3 – Birdman
And now we get to Birdman, co-founder of cash money records.
Birdman is one of those people who has a heavy spending habit, but he has an ability to quickly make more money and bounce back.
He’s had various money issues over the years, and his latest legal issue involves his huge multi-million dollar Miami mansion. Basically, he took out a 12 million dollar loan for it, and he’s having trouble making
payments.
He went into default back in 2017 and he was ordered to immediately give up his place in
January of 2018.
But that wasn’t the only property he had to give up! He also had to give up his North Miami office space which is where his recording studio is located! As of November 2019, the foreclosure is still ongoing.
All of his stuff in the house were confiscated and put into storage once the bank reclaimed the house.
However, that didn’t mean anything to Birdman! Out of all the things he could have taken back from the house, he was accused of stealing back 4 collector Gucci bikes manufactured by Gucci. Bank officials asked a judge for help in getting the bikes back!
What people don’t understand about being rich is that it is easy some times to be rich but very hard to remain rich,there come in the place of planning, investment, saving,if not ,one will fall back again to poverty
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