Lil Wayne Going Broke Because Of Distancing Himself From Cash Money?

Lil Wayne (Dwayne Carter) is one of the best rappers in the hip-hop genre. Born in 1982, he started rapping while still young and became a music sensation under the Cash Money stable co-founded by Bryan Williams, also known as Birdman. Having been on the label for most of his career, Lil Wayne got into an altercation with Birdman in 2014, claiming that Birdman was deliberately delaying the release of his highly anticipated Tha Carter V album.

Lil' Wayne performing at the 2015 iHeartRadio Music Festival at MGM Grand Garden Arena, September 18, 2015, Las Vegas, Nevada. [Photo by Ethan Miller/Getty Images for iHeartMedia]
Lil’ Wayne performing at the 2015 iHeartRadio Music Festival at MGM Grand Garden Arena, September 18, 2015, Las Vegas, Nevada. [Photo by Ethan Miller/Getty Images for iHeartMedia]
The following are some of the tweets he posted in regards to this at the time.

Lil Wayne WEEZY F @LilTunechi
To all my fans, I want u to know that my album won’t and hasn’t been released bekuz Baby & Cash Money Rec. refuse to release it.

Lil Wayne WEEZY F @LilTunechi
This is not my fault. I am truly and deeply sorry to all my fans but most of all to myself and my family for putting us in this situation.
9:15 PM – 4 Dec 2014

Lil Wayne WEEZY F @LilTunechi
This is not my fault. I am truly and deeply sorry to all my fans but most of all to myself and my family for putting us in this situation.
9:15 PM – 4 Dec 2014

Lil Wayne WEEZY F @LilTunechi
I want off this label and nothing to do with these people but unfortunately it ain’t that easy
9:16 PM – 4 Dec 2014

Lil Wayne WEEZY F @LilTunechi
I am a prisoner and so is my creativity Again,I am truly sorry and I don’t blame ya if ya fed up with waiting 4 me & this album. But thk u
9:20 PM – 4 Dec 2014

Eventually, he was forced to abandon the project altogether and work on his own. He also filed a $51 million lawsuit against Cash Money records for apparently withholding payments.

That said, things haven’t been looking up lately for the “No Worries” singer. Just in November last year, police raided his home and confiscated property due to unpaid bills, and according to Mstarz, relatives and friends were getting worried about his mental health as he was experiencing one of the lowest points in his career. The following were some of the tweets he posted immediately after the raid.

“It’s days like 2day dat make me? everything, even myself. But I guess dis is da thx I get. Sum times it’s tough 2b tough & even tougher 2b me.
I ain’t sh** but my mother, my kids & their mothers r EVERYTHING & dat I know, so on the days? everything, I use dat as the answer 2 it all.”

Lil Wayne performing onstage during TIDAL X: 1020, October 20, 2015, New York City. [Photo by Theo Wargo/Getty Images for TIDAL]
Lil Wayne performing onstage during TIDAL X: 1020, October 20, 2015, New York City. [Photo by Theo Wargo/Getty Images for TIDAL]
His statements were pretty depressing for an artist who just a year before was considered to be at the peak of his career. In December last year, he was sued by the lawyer he had hired to handle the $51 million lawsuit against Cash Money. The following is the report according to XXL.

“According to the lawsuit, Lil Wayne agreed to pay a $20,000 initial retainer and subsequent monthly bills in July 2013. But Wayne failed to pay his bills according to Kramer’s suit. Kramer’s law firm continued to bill Wayne from November 2014 to October 2015. Kramer ultimately dropped Wayne as a client this past September due to Wayne’s debt. In the lawsuit, Kramer says he “made numerous attempts to resolve the dispute amicably. These attempts were ultimately unsuccessful.”

According to The Inquisitr, Lil Wayne is currently facing more than ten lawsuits, which is ideally going to lead him into bankruptcy. This has been aggravated by the fact that Cash Money no longer covers his tour and promotional expenses.

[Photo by Neilson Barnard/Getty Images for BMI]

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