10 famous rappers who went broke

10. Trick Daddy

Trick Daddy

Although the Miami native has a big heart for the kids, he failed to pay his taxes in 2002, 2006, 2007, and 2009 which totaled to $157,024. He has been quiet as far as new music releases and it is uncertain if he can recover from his financial problems.

9. Xzibit

Xzibit

The famous rapper and host of MTV’s Pimp My Ride was reported to owe federal back taxes totaling $1 million in 2011. It was last reported that he still owes over $130,000.

8. Lil Kim

Lil Kim

Since going to prison a few years ago, Lil Kim has not been able to recover from her financial troubles. In 2008, her former record label sued her for $2.5 million, banned her from making more music, and she owes seven year’s worth of back taxes totaling $1 million.

7. Method Man

Method Man

Famous for Cash Rules Everything Around Me (C.R.E.A.M.), Meth faced a tax evasion charge and 4-year prison sentence. He pleaded to lesser charges and is less well-off financially versus his earlier days when Enter the Wu-Tang was topping the charts.

6. Beanie Sigel

Beanie Sigel

Since the demise of Roc-A-Fella Records, Beanie was found guilty of tax evasion and is currently spending his days in prison.

5. Young Buck

Young Buck

Remembered for his public shaming by the IRS in 2010, Young Buck cannot seem to regain his finances or stay out of legal troubles.

4. Ja Rule

Jah Rule

Since his hits dried up in the mid 2000s, Ja has served a short prison sentence for tax evasion. He still owes the IRS $1.1 million.

3. Uncle Luke

Uncle Luke

The 1990s made Luke a superstar with raunchy lyrics and bass thumping tracks. However, Luke Records went into Chapter 11 bankruptcy in 1995 and Luke has been flying under the radar since.

2. Common

Common

After Bank of America claimed that Common was not keeping up on his mortgage payments for a luxury condo in Chicago, it was sold for $350,000. Common took a $50,000 loss.

1. MC Hammer

MC Hammer

Although he still runs his own Christian ministry, it was reported in 2011 that the Can’t Touch This still owes $700,000 in back taxes to the IRS.

Source: HipHopMyWay.com