Soulja Boy’s web value is unfavorable, a choose discovered within the rapper’s authorized battle towards his ex-girlfriend. The choose recommended that Soulja lower his bills so he will pay a $472,000 judgment he owes the lady.
A Decide Discovered That Soulja Boy’s Web Value Is Destructive
In line with paperwork obtained by XXL on Friday (July 28), a choose denied Soulja Boy’s movement to have a $472,000 judgment thrown out in a civil case as a result of he had little or no cash within the financial institution and a $1 million tax lien. In courtroom papers, a Los Angeles Superior Courtroom choose discovered Soulja’s web value is unfavorable as a result of he did not present his monetary information to the courtroom. Nonetheless, the choose believes that Draco was ready to make sufficient cash to fulfill his debt.
The choose recommended to the Atlanta rapper that he lower his residing bills like shifting out of his Los Angeles residence.
“Somebody as near zero (financially) as defendant [Soulja Boy] claims to be would possibly wish to scale down the residing preparations,” the choose wrote. “$25,000 is numerous month-to-month hire—even in Los Angeles. There is no such thing as a motive of which the courtroom is conscious that he couldn’t relocate to a extra ‘modest’ $10,000/month residence. Additional, the courtroom is conscious of no money owed that the defendant owes apart from the tax debt and the judgment right here.”
The choose additional acknowledged: “Defendant [Soulja] have to be incomes cash from someplace adequate to pay for the hire and no matter different month-to-month bills he has. In different phrases, defendant is paying $300,000/yr in hire alone. It stands to motive that he will need to have another residing bills. And that cash should come from someplace. It’s not coming from loans, for defendant didn’t testify as to some other money owed.”
“So, though the courtroom doesn’t know from whence the cash is coming, it’s coming from someplace. It’s not an not possible inference to conclude that his total monetary situation have to be adequate to permit him to stay the life-style he does with out going into debt,” the choose concluded.
In line with the paperwork, Soulja Boy confessed that his belongings are restricted: he owns three vehicles (two are value $250,000 every, and one value $100,000), has about $18,000 value of jewellery and $50,000 value of inventory. His lawyer additionally advised the Santa Monica Superior Courtroom that he couldn’t liquidate his belongings as a result of they’re important to his profession as an entertainer, and promoting them would injury his picture.
Learn Extra: Right here Are Ridiculous Causes Rappers Acquired Sued
Soulja Boy Ordered to Pay 472,000 to Assault Sufferer
As beforehand reported, Soulja Boy was ordered to pay a $472,000 judgment to his ex-girlfriend Kayla Myers in connection to a February 2019 assault and kidnapping case the place the rapper was accused of hitting Myers with a gun.
In courtroom paperwork obtained by XXL, Soulja, born DeAndre Method, was ordered by a Los Angeles jury on April 21, 2023 to pay Myers $235,900 in damages, together with $1,800 for psychological well being bills and $234,100 for bodily and psychological ache and struggling. Myers was additionally awarded an extra $236,000 in punitive damages, that are meant to punish the defendant for his or her negligence and/or malice. In complete, Myers was awarded almost $500,000.
XXL has reached out to Soulja Boy’s attorneys for remark.
