DMX Says He Has $50 To His Name

posted Friday September 20 ,2013 at 04:05PM CDT | 103 comments

DMX Says He Has $50 To His Name

In court filings for his bankruptcy case, DMX says that he has no money in the bank.

DMX says that he has $50 to his name and no money in the bank, as per court filings in his bankruptcy case, according to a story on The Wall Street Journal's website. The rapper also says he has expenses that exceed his monthly income, the story says.

The court documents show DMX’s estimated monthly income is $5,000 and that he has monthly expenses of $5,221, which include $1,000 on clothing and $500 on laundry and dry cleaning, as per wsj.com.

DMX says that the $1.4 million of assets in his name are tied to ongoing litigation, among other things, the story says.

The man born Earl Simmons also says under penalty of perjury that he has no personal property of any value, including no electronic equipment, no jewelry, no clothes and no cars, as per wsj.com.

The former Def Jam Recordings artist has several debts, as per the wsj.com. Among them are more than $1 million in unpaid domestic-support obligations that lead, in part, to his July filing for Chapter 11 Bankruptcy, the story says. DMX also owes unsecured creditors more than $475,000 and has a mortgage of more than $450,000 on a property in Mount Kisco, New York, according to wsj.com.

DMX’s bankruptcy case is scheduled for an October 8 case conference at the White Plains, New York, bankruptcy court, according to the wsj.com.

In July, The Wall Street Journal reported that the Yonkers, New York artist filed documents in Manhattan court stating that he has $50,000 in assets, while owing between $1 and $10 million in debts. DMX told authorities at the time that he filed for Chapter 11 “to enable me to reorganize my financial affairs.”

DMX's debts include more than $1 million in child support and more than $20,000 in automobile lease payments.

"DMX's financial strains have been inhibiting his career for several years," the rapper's publicist, Domenick Nati, told HipHopDX in July. "Poor financial management by prior representation have caused him to be ineligible to retain a passport. The purpose of this bankruptcy filing is for reorganization so he can perform for his fans oversees. We are currently planning a tour in Europe and Africa for the fall of 2013."

