In a strategic move to evade further losses, Soulja Boy has come clean about one setback, albeit a considerably more significant one than the potential one he hopes to avoid.
According to Radar Online, the rapper, whose real name is DeAndre Cortez Way, often boasts about his immense wealth. However, despite these claims, he does not actually own the home he resides in and is burdened with a tax debt surpassing $1 million.
Moreover, the “Crank That” artist openly acknowledges his limited assets, which include three cars valued at $250,000 each (two of them) and $100,000 (one), approximately $18,000 worth of jewelry, and $50,000 worth of stock.
During the proceedings at the Santa Monica Superior Court on July 13, Soulja Boy’s attorney candidly stated that liquidating his client’s assets was unfeasible since they are essential tools of his trade as an entertainer, and preserving his public image is vital.
Even if all of Soulja Boy’s assets were to be liquidated, it would still be impossible to settle the $476,000 debt owed to his ex-partner, Kayla Myers. Consequently, he is petitioning the court to waive the punitive damages granted to Myers. In the event that this request is denied, Soulja Boy seeks to have the entire case dismissed, triggering the need for a retrial.
Back in 2020, Soulja Boy faced a lawsuit filed by his former girlfriend, Kayla Myers, alleging assault, battery, and false imprisonment. The incident purportedly took place at his Malibu residence and lasted for a grueling six hours.
Although Soulja Boy was never charged with criminal offenses related to the assault, law enforcement authorities discovered weapons on his property, resulting in a probation violation. He firmly denied any wrongdoing, instead attributing Myers’ injuries to the actions of a third party.
During that same month, a jury ruled in favor of Myers, awarding her $235,000 in damages.