He states in his court filing that he only made $5,140 in income for the 2022 year. He said due to the pandemic, his income has reduced immensely since 2020 and hasn’t picked up since then. Yet, Roy is disputing his claim. She alleges that he is not fully disclosing income from his businesses and since he still owns a major stake in Roc-A-Fella Records, that should supply a significant stream of income.The judge has not ruled on his motion yet.
While appearing on The CEO Show with Dr. Taje Moreno last October, he expressed that the recent earnings pale in comparison to when he was profiting $8 million a year.
“While I’m investing in something else, I might not be making the money and the profit, so I can’t afford to pay out what I was when I was having EBITA [earnings before interest, taxes, and amortization] of $8 million a year,” said on the Oct. 19 episode. “So you can’t judge how much I’m gonna pay out by how much I made 20 years ago.”
Although the cash flow isn’t what it was during the height of the Roc-A-Fella Records era, he stated that he wasn’t ashamed of his current financial status and described himself as a “proud broke” but that his situation is just temporary.
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