Rappers Who Lost All Their Money

Publish date: 2024-05-08

Xzibit had a flourishing rap career starting in 1996, with a platinum and two gold albums long before he started hosting "Pimp My Ride" on MTV. But the popular show, where people brought their old, beat-up cars in for custom makeovers, seemed to be his real cash cow. It only lasted from 2004 to 2007, and the show's cancelation seemed to take Xzibit and his bank account by surprise.

According to Detroit News, in 2007, Xzibit earned $497,175, but the year after he lost his lucrative TV gig he only made $67,510. This was a problem considering the lifestyle he got used to during the good years. He owned homes in California and New Mexico, and by 2009, his 7,650-square-foot mansion was facing "imminent foreclosure." He also didn't own a car, even when hosting a show about them, instead wasting money leasing a Range Rover for $2,230 a month. By 2010, he found himself $1.4 million in debt.

Xzibit also had a problem paying taxes, and he couldn't totally blame his show's cancelation for that since he failed to pay up in 2006 and 2007, and then 2009 as well. Between 2008 and 2010, the IRS came for their money, demanding just under a million in back taxes. Xzibit tried to file for bankruptcy, but his filings were dismissed and his property liened.

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