Soulja Boy's Net Worth Is Negative, Judge Tells Him Cut Expenses

Soulja Boy’s internet price is detrimental, a decide discovered within the rapper’s authorized battle towards his ex-girlfriend. The decide recommended that Soulja minimize his bills so he pays a $472,000 judgment he owes the girl.

A Judge Found That Soulja Boy’s Net Worth Is Negative

According to paperwork obtained by XXL on Friday (July 28), a decide 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 Court decide discovered Soulja’s internet price is detrimental as a result of he did not present his monetary information to the courtroom. However, the decide believes that Draco was able to make sufficient cash to fulfill his debt.

The decide recommended to the Atlanta rapper that he minimize his residing bills like transferring out of his Los Angeles dwelling.

“Someone as close to zero (financially) as defendant [Soulja Boy] claims to be might want to scale down the living arrangements,” the decide wrote. “$25,000 is a lot of monthly rent—even in Los Angeles. There is no reason of which the court is aware that he could not relocate to a more ‘modest’ $10,000/month home. Further, the court is aware of no debts that the defendant owes other than the tax debt and the judgment here.”

The decide additional said: “Defendant [Soulja] must be earning money from somewhere sufficient to pay for the rent and whatever other monthly expenses he has. In other words, defendant is paying $300,000/year in rent alone. It stands to reason that he must have some other living expenses. And that money must come from somewhere. It is not coming from loans, for defendant did not testify as to any other debts.”

“So, although the court does not know from whence the money is coming, it is coming from somewhere. It is not an impossible inference to conclude that his overall financial condition must be sufficient to allow him to live the lifestyle he does without going into debt,” the decide concluded.

According to the paperwork, Soulja Boy confessed that his property are restricted: he owns three vehicles (two are price $250,000 every, and one price $100,000), has about $18,000 price of jewellery and $50,000 price of inventory. His lawyer additionally instructed the Santa Monica Superior Court that he couldn’t liquidate his property as a result of they’re important to his profession as an entertainer, and promoting them would injury his picture.

Soulja Boy Ordered to Pay 472,000 to Assault Victim

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 Way, 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 whole, Myers was awarded practically $500,000.

XXL has reached out to Soulja Boy’s attorneys for remark.