Why Tekashi 69 is BROKE & Financially Troubled! MTO News reported yesterday that Tekashi 6ix9ine is going through a financial cash crunch. Well Now MTO News has obtained the REAL documents provided from his accountant. Tekashi is in the middle of a multi-million dollar lawsuit, and the judge has required that the rainbow hair rapper disclose all his assets. Yesterday, Tekashi’s accountants released his income from the past 4 years. And according to the accountant – who has sworn to tell the truth under penalty of law – Tekashi is now making only $2,000 a month. Tekashi had a great year in 2019 when he raked in nearly $10M. But his money dropped in 2021. And now in 2022, he’s making a monthly average income of a little more than $2,000 and projected to make less than $30,000 for this year. In this episode, I provide commentary on Tekashi 69 allegedly being broke and on the verge of bankruptcy after court documents surfaced displaying his financial trouble.
Source courtesy of MTO news https://mtonews.com/we-got-tekashi-6ix9ines-bank-records-he-now-only-makes-2000-mth-look https://www.celebritynetworth.com/richest-celebrities/richest-rappers/6ix9ine-net-worth/
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Montay Lee 0:41
In this video you are going to find out why Tekashi Six Nine went broke and what you can do moving forward to not end up in the same situation. So my name is Montay Lee. I’m the host of the Karat Juice Podcast.
In this video you’re going to find out why Tekashi Six Nine went broke and what you can do moving forward to not end up in the same situation. My name is Montay Lee, this is the Karat Juice Podcast and you already know we’re gonna get right into the story because I don’t want to waste your time I have two sources here the first source is courtesy of Media Takeout news and indicates we got Tekashi Six Nines bank records. He now only makes $2,000 per month Media Takeout news reporter yesterday Tekashi Six Nine is going through a financial cash crunch well Media Takeout news has obtained the real documents provided from his accountant.
Alright, Tekashi Six Nine is in the middle of a multi million dollar lawsuit and the judge has required that the rainbow hair rapper disclose all of his assets. Yesterday Tekashi Six Nine’s accountants released his income from the past four years and according to the accountant, who has sworn to tell the truth under penalty of law Tekashi is now making only $2,000 per month, Wow. It also says Takashi had a great year in 2000 when he raked in. I think that’s 2019 I think it’s 2019 when he raked in nearly 10 million, but his money dropped in 2021. And now in 2022. He’s making a monthly average income of a little more than 2000 and project projected to make less than $30,000 this year yeesh. So here is the statements here. As you can see, I’ll also link leave a link to this article in the description. According to six nine his deal with 10k projects into in February and he hasn’t paid back his advance. He says I did receive a I did receive large advances under the recording artists and merchandising agreements prior to my arrest. Daniel Hernandez better known as Takashi six nine set and court documents however, I do not receive any royalties under those agreements either since my royalty accounts remain an recouped. I have had to try to restart my career after my release from prison. I was out of business for two years which caused me to lose all the momentum I had achieved before I was arrested. I may never reach the levels of success I had before my arrest. He says Tekashi tells the court he is hardly bringing in income through the COVID 19 pandemic putting a damper on his ability to make show money. Right now I am struggling to make ends meet. I do not know if I’ll ever command the kind of advances I was paying for my rest and my career stalled. He continue if the court awards the compensatory damages and punitive damages sought by the plaintiffs at this inquest, it will surely bankrupt me in a way from which I will never recover to the permanent detriment of the family members who rely upon me and that is definitely pretty serious. All right. And then the second article that I wanted to show it’s just talking about how his net worth and a lot of the money that he has a coop over his year, Early life and career earnings I don’t need to go into that. Let’s just go into the money okay record deals. Six nine has a huge social media has used social media to brag about several different Record Management deals in January 2018. He claimed in a now deleted Instagram post that he signed a $7.5 million record deal. A month later, he claimed has signed a $15 million management deal with bird man’s rich gang company. About a month later he claimed that sign a $4.9 million deal with a headphone company. According to several record industry insiders we reached out to there’s no evidence that any of these deals were real. And in October 2019, he signed a $10 million deal which I referred to earlier, Tekashi signed a confirmed record deal with record company 10k projects that deal is reportedly worth at least 10 million, and will involve two future albums, one in English and one in Spanish interesting. And he had a global stream deal in July 2020, where he announced he has struck a $5 million dollar deal with live streaming company global stream now. The deal covers one virtual performance to be held on September 5, 2020. He has had legal issues Okay, you guys get the gist, alright.
