the singer has been hit with a $900,000 tax lien in the State of New Jersey. Blige -- who was JUST sued earlier this month for allegedly defaulting on a $500k bank loan -- is now on the hook for $901,769.65 in back taxes to the Garden State, this according to official documents obtained by TMZ. The tax lien is the latest in a string of financial woes for the Grammy winner -- just last year, Mary J. was sued for allegedly defaulting on a $2.2 million bank loan ..  and before that, her charity was sued for not paying back a $250k loan. Back in May, Blige blamed the charity's financial issues on the staff -- saying, "The problem is that I didn't have the right people in the right places doing the right things."We reached out to Blige's camp for comment on the tax lien -- but so far, radio silence.

Anonymous said...

Wow this is hard to read... People if you make a dollar you got to save 50 cents..

Anonymous said...

@8:20pm

You are correct, they aren't as rich as they seem. They sell us an image that they want us to buy into because its attractive and luxurious. They start believing their own hype and and end up in debt. We see this time and time again from the ballers to the rappers to the R&B singers. I remember when Rihanna at one point only had $20,000 in her bank account and this was during the Rated R era when her fame was taking off. They get paid with advances from the record label but that money is not theirs and must be paid back, so they go on tour or appear in films. The ones who have the real money are the actors who score big gigs on the silver screen.

Anonymous said...

I feel bad for her. For her to be as big a star as she is, she shouldn't be going through this. I believe that she may have been taken advantage of a la TLC style. If not now maybe early on her career. For her to be going through this something is seriously wrong somewhere. And for her Husband to be her manager and she's in a predicament like this, he gets the mean side-eye.
Keep ya head up MJB!

Anonymous said...

Kendu is bleeding Mary dry.

Anonymous said...

Off topic; I remember it being reported on the rumor mill that Rihanna was broke (2009).
And if Beyonce has so many millions, why is she touring without dropping any new music after just having a child? I'm now understanding why Bey's so cheap...in terms of paying (or not paying) her dancers, hairstylist etc. I remember when I read that story thinking why is she such a cheap skate and she's rich.

Anonymous said...

And to add to my comment @8:51. Beyonce's hairstylist quit on her at the time the story came out, and Bey was walking around with her hair looking a mess. It's nothing but smoke and mirrors with these celebs! In saying that I do wish Mary well, and I hope she's able to pull through this.

Not so shady-girl but A GOOD WOMAN!! said...

Mary just keep your FAITH AND BELIEVE THAT EVERYTHING WILL BE ALRIGHT JUST TRUST IN JESUS HE ALWAYS GOOD!!!!!!!!!

cns said...

Her husband/manager may have forged her name on those loan documents. She may or may not be in on it.

TRACY LOVE GOD 4 EVER .. said...

Merciful God, Thank you for sending Jesus Christ!! (King James Version) James 1:5> If any of you lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not; and it shall be given him.
***
Wow, When will these celebrities learn??? Uncle Sam, is going to get his "Money" One Way Or Another. To put it plainly: This doesn’t make any sense. When you make millions on an album, you know the government is going to get it’s cut. But for some reason, some celebrities think paying taxes are Optional. We all go through Trials And Tribulations, ask our Heavenly Father for guidance, peace, and comfort(God will walk you through). No money, More problems..Sign your own checks!

TruthBeTold said...

I crave fried chicken every time there's a Mary J.Blige post

but really, she should have purchased a cozy home in a good location long time ago , would't have this problem now
It's funny how people think the money will never stop coming/run out

Anonymous said...

@ 8:20 & 8:31

You guys just said it. These artists are not all as rich as you think they are. The media has a habit of rattling off all these dizzying figures that they're supposedly making; making maybe, but its not what their taking home. Being an artist is just a business. Yes they may earn a large amount of money in one go e.g. when they're on tour but like any business they will have outgoings and there's a lot an artist has to shell out.