RELATED: DMX Files For Bankruptcy, Rapper's Publicist Releases Statement

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  • Rebecca C. Williams
    upto I saw the bank draft which said $4192, I didnt believe ...that...my cousin woz like truley erning money part-time at there labtop.. there uncles cousin has been doing this for under nineteen months and as of now repaid the loans on there apartment and got a top of the range Nissan GT-R:. additional reading... www.Fb39.com
  • sightings
    :)
  • sightings
    eminem wu tang
    • Anonymous
      wtf explore hiphop
  • sightings
    we;ll it seens alicia keys mariah carey are paying crack head rappers to diss ppl
  • xxxc
    tell alicia keys keep that racist wannabe 1930 jazz music too her self.
  • snIPez
    So what was with him running naked through that hotel? Hahaha
  • Anonymous
    dont ever compare a drug addict wit tupac
  • Anonymous
    "DMX is actually calling out wack" Crackheads shouldn't be calling out anybody, especially when their last album sucked, and flopped badly.
  • Anonymous
    TOP ALBUMS THIS YEAR Key, #. Artist - Album Name (first week sales in US) 1. Drake - Nothing Was The Same (TBD) 2. Eminem - Marshall Mathers LP 2 (TBD) 3. J. Cole - Born Sinner (297,000) 4. Pusha T - My Name is My Name (TBD) 5. Jay-Z - Magna Carta ..... Holy Grail (528,000) 6. A$AP Rocky - Long. Live. A$AP (139,000) 7. B.o.B. - Underground Luxury (TBD) 8. Kanye West - Yeezus (327,000) 9. Mac Miller - Watching Movies With the Sound Off (101,000) 10. Wale - The Gifted (158,000) 11. Kid Cudi - Indicud (140,000) 12. Lil Wayne - I Am Not A Human Being II - (217,000) 13. Juicy J - Stay Trippy (64,000) 14. Big Sean - Hall of Fame (72,000) 15. 2 Chainz - B.O.A.T.S. II #MeTime (64,000) If you think I forgot something or have a disagreement please comment.
    • mcmxc
      Pretty solid list. I haven't listened to all of the albums on this list, but it looks like you have the same taste in music as me. No matter what people say, NWTS will definitely be Album of the year. Based on already heard albums, My TOP 5 of the year will be: 1. Drake - NWTS 2. J. Cole - Born Sinner (Before NWTS leaked, this was my #1, and still might just be a tie) 3. Jay Z - MCHG 4. Kanye West - Yeezus 5. ASAP ROCKY - LongLiveASAP As far as Kayne and Jay, I'm a true fan of their work. I like the progression it their music and the fact that they are simply themselves. ASAP Rocky had a GREAT album, but I think I had one too many listens that I really stopped listening to it. LVL is my favorite on that album, in terms of it not being a hit single. I don't understand why people still think hip hop is dead. The artists above are on fire. I'm a fan of 2 Chainz as well, because he has the most catchiest lines and it's his time right now. I still remember him from Playaz Circle. lol. As far as Jay, HOV is gonna be HOV. He's untouchable when it comes to the music business. Kayne is on a whole greater level. Drake is the leader of the new school. People shouldn't test him when it comes to rapping, because he can rap better than he can sing. J. Cole is my favorite at the moment because we get to see his progression and his music is more deeper than most. I can relate the most to his music.
    • Anonymous
      you both are idiots
    • killah_casp
      wack list off wack rappers talk about the artists not the sells.
  • CHEEKY LITTLE BLIGHTER
    TOP10 MOST OVERRATED: 10. Wiz Khalifa Wiz has been a rapper that I have followed in the past few years. I love a lot of his songs but a lot of his material is the same. Other than weed, women, and living the good life, Wiz Khalifa doesnt have much more to say. Theres no substance in his words, but not everyone needs or wants substance. His delivery and the ability to throw a party by rapping is what makes him popular, not his ability as a rapper. 9. Bone Thugs N Harmony If you dont listen to a lot of rap, you wouldnt even know enough about this rap group to dispute this ranking. I do like them a lot, but I thought I needed to have at least one overrated rap group. Their flow is actually one of my favorites but most rap groups have great flow. Thats the point of forming a group. There are some songs they have that have some great lyrics, but in most of their songs, their verses are incoherent. That being said, their lyrics dont mean anything to me. This group goes way back and theyve got too much credit for how mediocre their entire career was. Anything after The Art of War was garbage, but people still love them because they werent full on rap. Their more recent albums have been criticized for being extremely violent. Strength & Loyalty, released in 2007,was tight but thats only because it had Mariah Carey, Twista, will.i.am, and many others. When you put BTNHs R&B rap flow together with someone like Mariah Carey, youre bound to get something great. 8. Drake Why couldnt he stick to playing Jimmy Brooks on Degrassi? Take Care was just leaked and thats really the only reason hes on this list in the first place. The album isnt bad, but why are people so obsessed with him? I thought he was a teenage girl fad, but I had four personal friends tell me that hes their favorite rapper. Whats up with that? His flow and delivery is odd at times and I get the feeling that hes trying too hard. Most of his lyrics are about how no one believed in him and now hes on top. That type of material only gets you so far in the rap game and sooner or later hes going to need to pick up a drug addiction so he can give every one some fresh material. If it wasnt for Lil Wayne, Drake would still be trying to differentiate himself from Jimmy Brooks. Drake gets big names to get big results and thats why everyone loves him so much. 7. Method Man Dont get me wrong, Im all about Wu-Tang, but the fact of the matter is that Method Man hasnt done anything since Wu-Tang. This one doesnt even need to be broken down. He just doesnt have the musical talent that some people think he does. None of his material is different and he still delivers his lines with the same scratchy voice as he did in 1993. 