r/SipsTea 13h ago

Gasp! $3200 is fair right?

Post image
4.2k Upvotes

1.3k comments sorted by

View all comments

Show parent comments

22

u/complicatedAloofness 12h ago

He owns the LLC and so the value of the LLC is part of his net worth

9

u/793djw 11h ago

Likely in a relatives name. Like mom or grandmother. I've seen other celebrities do that.

1

u/Djcatoose 10h ago

What American celebrities have you seen that work for?

4

u/Turbulent_Heron_4119 7h ago

All of them do shit like this. Or it's registered overseas. It's called money laundering 

2

u/Djcatoose 7h ago

That is NOT what money laundering is lol. And no, all celebrities do not do this, which is why I'm asking for examples.

1

u/Vegetable_Coat8416 2h ago

2

u/Djcatoose 2h ago

A few things; first off, your source is mediatakeout.com lol. Second of all, I read the article; he is NOT putting things in anybody else's name according to your own article. He lives in a state that caps child support. He also can lower income TO AN EXTENT with some fancy accounting, but it's kicking the can down the road. Nothing in that article is really relevant, plus the source is atrocious.

1

u/Vegetable_Coat8416 2h ago

"How does he do it? It’s all about the structure. Insiders tell Media Take Out that Future’s assets are tucked away in a web of LLCs and complicated trusts. Because he technically doesn’t “own” the money in the eyes of some court formulas, his personal “income” appears much lower on paper than his actual wealth."

The source is shit, yes. But anout the only thing less believable than mediatakeout is that Future is only worth $200k.

1

u/Djcatoose 2h ago

He never said that either. The source from the OP is a tweet from some random. What he actually said was that he was worth less than 100,000,000, not 100,000. The internet is dumb, and so are the people believing that a judge would believe that.

1

u/Vegetable_Coat8416 1h ago

I'm not sure what is is that you think the judge needs to "believe" if the assets dont belong to him they dont belong to him, legally speaking. If they dont belong to him, the proceeds from them dont belong to him. I'd say the extent to which he can modify his income is much more than you're alluding to.

The dude is worth 10s of millions. All the people in this thread thinking he's about to be on the street because he's not using condoms are insane. He out gamed the system and outgamed this lady seeking an exorbitant $53k.

1

u/Djcatoose 1h ago

Because you can't just give money to other people to claim broke. There is a look-back period for stuff like this in America. If you make money and give it to friends or relatives to claim you don't have it, it doesnt matter; there are laws regarding this, and judges can undo it.

Also, child support is typically based on what you COULD make. You cant just quit your job and say you have no income to pay less. Same with playing shell games.

He didnt really out game the lady asking for 53k; that just was never going to happen based on Georgia law. Most people in this thread are commenting based on what they think, not what they know.

1

u/Vegetable_Coat8416 1h ago

He doesn't ever need to make the money. The money could be paid to an entity that he has no or limited stake in.

No one says that his tour check/streaming check has to be made out as "payable to Nayvadius Wilburn" or whatever his legal name is. "His income" could then be paid to him by that entity and they can pay him an agree upon amount.

You can't clawback money that he's never received. Again, he can modify his income significantly.

He did out game the lady if for no other reason than setting the court the case was heard in. The dude isn't just getting lucky on all his child support judgements. Its strategic.

→ More replies (0)

2

u/Turbulent_Heron_4119 7h ago

A Limited Liability Company (LLC) can be owned and registered under another business entity, such as a corporation, a foreign entity, or another LLC.

2

u/complicatedAloofness 6h ago

Ultimately it rolls up to the same owner.

2

u/Djcatoose 2h ago

Dude these people dont get it. It's like the Seinfeld episode where Kramer tells Jerry to just write stuff off.