The advance that they initially get from their label, you might as well call a loan and they're expected to claw that money back through their music sales, merchandise, tours etc as this forms just part of the share the label claims back from the artist depending on the contract.

Their outgoings will include studio time, producers, sound engineers, songwriters etc and particularly with producers you get what you pay for. To get someone like say a Timbaland in, who's got a good track record when it comes to chart success, he's going to quite rightly command a hefty fee, so thats more of your share already gone before the album's even been made. Then they have their wardrobe, stylists expenses, their transport costs - Private Jet hire is more big money your kissing goodbye to, accomodation costs (plush hotels as we already know dont come cheap either), i've not even touched the marketing side so these are just a few of their outgoings.

Their incomes are not always steady like a football player's because if they're away from the scene a little while, their income can drop considerably which is why the likes of Rihanna are put on the treadmill constantly. Any slight period of inactivity can be costly to the artist and ppl behind them.

At the end of it all, we're not privy to how much they're really taking home. I do agree with those that said Mary should have bought up some homes outright when times were good. I know some rich folks do take out mortgages, but the ones that really tend to do well from this are those with sound knowledge of the financial markets and have the time to keep constantly tracking the markets to find the best deals. I know some will say thats what you get a financial advisor for but how many ppl have they screwed over.

TRACY SAID...PRAISE THE LORD! said...

9:43 AM....CONTINUATION- FAITH WITHOUT WAVERING. WHEN YOU WAIVER YOU'RE TELLING GOD- I DONT TRUST YOU. James 1:6 King James Version (KJV) But let him ask in faith, nothing wavering. For he that wavereth is like a wave of the sea driven with the wind and tossed.
**
(The Message)>>>Ask boldly, believingly, without a second thought. People who "worry their prayers" are like wind-whipped waves.

TRACY LOVE GOD 4 EVER .. said...

9:54 AM...TYPO-DON'T NOT DONT!

Anonymous said...

Wasn't there a story about a year ago with some financial advisor's wife spilling the tea about Beyonce and these other rich celebrities spending up their money faster than they could earn it?

It explains why so many of these people refuse have a seat and take a deep breath. They aren't doing any better than Pookie working overtime at the plant so he can pay his rent and car note on time.

Anonymous said...

Tracy, shut your stupid ass up.

Anonymous said...

CLIVE DAVIS IS GAY?? TOLD YALL SO LAST WEEK. X Y AND Z, WE WAS RIGHT.. DAMN .. SO P.DIDDY, RAY J. USHER ALL YALL NEED TO COME OUT. YOU TOO JAY Z... DAMN FAGGOTS!!!

Anonymous said...

This is what happens when you let dyck run your money

8:30 AM
--------------------
YEP AND SHE SOLD HER NJ HOME THEN RENTED AN APARTMENT. I THINK IT WAS DRUGS THAT SHE RAN THROUGH. NEVER COULD STOP. POOR LITTLE TINK TINK!!!

Anonymous said...

@8:51 Beyonce ain't that cheap if her and Jay are buying $80,000 tables for her place in TriBeCa.

Anonymous said...

She can't read the contracts!! I think if you are..let's say Diddy evil ass...and a person comes in stupid as all hell and can ride them like a money wave...you all get it.

She was probably just happy to be on TV and hood famous. Now it's biting her in the ass. Diddy probably still getting paid her and all the others who managered and produced her.

Anonymous said...

I know exactly why Beyonce works so hard. My husband was her accountant a few years ago and he warned her to slow down on spending. She didn’t like the advice so fired him with severance pay.

I am reading off a detailed bill right now. Keep in mind, the fees may have changed a little. Beyonce is paying well over 30K a month just for her Tribeca condo.

