Tekashi 69 Broke Or Smart Business Move For His Comeback
According to court documents and Wack 100, Tekashi 69 being broke is for real, but perhaps this will play out as a smart business move.
Obtained by Complex, court documents reveal sworn statements made by Tekashi 69. The rapper claims he is “struggling to make ends meet.” Tekashi 69 who has a case in progress stemming from a 2018 altercation where the plaintiffs say they were ambushed because 6ix9ine and his fellow gang members mistakenly believed they were affiliated with J. Prince’s Rap-A-Lot Records.
“Right now, I am struggling to make ends meet. I do not know if I will ever command the kind of advances I was paid before my arrest, and my career stalled,” said 6ix9ine who previously pled guilty to the charges.
“I did receive large advances under the recording artist and merchandising agreements prior to my arrest,” Tekashi claims. “However, I do not receive any royalties under those agreements either since my royalty accounts remain unrecouped.” Tekashi also revealed that his deal with TenThousand Projects expired last month, as well as a merchandise deal.
Wack 100 backed these claims by Tekashi 69, when he appeared on Clubhouse. Wack went as far as saying he gave Tekashi $20 for gas. “Yeah, he broke as a motherf–ker,” Wack explained. “That n—a 6ix9ine ain’t got nothing! Man, that n—a over there doing bad. Bro, I had to send that n—a $20 for some gas. That’s why we was telling the people, ‘Ain’t really nothing we can do for you right now cause n—a broke-broke.’ It’s f–king terrible, man. Sad thing to see such a talented young man like this.”
These recent comments made by Wack 100 contradicts himself after claiming he made over $43 million dollars for Tekashi. “It’s been about 30 or 45 days since I did the interview party on Clubhouse, right?” said Wack on Clubhouse back in September of 2021. “So in the last 45 days, I probably done set up $43 million of business and I ain’t seen the kid. I’m talking about big movies, European tours, renegotiated his album terms all through attorneys and email. 45 more days, shit’s gonna start being announced to drop and release, and I need him to keep talking about it to keep it hot. I just get my little 25 percent. I ain’t trippin’.”
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Even if Tekashi 69 is really broke, don’t expect the rapper to remain broke for too long. It is not uncommon for an artist to go broke and file for bankruptcy. Doing so has it’s benefits such as preventing further legal action, relief on back taxes and relief from dealing with multiple creditors. Perhaps this is the reason Tekashi 69 has not dropped new music and the reason why the alluded $43 million in business deals has been put on hold.
Partial Source: Complex