Back in April rapper Soulja Boy was ordered to pay his ex-girlfriend $235,000 after she successfully sued him for mental and physical pain and suffering [click here if you missed that].
Now Soulja Boy has been ordered to downsize after arguing that he couldn't afford to pay...
From Radar Online
Soulja Boy was shut down in his attempt to have a 6-figure judgment thrown out due to him allegedly struggling financially — with a judge advising the rapper to cut his monthly expenses, RadarOnline.com has learned.
According to court documents obtained by RadarOnline.com, a Los Angeles Superior Court judge found Soulja’s argument unpersuasive.
The breakdown was $236k in damages and another $236k in punitive damages. Punitive damages are awarded to punish a defendant for bad conduct.
Recently, Soulja argued the punitive damages awarded were too high. He claimed that he was not as rich as he once was.
He testified that he made millions off of his 2007 hit Crank That but that has “spent a lot of money” over the years.
Soulja admitted he rents a home in Los Angeles for $25k per month. He doesn’t own any real property but has a car collection. The vehicles were worth around $600k when he purchased them. He testified he had another $18k in jewelry.
The entertainer said he pulls in $10k to $50k per show but has to pay a good amount to his team. Soulja said the pandemic hurt his bank account and all of his 2023 shows have been canceled.
In addition, he claimed to have a $1 million tax debt he’s working on handling. He argued he didn’t have the funds to cover the punitive damages award.
Myers objected to the position and suggested he sell off his assets to satisfy the debt.
A hearing was held on the matter this week. The judge came back and sided with Myers despite agreeing that “at least based on the evidence” Soulja’s “net worth is negative.”
However, he noted that Soulja has the ability to make 5-figures per show. “And while it is not clear that defendant could just snap his fingers and book as many shows as he would like, neither is it clear that he cannot work at all. It might not be the work he wants (and he might not be headlining), but the court has no reason to believe that he cannot perform at all,” the judge ruled.
The judge said Soulja’s $25k per month was a key factor in denying the motion to throw out the punitive damages.
He advised, “Someone as close to zero (financially) as defendant claims to be might want to scale down the living arrangements. $25,000 is a lot of monthly rent—even in Los Angeles. There is no reason of which the court is aware that he could not relocate to a more “modest” $10,000/month home.”
The judge added, “defendant must be earning money from somewhere sufficient to pay for the rent and whatever other monthly expenses he has. In other words, defendant is paying $300,000/year in rent alone. It stands to reason that he must have some other living expenses. And that money must come from somewhere. It is not coming from loans, for defendant did not testify as to any other debts. So, although the court does not know from whence the money is coming, it is coming from somewhere. It is not an impossible inference to conclude that his overall financial condition must be sufficient to allow him to live the life style he does without going into debt.”
He argued the punitive damages was not a multi-million-dollar judgment. The judge said the punitive damages will stay.
16 comments:
Live below your means.
Obviously no money management skills.
Now watch me yeuoh!!!
When Will people learn. Money is for the maintenance of your life. Not to spend on frivolous things to impress people who don’t give a shat about you. Go sit down somewhere and figure it out. I will be over here.
Where is Magic Done one at?
Where Don Juan at?
cee said...
When I say these fools are dumb! him the game and Tasha k wtf they think because they tell the court they broke they not gone have to pay their VICTIMS🤣 they figure let me show up to court with all my expenses and notice said expense are not even behind said expenses equals more than the income I’m showing I bring in but yet again said expenses are not behind they are paid! Do they think ppl dumb? Do they think ppl earned degrees only to not know basic mathematics ? You can’t stunt and ball like it’s no tomorrow then show up to court and claim broke if you gone play the part play it all the way go live in a one bedroom hut go sell off stuff look broke ohhhh but you cant because then it will show you have more money to pay smh! Just stop violating people and you won’t get sued and you won’t have to pay them!
10:26 AM
Financially illiterate.
Learn basic math you dummy
I never understood how that song even became a hit. There's no real beat and the words are just dumb.
Oh never mind. That's my answer right there.
He definitely has some money coming in if he’s able to pay his $25K monthly rent. Had he not been treating that girl like that he wouldn’t be in this predicament. Them drugs have destroyed his common sense.
Ain’t no money in music
10:21 you had me Lmao 🤣 I hated that song but his bday was this week and they played it and I actually felt a lil nostalgic bc his music reminds me of my 20s…but he def ushered in this crappy, young boy, tone deaf, “music”… him and Lil wayne…
12:37 he’s def getting it from somewhere and tea was spilled on that a while ago…😉
what a clown
Well Soulja boy that's the way the cookie crumbles y'all have stacks of money showing it off I guess u want it all back it's liquidating time u have to give it all back I guess but u enjoyed your self smmfh y'all get all this money and don't keep ur eyes on the bottom line meaning watch how u spend to late now what have we learned from this here situation?
Good call from the judge.
He’ll always be more than fine he can just let a rich old white man label executive suck him off etc etc
Post a Comment
Commenting Rules: Please watch your language. Disguise curse words if you must use them and do not threaten or attack other commenters.
Comments violating the rules will be deleted.