Rapper Lil Kim goes broke, files for bankruptcy and selling her house

by Staff writer

It appears times have become a lil’ rough for American platinum-selling rapper Lil Kim.

Just days before a bank foreclosed on her 6,000-square-foot gated mansion in early May, the 43-year-old rapper has filed for Chapter 13 bankruptcy in a New Jersey court.

Not only does the rap queen owe more than $1.47 million unpaid taxes, but, according to New York Daily News, Kim (born Kimberly Jones), also owes more $4 million in debts, including an additional $664,474 in late mortgage payments for the $2.3 million house which she bought in 2002.

In court documents, Kim revealed her income has dropped substantially in the last few years—from $823,659 in 2016 to $398,000 last year.

Kim now lists $18,286 as her monthly income (from which about $12,784 go to expenses).

As a result, the home the rapper shares with her three-year-old daughter is going up for auction on June 29.

Share this post with your friends:

One Comment on “Rapper Lil Kim goes broke, files for bankruptcy and selling her house”

  1. Lil Kim, The most fav. rapper of all time. She is an inspiration for me, lil kim's net worth is huge and she has worked hard to achieve that.

Leave a Reply

Your email address will not be published.