How Did DMX Lose His Money
DMX is one of the most talented rappers in the game and should be worth a serious fortune due to his decades-long impact on the rap community, which has included releasing hits like slipping party up in here and ex gonna give it to you but if his net worth is anything to go by DMX might actually.
Be one of the most broke rappers out there DMX hit headlines for tragic reasons in early April 2021, when he was rushed to the hospital following a heart attack per TMZe sad news of his serious health issues uncovered a number of forgotten and controversial things about his past including his multiple stints behind bars and the loss of a fortune according to celebrity net worth. DMX or X’s is also known as a net worth of at least negative one million dollars, yes negative one million it wasn’t always that way though keep reading to find out what really happened to the rapper’s wealth some questionable choices led to DMX’s negative net worth his significant financial downfalls similarly began following his marriage to Tashira Simmons when it was revealed he had fathered at least two children outside their marriage.
In 2008 MTV news reported he was forced to pay 1.5 million to Monique Wayne the mother of one of those children child support has also been a big drain on his finances as his father to 15 children in 2015 the garden reported that he was sentenced to six months in jail for failing to pay four hundred thousand dollars in child support. The arrest came two years after he filed for bankruptcy going by his real name of Earl Simmons, he claimed in legal papers filed in 2013 that he had less than fifty thousand dollars in assets but was between one and ten million dollars in debt including one point two four million dollars in child support per celebrity net worth.
However entertainment weekly confirmed the filing was dismissed after he allegedly failed to provide trustworthy information things only got worse from there in 2018 TMZ reported, he was sentenced to a year in prison for tax evasion and was also forced to pay 2.3 million dollars in restitution.
He was put behind bars for failing to pay 1.7 million dollars in taxes and for hiding sources of income we’re praying for a speed of recovery for DMX, so he can get his net worth back into the positive figures.
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What the hell? His name was NOT Phil Simmons. It was Earl Simmons. Please do your homework.
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