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Posted on 3/18/24 at 9:22 am to Tigers0891
quote:
I have a hard time believing a large Vegas casino would let someone carry a 50 million dollar debt.
Im sure they make an exception for big time celebrities. He will end up doing free concerts for them or something
Posted on 3/18/24 at 9:23 am to HeLeakin
quote:
The source also alleges that Bruno is taking home $90 million a year from his current deal with MGM
So hes still up 40mil on them
Yeah they sure do "own" him
Posted on 3/18/24 at 9:27 am to StringedInstruments
quote:$175 million net worth doesn't mean he's got $175 million in cash sitting in the bank. Probably only a small fraction of that $175M is actual cash while the majority of that $175M is the equity value in business investments and property holdings. Its a lot bigger deal when you have to start selling off assets to pay a debt instead of just being able to write a check.
$50 million is nothing when you have $125 million to $200 million leftover.
Posted on 3/18/24 at 9:27 am to HeLeakin
quote:
Bruno Mars allegedly has a $50 million gambling debt with MGM
quote:
So ah, 14,000. 30% of that's what, what is that, no, ah, 4,200.
Well what the frick arrangement do you suggest now?
O-oh J-Jesus Christ almighty, you get in a mood like this and I just as soon as not even discuss it. Look, let me just have 500, you know, and we'll discuss the rest of it some other frickin' time.
Al: Cash? Or credit at the tables?
frickin' time and try, the frickin' English in you comes out. Fine. I'll have the 500 at the frickin' tables, and Jesus Christ almighty.
Al: Are we holding markers?
Tim: Oh, you're holding markers, alright. You've been holding markers against me and my kind for the past several centuries across both sides of the frickin' water. How the frick do I know?! Ask Dority, he'll know better than me. Credit it against the frickin' markers, but just let me hold 20 in frickin' cash.
Al: Tell Dan to give you 20.
Tim: And a piece of frickin' pussy.
Al: Tell Dan, then tell him to come see me.
Tim: (To EB) And thanks for steppin' in on the side of rightin' frickin' justice, you deaf dumb bastard!
This post was edited on 3/18/24 at 9:30 am
Posted on 3/18/24 at 9:28 am to HeLeakin
(no message)
This post was edited on 4/21/24 at 11:15 am
Posted on 3/18/24 at 9:30 am to HeLeakin
quote:
Bruno Mars allegedly has a $50 million gambling debt with MGM
If he doesn't pay soon, MGM is going to send someone uptown to funk him up...
Posted on 3/18/24 at 9:30 am to CAD703X
Posted on 3/18/24 at 9:33 am to Saint Alfonzo
quote:
He's a dangerous man with some money in his pocket.
Spend your money like money ain't shite (whoop-whoop)
Posted on 3/18/24 at 9:41 am to HeLeakin
quote:
the pop juggernaut allegedly has racked up $50 million in gambling debt with MGM.
Posted on 3/18/24 at 9:43 am to fallguy_1978
I would not spend much on gambling if I had a huge amount. I may go just gif some fun.
Posted on 3/18/24 at 9:52 am to HeLeakin
Sounds like a Colonel Tom Parker situation.
Posted on 3/18/24 at 9:55 am to HeLeakin
So many rich people nowadays it’s insane!
Posted on 3/18/24 at 9:56 am to HeLeakin
Instead of paying him 90 mil this year they can just pay him 40 mil. Glad that waste of a story is wrapped up now.
Posted on 3/18/24 at 9:59 am to The Boat
The post tax on his 90m probably being about 50m may not be a coincidence in this story-
That they let him run a debt in line with his contracted income with them would definitely explain the big dollars involved
That they let him run a debt in line with his contracted income with them would definitely explain the big dollars involved
Posted on 3/18/24 at 10:01 am to The Boat
Forget how he is going to pay for it. I’m sure they can work something out. He is terrible at gambling. I’d like to follow his bets and just bet against him every time.
Posted on 3/18/24 at 10:02 am to BamaCoaster
quote:
They’re paying him $80mil/yr to perform there. This is nothin to him.
Reminds me of the Blues Brothers when they played Bobs Country Bunker and got paid $200, but owed $300 for beer.
Posted on 3/18/24 at 10:14 am to HeLeakin
Amazing
Posted on 3/18/24 at 10:15 am to HeLeakin
He goona get uptown funked if he don't pay it back.
Posted on 3/18/24 at 10:15 am to StringedInstruments
quote:
Okay. Who gives a shite?
$50 million is nothing when you have $125 million to $200 million leftover. It’s just noise for maintaining a luxurious, high quality of life.
These posts are always hilarious. $50 million is a lot of money. These entertainers are hilariously bad with money, thus the $50 million debt. That means he likely has other large debts and spends money like it's water.
Also, he has to pay that $50 million debt with post-tax money, meaning he has to earn about $80 million to pay it off.
He's also likely not very liquid, so would have to sell off assets/investments, potentially at a loss, to pay it.
Even if he performed for free to pay it, that still counts as income, so taxes would be incurred.
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