Since his peak in the late 2000s, Soulja Boy’s public image has gone through quite a transformation. Last year, some surprising news about his wealth emerged during a legal battle with his ex-girlfriend.
The Source reported that Soulja Boy was “facing financial hardships.” The rapper was reportedly trying to use this fact to get a six-figure judgment against him thrown out of court.
The judgment was related to serious allegations made by his former partner Kayla Myers, dating back to an incident at a house party in 2019. The court had ordered Soulja Boy to pay $472,000 in damages and punitive damages.
RELATED: The Real Reason Monica Punched Brandy in the Face
The Source went on to list some of Soulja Boy’s extravagant expenses. For example, the rapper reportedly rents a home in Los Angeles for $25,000 a month. He also reportedly has a car collection worth $600,000 and jewelry worth $18,000.
To pay for his unbelievable expenses, The Source reported that he made between $10,000 and $50,000 per show. However, he also reportedly has a tax debt of around a million dollars.
After presenting his finances to the court, the judge noted that Soulja Boy’s net worth was actually “negative.” However, the judge still awarded Kayla the full damages.
The judge explained the decision, saying it was “not clear that the defendant could just snap his fingers and book as many shows as he likes.” However, the judge went on to say “Neither is it clear that he cannot work at all.”
He added, “It might not be the work he wants, but the court has no reason to believe that he cannot perform at all.” The judge suggested to Soulja Boy that he might want to move to a more modest home for around $10,000 a month.
Soulja Boy Has Struggled to Pay Damages
Before his most recent legal battle, Soulja Boy’s most pressing problem was his tax debt. According to reports, the artist owed a major sum to the IRS in unpaid taxes. This has played a large part in Soulja Boy’s reported inability to pay his damages.
A few months after the court’s decision, the Los Angeles Times reported that things had gone from bad to worse for Soulja Boy. Court documents revealed in October of last year that a judge had approved a request for the seizure of some of Soulja Boy’s property.
The documents noted that this was at the request of a woman who remained anonymous. However, the LA Times suggested that this could be Kayla trying to collect her debt from her ex.
RELATED: Where Is Christina Milian Now?
The order said the Los Angeles County Sheriff’s Department was “authorized” to enter the rapper’s home in Bell Canyon, California. And that they would “seize and levy upon” his personal property.
Several expensive items were listed in the order. These included a Bentley, a Lamborghini, and a Mercedes-Benz.
As well as his cars, the department was also ordered to take a diamond-studded chain with the rapper’s stage name on it, as well as “all other jewelry and chains, and all cash.” According to the documents, Soulja Boy “possesses large amounts of cash, typically kept in backpacks.”
Following the news, the LA Times could not reach Soulja Boy for comment. But it seems likely that the items were retrieved to pay his damages to Kayla.
Soulja Boy Has a Reputation for Being Dishonest
Kayla was not the only woman to make allegations against Soulja Boy. In 2021, the same year Kayla made her accusations, model Nia Riley made similar allegations about the rapper whom she dated for several years.
The following year, Nia’s dad, Teddy, said he was looking for an apology for what Soulja Boy did to his daughter. He went on to say, “You gotta understand that you gotta be a man about it. Just be a man about it and keep it moving.”
Teddy also noted that Soulja Boy was “a successful guy.” However, in the years since his peak, many have had reason to doubt the extent of Soulja Boy’s success. This has partly been down to the many lies Soulja Boy has been accused of telling.
RELATED: Where is Diggy Simmons Now
In 2011, he celebrated his 21st birthday by sharing a photo on Instagram of him sitting in a G5 jet. He told TMZ that he bought the private plane for $55 million.
Days later, his representatives were forced to come out to clear things up. They told the press that Soulja Boy’s claims were entirely false.
After he was dropped from his label in 2013, Soulja Boy claimed that Birdman’s Cash Money Records was interested in signing him. But Birdman later came out to deny Soulja Boy’s version of events.
Repeated allegations of dishonesty about his career meant that the rapper’s public image took a major hit. But after the most recent news about Soulja Boy, things look worse than ever.
