Birdman
Entertainers and athletes sometimes suffer from bad
planning. Rapper and Cash Money owner, Birdman, is no different. For
years he flaunted his wealth with wasteful financial displays, but
according to the latest report, his money problems have worsened.
Birdman, real name, Bryan Williams, owes $12,447.28 in maintenance
fees on his condo in Miami. He has not paid his homeowners
association fees in months with reports of bounced checks.
Considering tens of millions of dollars have flown
through Birdman's hands, this was preventable. The Judiciary Report
constantly advocates proper financial planning and careful spending.
Birdman spent money putting mink in his cars as upholstery and on
his feet, via shoes, in ostentatious purchases that quickly
depreciated. He purchased a mansion in Miami and over renovated it
for the area. He spent six figures on one chandelier alone and
imported a fortune in marble.
Birdman has wasted several million dollars on buying
luxury cars and customizing them, for vehicles that have lost 70
percent of their worth. He has also wasted a lot of money on
entourages, women and partying, to the tune of millions of dollars.
That's money that could have been working for him in a sensible side
business outside the industry.
Previously, the Judiciary Report covered Birdman's
financial woes that began to surface this year (Young Money Becoming
Broke Money As Creditors Sue Lil Wayne And Company ).
However, he like many mainstream stars believed the money would
always be coming in. Making huge sums of money and continually in
the business is the exception and not the rule.
STORY SOURCE
Birdman Bouncing Checks in Miami
Monday, December 01, 2014 - For the past few months
insiders have been whispering that Cash Money Records was suffering
from a major cash crunch and headed toward bankruptcy. That would
explain why Cash Money CEO Birdman has been bouncing checks…
According to The Jasmine Brand Bryan 'Birdman' Williams has been
bouncing checks to his Miami condo homeowners association and is
months behind on his HOA dues. Apparently Birdman hasn't paid his
HOA in over 6 months forcing the association to place a lien on his
condo to the tune of $12,447.28...
