Today, Cardi B is hitting back hard at rumors about her finances. The Sun ran a story saying she’s broke, claiming she’s taken out a $3 million loan and might lose her Atlanta home. They even included a rundown of Offset’s cheating scandals. But Cardi B isn’t having any of it. She took to social media, sharing screenshots of conversations with her business manager, Lou Taylor, who’s also worked with Britney Spears and Kanye West. Cardi’s message is clear: she’s not broke. However, she did confirm that Offset’s tax lien is real. Let’s break down what’s really going on.
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We’re diving into the Diddy-Jay-Z federal investigation, and there’s so much more I couldn’t fit into the video. I managed to get Jonathan on board to chat about it, so it’s going to be a great discussion. See you there!
Alright, let’s break down the Cardi B situation. I’m a bit unsure about what to say, but I do appreciate Cardi letting us in on this drama. It looks like her divorce from Offset might actually go through, especially since Offset seems to be dealing with some serious money issues—he’s got two tax liens, which pretty much scream financial trouble. Cardi’s camp, specifically Lou Taylor, says they’re going to ask The Sun to take down their article about this. If it’s still up in 24 hours, we’ll be going live on Monday to discuss it. Their push for a retraction suggests there might be some truth to the article. So, let’s keep an eye on how this unfolds.
I also need to clear something up. Thanks to Mimi and Mother Kitten for pointing this out: I owe Saweetie an apology. In a video I did before, I mistakenly said that Saweetie had slept with Offset and that’s why there was drama between him and Quavo. That’s not true. It turns out it might have been one of Saweetie’s friends, but we don’t really know. What I can say for sure is that Saweetie didn’t have anything to do with Offset. She’s out there doing her thing and looking amazing while she’s at it. I’m sorry for the mix-up and for putting her in the middle of this. Thanks again to Mimi and Mother Kitten for catching that mistake. Shoutout to Saweetie for staying classy through all this. Now, let’s move on.
So, there’s been some buzz about Cardi B supposedly being $3 million in debt and possibly losing her Atlanta house, according to The Sun. Cardi fired back, saying that The Sun is just spreading rumors without any real proof. She explained that while it’s normal to take out loans for buying a house, she’s never missed a payment. Cardi bought her home in 2021 and put nearly $12 million into it—something that seemed pretty extreme, but it’s her choice.
Cardi then dug into the situation further and shared screenshots of her financial talks with Lou Taylor. She broke down the numbers, showing that her New Jersey property was mortgaged for $3.7 million at a 2.9% interest rate. She also put $3 million into improvements and another $3 million into fixtures, totaling $9 million in cash spent. This means she’s got a lot of equity in her home.
But here’s where it gets a bit confusing: the value of furniture and fixtures usually doesn’t count towards a home’s market value unless you’re selling them with the house. So, if everything The Sun reported isn’t true, it makes you wonder why Lou Taylor would get involved like this.
I just have to respond to something someone said—apparently, someone rudely commented, “Dummy, don’t you know people always know the value of their house?” Really? That’s a pretty clueless take. Maybe having a high-profile partner like Offset has you feeling defensive, but here’s the thing: nobody knows the exact value of their house without an appraisal. You only get that precise number through an appraisal, which isn’t cheap or straightforward. Why would you pay an appraiser to check the value of your house unless you’re selling it or refinancing, like Cardi B did? Appraisals usually cost between $5,000 and $10,000. So Cardi getting one makes sense because she was securing financing. It’s obvious now why an appraiser was involved. Let’s address this and set the record straight in the live chat tomorrow.
Cardi told Lou, “It’s too late; it’s everywhere now.” They got the info on Friday morning, and Cardi immediately pointed out, “They said there’s a mortgage on your mom’s house.” But that’s not true since mortgage details are public. The house in New Jersey has $12 million invested in it, but they only owe $3.7 million. Cardi made it clear that she’s not in debt. It’s also important to remember that furniture and fixtures can be removed; a new owner could decide to take out all the furniture. L claimed the New Jersey house is worth $12 million. They bought it for $3 million, put in $6 million in improvements (which explains the $3 million loan), and owe $3.7 million now. So right now, there’s about $2.3 million in equity.
Lou cleared things up again, saying she doesn’t have a huge mortgage in New Jersey, even though there were claims about her house being worth $12 million. Cardi B’s mom’s house is also mortgage-free. Cardi said she’s having Lisa reach out to The Sun to dispute the rumors and issue a takedown notice. It looks like Offset is the one having financial trouble, not Cardi or her mom.
On Twitter, Thicky91 called out the whole situation: “It’s crazy how Cardi and Ken Barbie are just living their lives, yet people keep making up false stories about them. They’re not even on social media all the time—maybe get a life instead of spreading rumors.” Cardi agreed, saying the whole mess started because she made a comment about real estate that had nothing to do with the rumors. She feels people use her and her circle as scapegoats because they’re easy to manipulate.
Cardi also criticized how she’s treated by urban blogs and Black women bloggers, claiming they’re particularly harsh towards her. She wonders why people are so obsessed with her personal life, while major papers like The Sun seem to get the details right.
Cardi said she might do a live stream to address the situation if The Sun’s article is still up. Her only response so far has been to call the article fake news, despite The Sun being a well-known publication.
They actually went and got the files. The Sun is really good with paperwork. And now you’re blaming The Sun for what people are saying online? Seriously? The Sun was the source for almost everyone’s info. Everyone relies on them for their news. Anyway, she said, “Everyone takes out loans to buy a house, and I’ve never missed a payment. I bought my house in 2021, and I’m very responsible with money. My bills come before luxury. I just spent $400,000 on jewelry this month because I know how to budget. Stop playing with me.”
It’s funny how you have so much respect for this newspaper that’s read by millions of people worldwide. You’re not calling them names or getting nasty, and you’re not doxing anyone or talking about anyone’s dead children. You only do that with urban blogs, which are actually more relevant. But you’re being so polite to The Sun. You’re saying, “I bought my house in 2021, invested almost $12 million, and now look at what’s left. I’m responsible with money. My bills come before luxury. I just spent $400,000 on jewelry this month because I still know how to budget. Stop playing with me.”
What’s amusing is that The Sun’s article came out two days before the blogs picked it up, two days before anyone else mentioned it. That’s where everyone got their info. But, look, we’ll talk about this more later. It’s just funny how Cardi treats Black and urban blogs with so much hate, while the one news source that tore apart your marriage and humiliated you, with a readership in the hundreds of millions, gets nothing but respect from you. All you say is, “I’m responsible with money. I’m not in debt. I just bought $400,000 in jewelry because I budget well.” Meanwhile, the blogs are getting disrespected.
So, Cardi B clearly knows how to handle her interactions—she’s strategic about who she takes on and who she’s cautious with, which is pretty smart. I’m curious if this divorce will help her find some real happiness. It’s interesting how, when someone really puts you and Offset on blast and disrespects you in front of millions, there’s nothing to say. What do you think about this? Drop your thoughts in the comments. Talk to you later. Bye!