She was advised to move to New Jersey and she was considering it. She came close to closing on a nice home but her overbearing husband stopped that deal right in its tracks against my husbands advice. On top of that she has the following monthly expenses:


Jet fuel/rental- $75,000 a month
Tribeca NYC apt- $30,000 a month
Publicist Yvette-$10,000 a month
Bodyguard Julius-$8,000 a month (more overseas)
Makeup Artist oncall $2500 a month
Live in Chef $ 7500 a month
Live in maid $ 4000 a month
Personal Accountant 4000 month
Dereon Accountant 3000 a month
Manager (matthew) $!!!100,000 a month!!!
Personal asst Angela $5000 a month
Personal Trainer: $7000 a month
Dietician: Max $4000/month upon diet change
Car detailing and driver: $7000 a month
Pocket cash on hand $50,000 a month (she spent it all EVERY MONTH)

I don’t have the originals, but I do have the spreadsheets. The spread sheet I got the info above from totals approx $317,000 in monthly expenses.

Beyonce brought in an average of $470,000 a month. My husband and I always laugh when FORBES releases those inaccurate yearly salarys for celebrities, because trust me, they don’t make half of what FORBES wants you to believe.

I would also like to add that every time my husband warned her about her income, she would say “I will just do a magazine cover shoot to cover the charges, I am in high demand” which was true. She could call up ANY magazine and get paid $100,000 plus JUST TO BE ON THE COVER!! Ever wondered why Beyonce is splattered on every magazine in the world? Shes doing it to stay afloat!
___________________________

Now, if Beyonce is doing the most just to keep the bills paid, and we all know she is in much higher demand than MJB, we can see why Mary did that BK Chicken commercial!

Anonymous said...

and y'all thought Prince was crazy!!!
these artist have been and will continue to be ripped off until they take OWNERSHIP of their own material, careers, images, etc.
the music bizness is set up much like a pimp/ho relationship...the pimp scouts for fresh talent that he deems could make him a lot of money...much like A&R execs...they bring em in, clean em up, make them over and then they send em!!!

in the words of Bishop Don Magic Juan "i supply the food, the house, the clothes, the medical, the only thing she (the ho) needs to supply is the money!

Anonymous said...

@10:48...wow, just wow...i believe u are telling the truth!

Anonymous said...

IMO her career and her $$$ started sliding over 10 years ago when she stopped singing "sad" songs. She had a huge fan base back then because we could relate to the pain in her songs and in her voice. Then she got happy and wanted "No More Drama". And fans like me stopped buying her music-it was too commercial and generic. The quality I loved about her old music was that she was MARY-going through life's ups and downs and putting her heart into every word.

She needs to record all of this pain and drama in an album-it will be a huge success and she will get out of her financial problems.

I wish her the best of luck in whatever she does, and I hope she will take my advice :) I miss the old Mary and her music.

Anonymous said...

^^^She can't read the contracts!! I think if you are..let's say Diddy evil ass...and a person comes in stupid as all hell and can ride them like a money wave...
------------------------------------------------
Absolutely! Its like taking candy from a baby and all Diddy had to do after she signed on the dotted line, just as Don King did to Mike Tyson was sit back and watch the money roll into HIS account.

Anonymous said...

@10:54

I pasted that item about Beyonce's finances from another site. I remember seeing that about a year or 2 ago. It shows how deep into debt a lot of these celebs really are, living above their means.

That's why I can't understand why people refuse to believe that Bobbi Kris will probably end up with some nice pocket change, but not much more, when all of Whitney's debts are settled.

Anonymous said...

@ 10:48

Straight away that staggering expense bill you showed i could save over $100k per month by getting rid of those 2 ball & chains you listed at the beginning - Private Jet Hire and as your husband rightly advised that Tribeca apt. She's hemorrhaging money each month just because she needs everyone to know what a lavish life she's living. Surely she could also trim that personal trainer cost by half aswell but for her nothing less than the most expensive will do.

If what you said about Jay-Z stopping her from offloading the Tribeca apartment is true, then he's an even bigger cunt than i already thought. No doubt instead of investing that money in a place in New Jersey, she's probably wasted it on a load of shares in her husband's Brooklyn Nets team which for all we know could turn out to be not such a bright investment 5 years down the line.

