UPDATE:
Mary J. Blige’s money woes include a notice on her apartment door about not paying rent
Here’s the 411 on Mary J. Blige’s financial troubles — they’re worse than we thought. The “No More Drama” singer’s reported money problems have gotten so bad, she was slapped with a notice on the door of her tony upper West Side apartment building after it was discovered that she “had a rent-paying problem” last November. The luxe building, the Ashley, boasts a basketball court, state-of-the-art gym and bowling alley.
“It was for not paying back rent,” said a real estate source who has leased apartments at the building. A three-bedroom apartment at the Extell Development site, similar to the one Blige was renting, rents for $9,000 to $12,000 monthly, depending on the view and amenities. Our source says the 42-year-old singer was there for a little more than a year before the note was plastered on the front door of the pad.
It is not clear if Blige sorted out the problem with building management.
As to what could be rapidly draining her fortune, Blige has been fighting a series of copyright infringement lawsuits. A music industry insider estimates this could be costing her upwards of $1 million yearly.
Blige, whose net worth was at one point a reported $45 million, has dug herself into a huge financial hole. In December, New Jersey filed a $901,769 lien against the singer. In November she was sued for failure to repay a $2.2 million personal loan that she and husband Kendu Isaacs defaulted on.
According to court documents filed in New York State Supreme Court in Manhattan, Signature Bank is seeking to recoup the original loan plus $58,000 in interest. The suit also names her production company, Mary Jane Productions Inc.
Blige’s charity, the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc., is also in trouble. TD Bank sued for failing to pay back a $250,000 loan, and scholarships awarded to girls are reported to have gone unpaid. The “Be Without You” singer said at the time: “The lives of young women are at stake. I don’t want them to suffer. I promised them something and I’m gonna deliver. Period.”
The R&B star has sold more than 50 million albums worldwide.
A rep for the singer and a music manager for Blige did not return calls for comment.
Read more:
http://www.nydailynews.com/entertain...#ixzz2LMGzk5LW
Mary J. Blige's Financial Problems Continue As Singer Gets Hit With $900,000 Tax Lien
Mary J. Blige's financial issues just seem to get worse and worse.
The singer, 42, has been hit with a $901,769.65 tax lien in the State of New Jersey, according to
documents obtained by TMZ. And to make matters worse, this delinquent tax issue is only one in a handful of monetary woes Blige has been faced with over the last couple of months.
The "No More Drama" songstress was just sued earlier this month for allegedly defaulting on a $500,000 bank loan. According to the lawsuit filed by Bank of America in New York State Supreme Court, Blige took out the loan in 2005 and stopped making re-payments in June 2012.
Plus in Nov. 2012, Blige and her husband Martin Isaacs were hit with another lawsuit after they failed to pay off a $2.2 million bank loan. According to court documents filed in New York State Supreme Court in Manhattan, Signature Bank is seeking to recoup the original loan plus $58,000 in interest.
But that's not all.
In 2012, Blige's charity, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc, was accused of mishandling funds and cheating scholarship students. TMZ reports that the foundation was sued for failing to pay back a $250,000 loan.
Blige's team has yet to comment on the tax lien.
http://www.huffingtonpost.com/2013/0...ef=mostpopular
That's bizarre, she always had writing credits on everything, she should be swimming in money.