6. Puff Daddy/ P. Diddy/ Sean Combs As the business man of the list, I had to make sure I drew the line between great rapper and great producer/ promoter. Look, Puff changed the rap game and helped many influential rappers make it big who otherwise would have never had a chance, but thats the only reason he was popular himself. Think of any song that you like that has Combs in it and tell me if any other artists are featured in it. He used HIS artists to help his own rap career. Type in P. Diddy on Youtube and look at what the first five options are. All five are songs that feature some other artist. When you listen to Diddys lyrics, you get the feeling that he definitely didnt write them himself, and his material is so cliche that it angers me to know people put him on Biggies level. Diddy has some great lines and uncanny ability to produce great songs but hed be nothing without those surrounding him. His only real musical creation worth noting is Ill Be Missing You, but of course thats also because Faith Evans kills it on the chorus. 5. Gucci Mane He isnt looked at as one of the greater rappers of all time, but too many people like him for him not be on this list. Lets look at one of his more well-known songs, Lemonade. The first verse is, My Phantom sittin on sixes, no 20s in my gun Your Cutlass motor knockin, because it is a lemon My rifle Georgia peaches, but you look more like a lemon These sour apple bitter bitches, Im not fuckin wit em Im truly stupid paid thats just how I feel today At no point in that verse does he rhyme one word. Obviously all rap fans dont need a lyrical poet to meet their needs, but come on Gucci, rhyming gun with lemon is just too far. 4. Snoop Doggy Dogg Snoop is definitely an icon of rap. Hell, hes been in the rap game for 20 years now. My problem with Snoop is the fact that hes been rapping songs for all twenty of those years. Other than a few singles here and there, the only good songs youll hear by Snoop are on Doggystyle or when hes featuring on The Chronic. Unfortunately, Doggystyle was his first album so since then, one could say that he hasnt recorded one good album. Look, Snoop Dogg is one of my favorite rappers but thats because of his personality. He started the for shizzle language for gods sake. Not to mention his never-ending crusade to get marijuana legalized is just oh so admirable. But when it comes down to how good this rapper has been throughout his career, Snoop just doesnt make the cut as one of the best rappers ever as he is presumed to be. 3. Lil Wayne What is there to say about Mr. Carter? Theres just too much to say. I love the fact that he is always trying to experiment with new sounds and that most of his music is free. Love it. But that doesnt make him a good rapper. He possesses many of the attributes above but it seems he isnt able to combine all of them to make one great album. And I always get that feeling that hes trying to change the game too much. Whether its his rock anthems or his hood ass shit with Hot Boyz, he tries too hard to get you to change your lifestyle to his. I always feel that sense of unsatisfaction after each Carter is released and that has much to do with the fact that he is a man of many singles. Ive been known to bump some Wayne every now and then but when you deem yourself, best rapper alive, you better get ready for some lash-back. 2. 50 Cent For me, 50 Cent represents all that is terrible in the new age of rap music. He was the pioneer of writing catchy hooks and shitty verses. He was no desire to rap about anything unless its about having sex or robbing people. Other rappers have some sort of basis to rap about. Eminem has his 8 Mile roots and tears himself apart every time he spits a verse. Kid Cudi has his inner demons and drug addiction that make his lyrics powerful to the listener. The only powerful thing thing that comes out of 50 Cent is his bellowing, G-Uniiiiiiiiit. The only song that I ever put on repeat by 50 was Candy Shop (the least creative rap song of all time), but hey, it was catchy. Ill give 50 Cent kudos in one category, hooks. Ill take you to the candy shop, Ill let you lick the lollipop, go head girl, dont you stop, keep going til you the spot (whoa), is pure genius for a hook but the rest of the song is horrendous. Ill break it down for you now, baby its simple, if you be a nympho, Ill be a nympho, in the hotel or in the back of the rental, are just some of 50 Cents lyrics in Candy Shop. Hes the type of rapper whom I can finish every one of his lyrics because he uses no puns or any play on words for that matter. The only thing worse than 50 Cents rapping ability is his acting in Get Rich or Die Tryin. Tupac For all those people about to come to my house because you got thug love for Pac, hear me out. Let me just start out by saying this, All Eyez on Me is still one of my favorite albums of all time and 2Pacalypse Now isnt too shabby either. The problem I have with Tupac is that by many peoples standards, he is the best rapper of all time. I would put him in my top ten favorite rappers of all-time easily but hes not the best and that is why he is on this list. Tupac Shakur is the most overrated rapper of all-time. Seeing it is Tupac, Ill give him the decency to break it down for you. Flow/Delivery- All Eyez on Me is by far Tupacs best album because he lays his rhymes down so effortlessly and all the words seem to fit perfectly. Bottom line, he was amazing on that album. But lets not forget, that same year OutKast released ATLiens and that album is a masterpiece as far as flow and delivery go. Now here is where most people make their argument on how Tupac is the best rapper of all-time; lyrics and storytelling. Dont get me wrong, Pac is one of the most influential lyricists that rap has ever seen but hes just not the best overall. When Pac released Strictly 4 My N.I.G.G.A.Z in 93, people started to realize that he wasnt some ordinary thug from Oakland. The thing most people dont realize is that in 93, Enter the Wu Tang was released by the Wu-Tang Clan which I highly regard as the best lyrical album of all-time and rap group by the name of A Tribe Called Quest, released Midnight Marauders, which I believe is the best story-telling album of all time. Im not saying that you have to agree with me but I only ask that you think about other rappers of that time. If Tupac hadnt been killed, he wouldnt be the legend he is today. Because of that legendary status, in my book, he is the most overrated rapper of all-time.
