RAPPER NELLY OWES AMERICAN EXPRESS OVER $20,000

TMZ reports that rapper Nelly (real name Cornell Iral Haynes Jr) is being sued by American Express for running up a still outstanding credit card debt of $20,403.64.

Earlier this year the rapper’s ex-manager said his former manager had been struggling financially for some time, which Nelly later denied.

….

For goodness sake!!! Nelly made MILLIONS of dollars. Don’t these artists know anything about financial management and putting aside money for a rainy day????

Click HERE to watch Nelly’s MTV Cribs episode. The house was said to have cost $6million.

4 replies »

  1. I’m always amazed at how they have so much money. But they can’t pay their bills. They should all take finance classes and learn how to manage their money. Smh

  2. I also wonder how millionaires can become broke too but what you’ve got to understand is, when you acquire more money, you spend more money. Look at it on a smaller scale. I earn £10 – £15k per year more than I did 10 years ago but really I’m no financially better off, in fact I’m probably in a worse situation! The more you earn, the more you spend…it’s that simple. Having said that, there is no way that I could reach millionaire status then be bruk pocket ever again – I would definitely make sure of that. But I think there may be something genetic about ‘us’ and money, you may laugh but the concept of ‘money’ was created by Europeans, Africans traded in goods and services. To this day, I think this defines our relationship with money and why some of us may not be so good with large amounts of it.

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