DeAndre Cortez Way, popularly known as Soulja Boy, has been a prominent figure in the music industry for over a decade. From his breakthrough hit “Crank That (Soulja Boy)” to his entrepreneurial ventures, he has made a lasting impact on the hip-hop scene.
However, behind the fame and success, the rapper faces significant financial challenges, particularly his tax debt. Recently, a judge revealed his negative net worth during a legal dispute with his ex-girlfriend, Kayla Myers, which has shed light on his financial hardships.
Soulja Boy finds himself grappling with financial difficulties as he navigates a legal battle with his ex-girlfriend, Kayla Myers. The rapper sought to have a six-figure judgment dismissed, citing financial struggles, only to have the judge rule against him.
According to RadarOnline.com, Soulja Boy’s argument failed to convince the court, and he is now obligated to pay Myers for an alleged assault in 2019. The court has ordered him to pay a total of $472,000, half of which is designated for damages and the other half for punitive damages.
At present, Soulja Boy is renting a Los Angeles home for $25,000 per month and owns a car collection valued at $600,000. Additionally, he possesses jewelry worth $18,000. However, the rapper does not own any property, which has contributed to his challenging financial situation. Despite earning between $10,000 to $50,000 per show, a staggering $1 million tax debt remains a significant burden on his finances.
Analyzing the details presented in the case, the judge acknowledged Soulja Boy’s “net worth is negative” but still ruled in favor of Myers, awarding her the payment owed. While it remains unclear if the rapper can easily secure more shows, the court does not believe he is incapable of working altogether. The judge proposed that Soulja Boy consider relocating to a more modest residence, around $10,000 per month, to alleviate some financial strain.