Poor Weezy. Rapper Lil’ Wayne must pay a debt owed to his New Orleans jeweler. A Miami-Dade judge ordered Dwayne "Lil’ Wayne" Carter, 25, to pay his jeweler $146,000 plus interest for a $138,000 diamond ring and $32,000 gold-and-diamond necklace bought in 2006. Carter sent in one payment of $24,000, according to the article. Lil’ Wayne may return the ring. Weezy is one of the hottest rappers around. I wonder who is helping him with his financial affairs? The money Lil’ Wayne owes on his bling is enough for a modest condo in South Florida in this down real estate market. Lil’ Wayne and Wyclef Jean need to talk to their accountants.
Should Lil’ Wayne return the ring to his jeweler? Does he need a better financial manager? Should jewelers make rappers put their diamonds on layaway?
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{ 5 comments… read them below or add one }
I’d think that a jeweler would know by now to take payment in full. Even if they have to give part to Am Ex in serivice charges!
And shame on Lil Wayne! Hey, I rhymed – does that mean I can make money as a rapper?
These jewelers probably get so excited about having so-and-so wear their jewelery. I wonder if they ever check credit for celebs.
What is going on with these rappers. Now I would think that Weezy would have the money to cover this cost. Perhaps they are just lazy about paying their bills, who knows.
What a shame. If I were in their shoes I would forget about the bling and buy property or start business etc.
GLM-You need a record deal. You would pay for your bling on time, I bet.
Coco-probably not. it’s a cottage industry now stiffing jewelers for loot, I see.
PJD-Weezy seems to have hit a rough patch. I wonder about their advisers sometimes…
This is not new if you’re from Louisiana. Cash Money records used to have about a dozen artists, most of which had been there for a decade or more.
The main manager Ronald “baby” Williams, kept being suspected of holding onto other artists money and giving them garbage excuses. And when they signed a distribution deal, he agreed to terms where other producers and artists would be brought in, further cutting into the long-time artists shares. They are eventually left (some for jail and such), but you get my point.
This is the dude Lil Wayne trusts more than anyone. More than likely, he’s the one with his hands on the coin purse. Maybe Weezy will see the light soon now.