Anonymous said...

and all this will make for a GREAT album...fa real fa real

Anonymous said...

I agree 10:55 & 12:10

Anonymous said...

@ 10:22 AM

^ Thank you, whoever you are.^

Anonymous said...

Damn, I thought Kendu was to the rescue on all things Mary. They didn't think to take advantage of the foreclosure crisis and buy a damn home. Who doesn't want to own a home. Sure Lady Gaga sings about "we still pay rent because you can't take it with you" but maybe she has extra money to throw back into her community or maybe it's just a damn song.
Whatever, celebs have been starting to make me sick with their arrogance and their feeling that they're above all the normal-typical responsibilities of human life.

Anonymous said...

Blame Mary, DiddY and Kendu for this
I'm out

damnairfresh said...

We wish Mary the best.

Anonymous said...

I know $10,000 is chump change to celebrities, but there's NO WAY I would RENT a place for one year paying $9,000 a month, celeb or non celeb. That's money thrown away. Most of our black celebs appear to have no financial common sense, let alone any education in finances. I wonder if MJB had a bank account growing up before she became famous. I had my first bank account at age 15 and was saving and managing my own money. My first year in college I took a semester on Personal Finance and learned how to work the stock market and learned which mutual funds to invest in. I don't get these celebs. MJB worked hard for her money to end up in bankruptcy. There's no indication she was suffering from an illness or something of the like that would cause bankruptcy. It sounds like poor money management. There's no way I'd go back to the ghetto I came from. Hell Naw!

Anonymous said...

Give a man power over your career and you stay losing. You knew better but didn't do better MJB...so sad for you!

Anonymous said...

Her and her broke ass man (KENDU) living above their means.

WHERE IS Oprah, Jayz, Beyonce, Diddy, and Alicia Keys, they are her BFF

Anonymous said...

A few yearrs ago I read an article that said MjB was renting a mansion in Beverly Hills or Fla. for
100grand a month. When I first read it I thought the price was astronomical and ridiculous 4 just renting. Then I thought maybe she could afford it because of her longivity in the game and her copyrights. I think she was renting it for a year.
I hope she will be ok. She has already overcame a lot so she can overcome this too. It seem like she still have her mind. Thats what count the most.

Anonymous said...

Mary, Mary, Mary, smh, Mary! Never, ever, ever, mix business with pleasure!!!!! Kendu aka Ken sh.it should have only played the role of your hubby. Because you allow your hubby to dip his hands in your gold pot, it's all tarnished smh. Fired his a.s.s and then kick him to the curb ex wifey style!!!

Anonymous said...

iTS SO SAD TO HEAR THIS ABOUT MARY!! I too am a fan of her old music and chaged the channel for the new crap. She did that KFC chicken commercial because she had to. I knew then the girl was having money woes. I wish her the best but this doesnt happen to country singers who started when Mary did, their money and fame grows not stop. Wish you well Mary!!

Anonymous said...

Isn't this the same MJB that spewed that prosperity gospel nonsense and said that her god wanted her to "bling"? Well, according to a magazine interview several years the answer is yes.

"While Mary J. Blige professes a closeness to God, she defended her love of expensive jewelry and clothing in an interview with Blender magazine. “My God is a God who wants me to have things,” the singer explained. “He wants me to bling. He wants me to be the hottest thing on the block. I don’t know what kind of God the rest of y’all are serving, but the God I serve says, ‘Mary, you need to be the hottest thing this year, and I’m gonna make sure you’re doing that’.”

I'll pass on Mary's god and she probably should have, too. instead of "blinging" she should have gone to Howard U. At least she most likely would have gotten her money's worth.

Wasn't her sister her manager at one point? i think so. She should have kept it in the immediate family, instead of falling victim to the dick.

Anonymous said...

Bunch of BS. Everything I read I don't believe

Jazzy Moe said...

Poor management! Kick em to the curb child.

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