    • Shyne's Pe'ots
      ok but what does this have to do with dmx?
    • Anonymous
      fucks given 000000000
    • Aaron
      Good God boy. Get. A. Life.
    • Tek
      I hope you didnt really take the time to type all tis shit out. And how the fuck do you not have kendrick lamar on that list? Talk about overrated.
    • Gooch
      Big Guwop the greatest ever ya feel? Burr Burr!
    • Gucci The General
      @ CHEEKY LITTLE BLIGHTER Gucci did rhyme you moron. READ DUMBASS My Phantom sittING on sixes, no 20s in my gun Your Cutlass motor knockING, because it is a lemon My rifle Georgia peachES, but you look more like a lemon These sour apple bitter bitchES, Im not fuckING wit em
    • killah_casp
      pac is the greatest of all time anyone who don't agree should go bite the curb.
    • Anonymous
      i feel u on most but if u gonna call out 2pac then why not Biggie? that mutha fucka only dropped 2 albums on his first album he was struggling to find his own style, plus he's a fucking puff daddy puppet! He was practically molded out of puffs imagination!!! He's a TRUE hype job that bit off nas cover, got dissed by ghostface and tupac and didn't say much of shit back!!! Lyrically he's ok, but as u say "he dropped around the same time as wu" and got owned on the track he shared with method man!!! Now as far as pac, lyrically he wasn't the nicest... But he had a strong presents, he could rhyme, he was the epitome of a real rapper (shooting off duty cops, various court cases, punching record exects etc) and i mean real as in the shit he would rap about he actually caught cases over (i'm not saying thats cool, but he was doing what he rapped about) none of these rappers can say the same! But what gives pac his edge is that he rapped about shit the everyday person could relate to! Hands down, most people call him the best because they saw either pieces of themselves in him or they saw pieces of who they wanted to be!
  • Anonymous
    Kids another example with drugs is bad for you
  • Anonymous
    Nas ft DMX - Life is what you make it DMX - "Life is too short to get caught up in some dumb shit Wake up one day, 40 years old on some bum shit Time flew by, you was too fly to see the light Everyday it's getting darker then comes the night Now what? realize that you ain't got shit Not long ago you was the man on some hot shit"
  • JJ
    HE CAN MAKE A COMEBACK ALL HE HAS TO DO IS HAVE HIS LABEL PUT MONEY FOR HIM TO GO OUT ON TOUR IN THE STATES AND ACROSS SEA AND AFTER THAT IT WOULD BE A GOOD MOVE ON HIS TO GET A PAYEE JUST SAYING.
    • itdoesntmatter
      Labels don't really exist any more, and aren't providing tour support for broke rappers. Most of them barely did for successful rappers in their prime. He needs to get hooked up with some independent concert promoters and/or good management and and do some low budget club tours, festival packages, and overseas runs. There are some rappers who make more money in a year than most of the "stars" you read about here and dont even sell 20,000 units. But they show up to shows 6-7 days a week, a month or 2 at a time and stay off crack.
    • Anonymous
      But honestly, what label will do that now? None.
  • Gucci Aint Broke Because He Would Sell Dope In The Streets
    GUCCI MANE is the realest rapper and heres why. 1) all other rappers rap about being gangster shooting and killing but they havent done it. 2) Eminem raps about killing he hasnt. 3)Jay z raps in open letter about sending shots he hasnt. 4)Nas raps about how he is a queens thug but he wasn't. 5)Most of the rappers rap about stuff they havent done yet you all support them and say its real rap. 6)When rick ross does it you all claim he is fake and say its fake rap. This shows that hiphop fans are hypocritical and all these real hiphop fan wanna be's are just some unjustified haters whose opinions are just as irrelevent as the swag fag rapper fans. GUCCI MANE KILLED A MAN HE WAS A DRUG DEALER BEFORE RAPPER HE HAS STREET CREDENTIALS HE IS THE ONLY RAPPER THAT RAPS ABOUT FACTS THERE FORE BIG GUWOP IS THE REALEST RAPPER IN THE RAP GAME AND THATS A FACT!
    • Zzz
      ^attention seeking WEIRDO alert^
    • Anonymous
      The nigga posting this Gucci Mane shit is just as retarded as Gucci himself...
    • Aaron
      Ive seen you post this exact Gucci bullshit on several stories on dx. Give it up man fuck. Its not funny.
  • drake runs rap
    see what happens when you fuck with drake. You get bodied you go to jail every week to hide from drake. Now your broke and irrelevent. Drake ended this niggas carreer let this be a lesson to all rappers they cant fuck with drake cus he will hard body them.
    • Anonymous
      BORING
    • J dirty
      You failed putting the words "Drake" and "Hard body" in the same sentence..Drake is over sensationalized canadian TV star that gotta lucky and a few co-signs from other shitty rappers.His bars and content are soft as a Marshmellow son.
  • Anonymous
    That awesome moment when you are more wealthy than DMX and Xzibit ... combined. Five back accounts, three ounces and two vehicles, huh?
  • DUH
    Maybe u shouldn't diss Drake when ur broke......just saying dawg
  • TRE
    i would feel bad but i spend good money on his CDs. sorry X but the 2 classics you released is all youll get since you cantdrop a good LP. hit an NA meeting man...
  • shadyari
    this man gone down badly :(
  • mar500
    his connect is now a multi millionaire
  • Anonymous
    drugs are bad
  • Anonymous
    lol now this nigga want to tour in afrika and europe for his fans??????? The only thing this nigga wants is money. Fuck you x