Lil Kim is a New York-born rapper and actress. Who has a net worth of $500 thousand? Lil’ Kim is notable for being a founding member of rap group Junior M.A.F.I.A. She became a successful solo artist in the late 1990s. Although many people might be expecting a larger amount of net worth for Kim, Kim has been in some financial crisis in recent years. She also has filed a case of personal bankruptcy in the year 2018. And that point, she reported having $2.7million worth of assets and $4.08 million worth of liabilities.
The early life of Kim
Kimberly Denise Jones, who is professionally known as Lil Kim, was born on 11 July 1974 in Brooklyn, New York. She has an elder brother too named Christopher. When she was just nine years old, her parents separated, and her father raised her. Her father and Kim had a complicated relationship, and Kim was kicked out of the house. And then, she dropped out of high school and began living on the street. This is where she met Christopher Wallace, and soon, the rap legend became a significant figure in her life. They had a romantic relationship. Then is the year 1994, she joined the Brooklyn-based group, and it was this time that she assumed the name lil’ Kim. She mentioned that she had an on-and-off relationship with Christopher Wallace until he died in 1997. She also mentioned that she was pregnant with Christopher’s child in 1999, but she terminated the pregnancy at that time as she knew that having a child is something that cannot take place right now.
How did she become bankrupt?
In June of the year 2018, Kim filed a case of bankruptcy in new jersey. And that point, she reported having $2.7million worth of assets and $4.08 million worth of liabilities. Her assets included a Bentley worth $50,000, a Mercedes worth $4200, and jewelry worth $25,000. Her monthly income came to be, according to the reports, to $18000, but she uses to spend $10000 out of that on her travel, on the mortgage, on wardrobe, and staff.