So that is the story. And I’m going to get my thoughts on this. At the onset, I talked about how Tekashi Six Nine reportedly went broke. And some things that you can do to not end up in a situation like this. The first thing I will say, This man is Hispanic, but I do know in the urban community, you know, black people, Hispanic people, minorities, people who grew up in an urban environment. Financial literacy is not preached and talked about enough is a flaw there. And I think financial literacy, and people knowing about money before they get money is a great way to be able to mitigate some of this. So I think in high school curriculums, even middle school, even elementary school to start talking about money. Secondly, living within your means is a you know, understated and lost art far too often. And I’ve been subjected to this too. When I was younger, you get money. And right off the bat, you want to just go spend it you want to get that you know endorphin rush from buying some new thing you know, posting a pic on Instagram. And that money comes in one hand and it goes out the other. I think that’s part of the reason of what has happened with the hip hop culture. And I think that’s what what happened here with Tekashi 69, he was very hot in 2018 2019, even 2017 He got these advances from the least this one company that’s confirmed, and he went bought a ton of jewelry with it. He went and bought cars, all of this type of stuff, living the life, you know, because he thought that his career was gonna last a long time. He was one of the hottest artists, whether you like them or not during that time, I mean, he was literally nuclear high & he capitalized on that. And he’s living without, he’s living outside of his means clearly, multiple cars, all that type of stuff. And the music has not been to the level of what his stardom was. Alright, so living within your means could definitely help you also will say that another thing that you can do, to not end up in this situation is learn about investing, learn about things that retain and grow in value and do not depreciate in value. Buying a car, buying jewelry for the most part, unless it’s like a designer unless it’s certain watches, specialty watches is going to depreciate in value. So you need to start investing in real estate, you need to start investing in 401k brokerage accounts, you know, the stock market Roth IRAs, you need to become adept at those type of things, because the amount of money that he got advanced if he put it in investments, He will be fine. He will be making money off the compound interest of that. So that’s something that people need to be aware of because that’s the difference from getting wealth. Well that’s the difference from having some money and eventually becoming wealthy and having some money and being in a situation like Tekashi Six Nine right now. And in conclusion, do I think Tekashi Six Nine is gonna bounce back from this? Yes. Whether you like them or not, I really don’t listen to his music like that. But I’m just talking about the subject matter here. He is a master marketer. He’s great at getting attention on himself. He’s great at trolling people and getting people to pay attention to what he is doing. I think if he focused more energy on that on marketing, and selling himself rather than all the antics that he does, I think he will be able to bounce back from this. And I think his best play is going to be something that’s based on online, okay, you can’t do shows in person right to Kashi. But maybe what you could do is you could do something where you’re online and you’re putting out your music in an interactive way so people can interact with your music your fans can interact with your music that way because in all honesty, he’s most popular online with a certain group of people. And I think that’s the play for him and I think he will bounce back from this so that’s my thought on this situation. Let me know what you think go ahead and drop a comment let me know Do you think he’s gonna bounce back from this do you think his careers forever damage after the whole thing with that he went through with the core issues let me know what you think. If you enjoyed this content, do me a favor, like the video as it’s free and it really helps out subscribe to the channel to get more content like this and if you haven’t done so already, hit up the website (karatjuicepodcast.com). All of my content is on there. You guys can check it out for anything Karat Juice Podcast is going to be available, check out the website, and without being too long winded. I’m going to end it there. And until next time, peace.