financial trouble

Dame Dash Reveals How He Got So “Broke” Before Roc-A-Fella Auction

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It’s no secret that Dame Dash has dealt with some financial issues in recent years. Currently, he’s gearing up to watch his Roc-A-Fella shares be auctioned off by the government. The auction is scheduled for later this month, and the minimum bid is $1.2 million. Profits from the sale will reportedly go to Josh Webber and Muddy Waters Pictures, who won a massive defamation and copyright lawsuit against Dash in 2022.

Ahead of the auction, he chatted with fans on Instagram Live, providing them with an update on his financial status. He answered one of fans’ most frequent questions, which is how exactly he’s gotten to this point. According to him, it wasn’t actually all that difficult.

Read More: Dame Dash Promises Roc-A-Fella Chain To Highest “Reasonable Doubt” Bidder

Dame Dash Claims Investing In His Dreams Made Him Broke

“Somebody asked me how I got so broke,” he began. “Investing in my dreams. You know, when you’re investing in your dreams and you dream big, you’re always gon’ be broke. You’ll have a lot of sh*t but I don’t have no money for nobody else if that’s what you call broke. That’s what it is. Either way, I’m get with y’all. Stay tuned. I’m curious to see how it all rolls out.” Dash’s latest update arrives just days after he promised to sweeten the deal for whoever ends up buying his portion of Roc-A-Fella.

In a clip that surfaced earlier this week, he revealed that he’ll be gifting “an original Roc-A-Fella chain from around [his] neck” to the buyer. “If I don’t give you the chain, it’s not a legit Roc-A-Fella chain,” he added at the time. What do you think of Dame Dash addressing how he became so “broke” on Instagram Live? What about his claim that investing in his dreams is the culprit? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

Read More: Dame Dash Fires Back At JAY-Z For His Latest Move Regarding “Reasonable Doubt”

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Hit-Boy Purchases Home He Previously Lost Due To Financial Struggles

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Recently, Hit-Boy took to social media to show off how his hard work has paid off. In a new clip, the performer is seen sitting around a table alongside various other, working on designing his new home. While his “dream estate” is certainly impressive, it’s even more impressive that he can now afford to buy it, when at one point he couldn’t even afford to rent it.

“Some of y’all might remember when i went on akademiks podcast and talked about falling on hard times back around 2017,” he captioned the clip. “Crzy how life works i just bought the property in beverly hills i was renting then and couldn’t afford at the time and now im designing my dream estate on it. [praying hands emoji] stay focused stay motivated keep going.”

Read More: Rapsody And Hit-Boy Are Dodging “Asteroids” On Their New Song

Hit-Boy Shares Meaningful Message About New Home

“Inspiration on top of inspiration,” he added. Plenty of Hit-Boy’s fans and peers are sounding off in his comments section, praising him for how far he’s come.
“Yea!!!” Ty Dolla Sign wrote alongside various fire emojis. 2 Chainz also chimed in, calling the major accomplishment “hard.” Clearly, Hit-Boy couldn’t be more proud of himself, and followers can’t blame him.

Hit-Boy’s new home isn’t the only thing he has to be proud of these days, however. At the end of last month, he dropped off a new collaboration alongside Rapsody, “Asteroids.” The fittingly-titled track centers around dodging hate and disrespect, and coming out on the other side knowing one’s own worth. It was also recently revealed that he’s nominated for a Grammy. He’s in the running for Producer Of The Year alongside Jack Antonoff, Metro Boomin, Dernst “D’Mile” Emile II, and Daniel Nigro. What do you think of Hit-Boy buying the property that he previously lost due to his financial struggles? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

Read More: Hit-Boy Shares The Story Of How Frank Ocean Introduced Him To Nas

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The post Hit-Boy Purchases Home He Previously Lost Due To Financial Struggles appeared first on HotNewHipHop.

Fetty Wap’s Lawyer Speaks On Drug Charges, Says He Was “Desperate” Amid Financial Struggles

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In a court filing earlier this week, Fetty Wap’s defense team spoke on the rapper’s motivation leading up to his alleged involvement with a drug ring. They cited his desperation to keep up with the financial obligations of himself and others as the cause for his involvement. The lawyers also went on to say the rapper is apologetic for his crimes, realizing that his actions were a mistake. His charges carry a minimum of five years in prison with a maximum of 40 years.

