Chris Brown: Wait, so you're telling me this dude is broke!
This dude's got my checks, man!
Music manager, Bu Thiam, the brother of rapper, Akon,
has lost his Atlanta mansion to foreclosure. Thiam, who recently
began managing singer, Chris Brown, was unable to pay his property
taxes and his house was auctioned off by the court. Some in the
industry will reason, if a music manager loses his home to
foreclosure, unable to pay basic property taxes, how can he secure
lucrative financial deals for clients, when he cannot manage his own
finances.
Chris Brown
Additionally, for months some of Chris Brown’s fans
spoke out online against Bu managing the star. Their concerns will
not be allayed when they find out Brown's checks go through Bu
first, who takes his cut, then passes on the rest to the singer.
Bu Thiam
Bu’s brother Akon is also having financial problems.
His $300,000 Ferrari was repossessed by the leasing company, for
missing payments. Years ago, Akon made money off music for a time,
but like many stars, began living the high life and did not save for
a rainy day, believing money would always be coming in. It often
does not work that way. Akon’s career hit a major decline, as many
entertainers experience and he found himself in debt and
overextended.
