Celebrity Equifax hacked.

[ZenOps]

http://rt.com/usa/hackers-president-...nd-others-120/

"According to the documents hosted on Exposed.su, Hollywood actor Ashton Kutcher was spending $981 each month for a car he leased from Chase Auto Finance in 2004. Rapper Jay-Z, real name Sean Carter, has been reported to a collections agency on at least one occasion. As of this month, he also has a HSBC mortgage account with a balance of $816,882, and a credit line of over $5.5 million. The page for his wife, performer Beyoncé Giselle Knowles-Carter, includes the singer’s SSN, a list of homes and a handful of phone numbers, as well as bank transaction information."

Hah! I bet most US Rockstars owe money on million dollar credit lines.

[DEATH2000]

Oh easily. Those crack habits require hard credit.

[dj_patm]

Jay Z could probably pay off a 5 million dollar line of credit in a one month tour.

Probably the easiest way for him to get real liquid cash.

[ercchry]

we considering jay-z isnt a businessman. hes a business, man... $5.5mm isnt that crazy for operating capital

[ZenOps]

He reminds me of MC Hammer (yeah I'm old)

Massively popular for a short period of time, but mostly on borrowed money. Ended up being $13 million in debt by 1996 (and $13 million then was a lot more than $13 million now)

Seriously, the US takes incredible debt risks on actors and singers. Don't know if its warranted in the long run.

[ZenOps]

Originally posted by dj_patm
Jay Z could probably pay off a 5 million dollar line of credit in a one month tour.

Probably the easiest way for him to get real liquid cash.

Its borrowed money, probably just a really big line of credit. He has a mortgage just like everyone else (although on a nicer house, he still has to borrow money and pay in installments over years)

[ZenOps]

http://www.guardian.co.uk/technology...michelle-obama

And Michelle Obama as well, all of her personal banking info. Think anyone would try to order up a pizza with her credit card info, lol.

And it wasn't Chinese hackers. It was Russian hackers.

[dj_patm]

Originally posted by ZenOps


Its borrowed money, probably just a really big line of credit. He has a mortgage just like everyone else (although on a nicer house, he still has to borrow money and pay in installments over years)

You just compared Jay-Z to MC Hammer...

[black13]

Not too surprised. Sorta like the 70% or so of the NFL players that file for bankruptcy within a few years after they stop playing. When you don't aquire the money the hard way then you usually aren't as careful spending it.

I foresee Drake being on that list in a few years. Especially after he spent $50k at a strip club.

[FixedGear]

Who's drake?

[rage2]

Originally posted by ZenOps
He reminds me of MC Hammer (yeah I'm old)

Massively popular for a short period of time, but mostly on borrowed money. Ended up being $13 million in debt by 1996 (and $13 million then was a lot more than $13 million now)

Seriously, the US takes incredible debt risks on actors and singers. Don't know if its warranted in the long run.

Wow. Just wow.

MC hammer had 1 source of income which dried up quick. Didn't help that he was leeched by "friends" to bankruptcy.

Jay-Z is diversified beyond belief, using his name to launch new brands. Revenue streams from record labels to clothing. Rocawear is worth what, 300 mill alone?

Funniest comparison ever haha.

[ZenOps]

Yes, singers do come and go. It may seem hard to believe but they do fade.

And its still borrowed money.

At 6% interest, it doesn't matter if you borrow a Billion dollars, at the end of twelve years its gone. At the end of 24 years, you owe a Billion. And many of these contracts are lending contracts for tours.

The majority of NFL players end up with nothing. They do have to make their three year careers in the millions because they need it.

[ercchry]

jay-z makes a much greater return on his money, so he does the same as any smart business person... and borrows cheap money

[zipdoa]

Arnie has impeccable credit. Good job.

[vtec4life]

Originally posted by black13


I foresee Drake being on that list in a few years. Especially after he spent $50k at a strip club.

There was an article saying he did this for " Tax reasons" haha.. something about how being a baller at a strip club helps his image which helps him sell records. 50K in one dollar bills... BALLAAAA

[googe]

Wasn't just equifax, it was all 3 of them:

http://redtape.nbcnews.com/_news/201...m-equifax-says

[Disoblige]

Originally posted by rage2

Jay-Z is diversified beyond belief, using his name to launch new brands. Revenue streams from record labels to clothing. Rocawear is worth what, 300 mill alone?

Yep. Diddy and Jay-Z knows how it's done. Diddy moreso IMO. He seems more downlow, and richer than Jay-Z.