Popular American rapper T-Pain has revealed how he went from being $40 million rich to having nothing.
Sharing a great story on “The Breakfast Club” show about the rough ride he had with his finance, T-Pain recalled how he went from having $40 million to nothing due to bad spending habits and ill-informed investments.
According to him, one of the very first expensive things he acquired was the Bugatti he spent $1.2 million on and had to change five months later for peanuts because he made a hole in one its four radiators.
T-Pain went on to say that his manager was “way more optimistic” than he was, which led them to buying dumps in slums that they could not cash out on when it was realised they were just a bunch of crack houses.
He also said he bought many houses and was not paying attention to his account draining fast even when his accountant asked him to slow down a bit after the purchase of the Bugatti.
During the show, he disclosed that not having to deal with his account directly made the frivolous spending easy.
By: Kehinde Oderinde