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Saturday, 10 June 2017

I am so broke with no house or car to my name – Singer, Sean Kingston

International music artist, Sean Kingston has said that despite selling millions of records at some point in his career, he is dead broke with neither a house nor car to his name.

He also admitted that he has less than $500 in his bank accounts.

Kingston made this submission while filling out his financial information form in a lingering court case he has with his ex-lawyer over legal fees.

The singer wrote: “I currently own no property or automobile. I live with my mother, Janice Turner in Los Angeles.

“I am simply an entertainer.

“I have less than $500 cash to my name


“Summary of my bank account statements are as follows: ‘Bank of America account began the month with $18.96 but ended the month with $6.96. Chase bank accounts started with $370.68 and $207.63 but ended with (negative) $19.65 and $7.22.’”

In 2015, Kingston’s ex-lawyer James J. Gangitano had sued him for refusing to pay up $12,500 worth of legal work he did in defending him.

After filing suit, the lawyer reached a deal with Kingston in early 2016.

He agreed to pay $20,000 in installments between April 2016 and January 2017.

However, Gangitano headed back to court this month accusing him of breaching the deal by failing to make the payments.

This was what Robert Kiyosaki said in one of his book, why sport athletes get broke after retiring from their work, is because they refuse to invest in Asset, instead they invest in liabilities...

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