“What makes this case unusual is Mr. Maxwell’s motivation,” Fetty Wap’s lawyer said. “Personal gain was not his motivation. Rather, he was motivated by his commitment to financially support others. He now realizes that he does not have to carry the weight of the world on his shoulders.” The lawyer continued, “Suddenly it felt like life was going in reverse and he became ashamed when he began to struggle to keep up the lifestyle that he created for so many.” He also claimed that “His judgment became impaired. Desperate to keep up with his financial obligations, Mr. Maxwell became involved in the instant offense for a few months in the spring of 2020.”

Read More: Fetty Wap Speaks From Jail: “Never Bent, Never Fold”

Fetty Wap Was “Ashamed Of His Struggle”

Fetty Wap performs at Orpheum Theater on December 28, 2018 in New Orleans, Louisiana. (Photo by Josh Brasted/Getty Images)

Fetty Wap was arrested in October 2021 on federal drug charges. He pleaded guilty to conspiracy to possess and distribute 500 grams or more of cocaine in August. When the rapper was arrested, police recovered a myriad of illegal substances and weapons. This included 16 kilograms of cocaine, 2 kilograms of heroin, and fentanyl pills. Police also seized two 9mm handguns, a rifle, two .45 and .40 caliber pistols, ammunition, and $1.5 million in cash. He was also later labeled by prosecutors as “a kilogram-level redistributor for the trafficking organization.”

In a statement made by Michael J. Driscoll after the rapper’s arrest, he said, “The pipeline of drugs in this investigation ran thousands of miles from the West Coast to the communities here in our area.” He also added that it was “contributing to the addiction and overdose epidemic.”

Read More: Fetty Wap, R. Kelly, Ghislaine Maxwell & More Get Christmas Meals In Jail

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Gabrielle Union & Dwyane Wade Split Bills 50/50, She Admits To Financial Security Struggles

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Gabrielle Union and Dwyane Wade have long been one of Hollywood’s favourite couples. From speculating about their life in the bedroom together to praising the way they parent the athlete’s transgender daughter, Zaya, the pair has cemented their status as #CoupleGoals. Never one to shy away from being candid about her personal life, the Bring It On starlet recently sat down with Bloomberg to discuss an unusually taboo topic – money. Seeing as she and Wade have both made a name for themselves in their respective industry, it’s easy enough to assume their set for life. According to Gabrielle, however, that’s not exactly the case.

While she’s certainly gone through tremendous growth over the years, Union is open in sharing that she still deals with financial anxiety. The outlet asked her, “When did you develop your first sense of [monetary] security?” to which she answered, “I still struggle with that. I have more responsibilities for my money.” The mother of one said that there have been times when she’s stressed over whether a movie role will open or not, seeing as she has so many people to take care of outside of her own husband and kids. Thankfully, being able to split costs with Wade 50/50 has been an immense help for Gabrielle.

Read More: Dwyane Wade & Gabrielle Union Give Advice To Parents Of Transgender Children

Gabrielle Union Gets Real About Money

She’s certainly grateful for the luxurious life her star status affords her, but still, the 50-year-old knows that if she’s not working, “somebody ain’t gone eat.” Even with all the success she has in front of her, Union feels fear about the potential of the “rug [being] pulled from under her” unexpectedly, leaving her in a state of financial ruin, or unable to take care of loved ones.

Elsewhere in her discussion, Gabrielle discussed her endeavours in activism, as well as converting her career success into multimillion-dollar brands. Prior to becoming the household name we know her as now, she spent several years struggling to make it in Los Angeles. After plenty of perseverance, she proudly displays movie star, film producer, and author on her professional resume.

Read More: Gabrielle Union Reacts To Twitter Speculation About Her & Dwyane Wade’s Sex Life

Actresses’ Full Chat with Bloomberg

Check out Gabrielle Union’s full interview with Bloomberg below. Are you surprised to find out she and Dwyane Wade split their expenses 50/50? Let us know in the comments, and tap back in with HNHH later for more pop culture news updates.

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